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The Bermuda Monetary Authority (BMA) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) announced a significant collaboration aimed at streamlining the development and oversight of digital asset businesses within their respective jurisdictions. This partnership, formalized through a Memorandum of Understanding (MoU), establishes a framework for the two regulatory bodies to work together on information sharing, regulatory cooperation, and fostering a secure environment […]

Dubai-based property technology (PropTech) company Stake has secured $14 million in a Series A funding round. The investment, led by Middle East Venture Partners (MEVP), a prominent UAE venture capital firm, signifies growing confidence in the future of fractional real estate ownership facilitated by digital platforms. Stake’s funding round attracted a diverse group of investors. Mubadala Investment Company, the sovereign wealth fund of Abu Dhabi, participated alongside […]

The Emirate of Abu Dhabi is poised to become a key player in the global pharmaceutical and life sciences distribution landscape. This ambitious goal is taking flight thanks to a strategic partnership between four major entities:the Department of Health – Abu Dhabi (DoH), the Abu Dhabi Investment Office (ADIO), Etihad Airways, and AD Ports Group. The collaborative effort, announced in June 2024, aims to leverage Abu Dhabi’s […]

Arabian Post Staff -Dubai In a move designed to bolster its appeal as a business hub, Abu Dhabi has unveiled a streamlined licensing process for companies operating within the emirate. The Abu Dhabi Department of Economic Development (ADDED), working alongside the Abu Dhabi Free Zones Council, launched the Unified Economic License initiative. This new system promises to simplify business setup across the emirate, including its free zones. […]

Arabian Post Staff -Dubai The Abu Dhabi real estate sector is experiencing a surge in foreign investment, buoyed by a record-breaking first quarter (Q1) of 2024. According to the Abu Dhabi Real Estate Centre (Adrec), the custodian and regulator of the emirate’s real estate sector, foreign direct investment (FDI) reached a staggering $482 million (AED 1. 81 billion) during this period. This windfall represents a significant increase […]

Abu Dhabi Police officials recently conducted a comprehensive review of the Medical Services Directorate’s development initiatives. The evaluation aimed to assess the Directorate’s effectiveness in providing high-quality healthcare services to police personnel, their families, and other beneficiaries. During the review, Major General Khalil Dawood Badran, Director General of Finance and Services at Abu Dhabi Police GHQ, emphasized the department’s unwavering commitment to enhancing the caliber of medical […]

Sheikh Saif bin Zayed Al Nahyan, brother to the President of the United Arab Emirates (UAE), Sheikh Mohamed bin Zayed Al Nahyan, donned his graduation robes (though figuratively this time) to celebrate the achievements of Zayed University’s Class of 2024. The esteemed guest attended the university’s commencement ceremony, underscoring the importance the nation places on education and its future generation of leaders. Zayed University, a prestigious institution […]

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The United Arab Emirates (UAE) has taken a significant step towards safeguarding its natural heritage with the identification of nine crucial areas classified as Key Biodiversity Areas (KBAs). This designation, recognized by the Key Biodiversity Areas Secretariat, highlights the UAE’s commitment to environmental conservation and its contribution to global biodiversity efforts. These KBAs encompass a remarkable variety of ecosystems, ranging from the arid desertscapes of Dubai and […]

The Abu Dhabi Municipality recently hosted a symposium titled “Shaping Skylines with Silicon:AI and the Future of Urban Planning, ” bringing together urban planners, technologists, and academics to explore the burgeoning role of artificial intelligence in city development. The gathering underscored the immense potential AI holds for optimizing urban spaces, with discussions ranging from traffic management and resource allocation to infrastructure design and disaster preparedness. Dr. Layla […]

VOYEX is the first female-founded Private Jet and 360-Luxury Solutions company in the MENA region, proudly pioneering the way for diversity in the industry and championing women as they make their move to the skies and executive roles. Founded by Lilit Avetikyan, an accomplished executive with 11+ years in the aviation industry, VOYEX stands out for travellers seeking a truly curated end-to-end journey. We speak with Avetikyan, […]

The Liwa Date Festival, a cornerstone of Abu Dhabi’s cultural calendar, is set to return this summer for its 20th edition. The festival, which celebrates the region’s rich date-growing heritage, will be held from July 15th to 28th in Liwa City, located in the Al Dhafra region. Organized by the Abu Dhabi Heritage Authority, the event aims to showcase the importance of date farming and support local […]

