Etihad Airways has announced a significant surge in passenger numbers for the first half of 2024. The Abu Dhabi-based carrier successfully transported 8. 7 million passengers between January and June, marking a substantial increase compared to the previous year. This achievement comes as the airline continues to expand its global network and enhance its services to meet the growing demand for air travel. Etihad’s robust performance is […]
Arabian Post Staff -Dubai Abu Dhabi Global Market (ADGM) has introduced a new whistleblowing framework aimed at bolstering market integrity. The regulatory body has set a May 2025 deadline for companies operating within its jurisdiction to fully implement the new rules. The framework outlines a comprehensive system for reporting suspected breaches of ADGM laws or financial crimes. It provides robust protection for whistleblowers who come forward with […]
Banks in the United Arab Emirates (UAE) are bracing for a decline in profits for the second quarter (Q2) of 2024, according to a recent report by CI Capital. This stands in stark contrast to the performance expected from Saudi Arabian banks, which are projected to deliver the highest year-on-year (YoY) earnings growth within the Gulf Cooperation Council (GCC) region. The report, which analyzed the performance of […]
The International Islamic Liquidity Management Corporation (IILM) successfully reissued a total of $940 million in short-term sukuk across three separate maturities. This marks the seventh auction conducted by the IILM in 2024, signifying continued investor demand for these Shariah-compliant financial instruments. The sukuk offering comprised three tranches with varying tenors. The first tranche consisted of $440 million with a one-month maturity, priced at a competitive rate of […]
Marks debut of The Unlimited Collection brand and expansion of lyf brand with six new property signings in Europe Enters into multi-year partnership with Chelsea Football Club as the “Official Global Hotels Partner” Operator of stadium hotels to be rebranded as lyf Stamford Bridge London LONDON, UK/SINGAPORE – Media OutReach Newswire – 8 July 2024 – The Ascott Limited (Ascott), the lodging business unit wholly owned by […]
Officials from the United Arab Emirates (UAE) and China have taken a significant step towards bolstering security ties between the two nations. During a high-profile visit by China’s Minister of Public Security, Wang Xiaohong, to Abu Dhabi in February 2024, a strategic police dialogue was launched. This initiative signifies a growing focus on collaboration in combating transnational crime threats. The launch of the dialogue follows a broader […]
The Abu Dhabi CAS Alternative Hearing Centre (ADCAS HC) and the Emirates Sports Arbitration Centre (ESAC) have signed a momentous agreement, solidifying their positions as leading forces in sports dispute resolution. This collaboration aims to refine the mechanisms for settling disagreements within the athletic sphere and foster a culture of arbitration across the region. The landmark agreement, inked in March 2022, outlines a multifaceted approach. Both entities […]
The Abu Dhabi National Oil Company (ADNOC) announced a substantial reduction in its greenhouse gas emissions in 2023. According to their latest Sustainability Report, the company achieved a net decrease of 6. 2 million tonnes of carbon dioxide equivalent (CO2e) in its scope 1 (direct emissions) and scope 2 (indirect emissions) categories. This progress signifies a significant step forward in ADNOC’s commitment to achieving net-zero emissions by […]
MANILA, PHILIPPINES – Media OutReach Newswire – 5 July 2024 – Salmon, a company committed to improving access to credit, savings, and investments for over 500 million underserved customers in Southeast Asia, has been awarded the prestigious 2024 Asian Banking and Finance (ABF) Fintech Start-Up Award – Philippines. The ceremony took place on July 4, 2024, at the Marina Bay Sands Expo and Convention Centre in Singapore, […]
The Abu Dhabi Waste Management Centre, Tadweer Group, has announced the formation of four new subsidiaries dedicated to revolutionizing waste management practices in the emirate. This strategic move underscores Tadweer’s unwavering commitment to transforming waste into a valuable resource stream. The newly established subsidiaries – Tadweer Environmental Services and Solutions, Tajmee’e, UpCycle, and Tahweel – will each play a distinct role in driving innovation across the waste […]
Arabian Post Staff -Dubai The Abu Dhabi Investment Authority (ADIA), a prominent sovereign wealth fund, is gearing up for potential acquisitions by listing portfolio companies on the Abu Dhabi Stock Exchange (ADEX). This strategic shift aims to raise capital that can be reinvested into new ventures, propelling ADIA’s global investment influence. Financial analysts suggest that ADIA’s decision to leverage the ADEX platform reflects growing confidence in the […]
The Indian beauty sector received a significant shot in the arm recently with a $120 million investment in online retailer Purplle Group. The funding round, designated as Series E, was spearheaded by a subsidiary of the Abu Dhabi Investment Authority (ADIA), a prominent sovereign wealth fund. This investment, coupled with additional contributions from other participants, has propelled Purplle’s valuation to a staggering $1. 3 billion, solidifying its […]
Abu Dhabi’s airports witnessed a phenomenal increase in passenger traffic in 2023, with a staggering 40% surge compared to the previous year. This translates to a whopping 11. 1 million arrivals and 11. 3 million departures, according to official data released by the Statistics Centre – Abu Dhabi. This significant growth is attributed to a combination of factors, including strategic air transport agreements implemented by the country’s […]
The Abu Dhabi Islamic Bank (ADIB) emerged as a frontrunner in the UAE’s sustainable finance sector in 2023, facilitating a notable Dhs5. 6 billion ($1. 52 billion) towards various sustainable projects. This revelation came in the bank’s 2023 ESG Report, which outlined ADIB’s commitment to achieving net-zero carbon emissions by 2030. ADIB’s sustainable finance strategy encompasses a diverse range of activities, including financing renewable energy and clean […]
Abu Dhabi’s state-owned drilling company, ADNOC Drilling, has secured a significant contract worth approximately $733 million for three cutting-edge island drilling rigs. These rigs will bolster operations at the offshore Zakum field, a prolific oil and gas producer for the emirate. The new rigs will be constructed on existing and newly developed artificial islands, strategically positioned for optimal drilling and well completion within the Zakum field. Equipped […]
The energy sector is poised for a significant technological leap as the Abu Dhabi National Oil Company (ADNOC) and e&, a UAE-based tech and telecom group, announced a groundbreaking partnership to develop the industry’s largest private 5G network. Spanning an impressive 11, 000 square kilometers, this high-bandwidth connectivity solution will revolutionize ADNOC’s operations across both onshore and offshore facilities. This strategic collaboration marks a significant milestone in […]
Amazon is revving up its sustainability efforts in the Middle East by collaborating with authorities in the United Arab Emirates (UAE) to launch an electric vehicle (EV) delivery fleet. This initiative aligns with the UAE’s push for a greener transportation sector and complements Amazon’s global commitment to reduce its environmental footprint. Prashant Saran, a senior executive overseeing operations in Amazon Turkey, Middle East and Africa, revealed the […]
The United Arab Emirates (UAE) prepares to host the first edition of the Abu Dhabi Space Debate today, a landmark event designed to propel the global space industry forward. This two-day gathering, taking place on December 5th and 6th, 2022, will convene high-level government officials, industry leaders, and space exploration experts to tackle the most pressing challenges and opportunities facing the burgeoning space sector. The Abu Dhabi […]
Mubarak Al Mansoori, a key figure at Agthia Group, has been selected to participate in the judging panel for the upcoming EEA 2024. This prestigious appointment underscores Agthia’s unwavering commitment to industry excellence and its ambitious plans for continued growth. The EEA, or Emirates Environmental Awards, is a highly respected program that recognizes and celebrates outstanding environmental efforts across various sectors in the United Arab Emirates. The […]
Etihad Airways, the national airline of the United Arab Emirates, has announced a significant pilot recruitment campaign to support its ambitious growth strategy. The Abu Dhabi-based carrier aims to double its fleet size by 2030, necessitating the hiring of hundreds of pilots over the next 18 months. This expansion plan reflects a renewed optimism within Etihad Airways. The airline, like many in the industry, navigated a turbulent […]
The Abu Dhabi Chamber of Commerce and Industry (ADCCI) and e& UAE, a leading integrated telecommunications conglomerate, have inked a strategic collaboration agreement aimed at propelling the growth of small and medium-sized enterprises (SMEs) in the Emirate. This partnership signifies a significant step towards bolstering the Emirate’s business environment by harnessing the power of innovative communication solutions and advanced digital services. Through this collaborative effort, the ADCCI […]
Dubai and Abu Dhabi, the glitzy emirates of the United Arab Emirates (UAE), have cemented their positions as regional leaders and climbed the ranks of the world’s most liveable cities according to the Economist Intelligence Unit’s (EIU) 2024 Global Liveability Index. The report, released on June 27th, highlights the UAE’s growing strength in liveability. Both Dubai and Abu Dhabi secured spots in the coveted “very high” liveability […]
Arabian Post Staff -Dubai For decades, Abu Dhabi National Oil Company (Adnoc) embodied the image of a traditional state-controlled oil producer, content to focus on its vast reserves. However, that perception is undergoing a dramatic transformation. Armed with a $150 billion war chest, Adnoc is rapidly emerging as a major player in the global energy market, actively pursuing strategic acquisitions. This week, Adnoc sent shockwaves through the […]
Singapore-based electric vehicle (EV) company SingAuto has announced a major expansion into the United Arab Emirates (UAE), bringing with it plans to develop a colossal commercial electric vehicle industrial district in Abu Dhabi. This initiative marks a significant step forward for both SingAuto’s ambition to be a leader in sustainable logistics and the UAE’s goal of becoming a prominent player in the global clean energy and smart […]