Abu Dhabi marked a significant milestone for the Make-A-Wish Foundation, hosting the organization’s annual conference, the Global Wish Summit, for the very first time in Asia. Held on June 3rd, 2024, the summit brought together over 150 leading figures in local, regional, and international charity and community work. The Make-A-Wish Foundation UAE, along with 37 other chapters from around the world, participated in the landmark event. Hani […]

Germany’s national railway company, Deutsche Bahn (DB), has narrowed down the contenders vying to acquire its logistics subsidiary, Schenker, to a select group. After a rigorous selection process, four finalists have been chosen to enter the final round of bidding. These finalists represent a diverse range of industry players. Maersk, a global leader in container shipping, seeks to expand its logistics footprint. DSV, a Danish freight forwarding […]

The ruler of Fujairah, His Highness Sheikh Hamad bin Mohammed Al Sharqi, expressed his deepest condolences on the passing of Saeed bin Ahmed bin Khalfan Al Otaiba. Sheikh Hamad conveyed his sincere sympathies to the Al Otaiba family and the wider UAE community in a message sent on May 31, 2024. Praising Al Otaiba’s lifetime of service, Sheikh Hamad recognized his significant contributions to the nation. Al […]

The Sudanese community in Abu Dhabi recently concluded its highly anticipated community championship, marking a culmination of weeks of competitive spirit and cultural celebration. The championship, which encompassed a variety of sporting disciplines and activities, brought together Sudanese residents from all walks of life, fostering a sense of unity and camaraderie. Football emerged as a major highlight, with teams battling it out in a knockout tournament that […]

The Abu Dhabi National Oil Company (ADNOC) announced a significant development in its relationship with the State Oil Company of the Azerbaijan Republic (SOCAR) on May 31st, 2024. ADNOC has awarded SOCAR a 3% participating interest in the SARB and Umm Lulu offshore concession. This strategic move strengthens the energy partnership between the United Arab Emirates (UAE) and Azerbaijan, while deepening ADNOC’s ties with SOCAR across the […]

The winners of the TII McEliece Challenges, a competition designed to test the security of a promising post-quantum cryptography system, have been revealed. Launched by the Technology Innovation Institute (TII) in Abu Dhabi, the challenges invited participants to break various cryptographic puzzles based on the McEliece cryptosystem. This system is considered a frontrunner in the race to develop encryption methods secure against the growing threat of quantum […]

Arabian Post Special The announcement of Saudi Aramco’s plan to sell shares on the public market has generated significant buzz in the financial world. This highly anticipated initial public offering (IPO) comes after years of speculation and strategic maneuvering by the Saudi government. Understanding the context of this offering and the initial investor response is crucial to assess its potential impact on Aramco and other government-owned oil […]

The third edition of the Make it in the Emirates Forum (MIITE) concluded on Tuesday, solidifying its role as a key driver of industrial development in the United Arab Emirates (UAE). The two-day event, held in Abu Dhabi, attracted over 6, 000 attendees, including investors, industrialists, innovators, and industry experts. MIITE served as a platform for collaboration and progress, witnessing the signing of a significant 82 agreements. […]

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced today the appointment of Mohammed Thani Al Rumaithi as its new Chairman. The Board of Directors voted unanimously to place Al Rumaithi at the helm of the organization, recognizing his extensive experience and leadership in the Emirati business world. Al Rumaithi is a highly respected figure within the Abu Dhabi business community. He previously served as Chairman […]

Kuwait’s National Bank of Kuwait (NBK), the country’s leading financial institution, is poised to make a significant stride in the area of sustainable finance by issuing its first-ever green bond. This move highlights a growing trend in the region towards environmentally conscious investment opportunities. The issuance, anticipated for the coming months, reflects NBK’s commitment to aligning its operations with international sustainability objectives while capitalizing on the rising […]

The United Arab Emirates (UAE) is experiencing a surge in construction activity, prompting a projected increase in demand for building materials. This boom is being fueled by several factors, including significant investments in infrastructure projects and new developments by property developers. Dubai, the UAE’s most populous city, is a prime example of this trend. A new terminal at Al Maktoum Airport, with a staggering investment of Dh128 […]

The Indian Institute of Technology Delhi Abu Dhabi (IIT Delhi-Abu Dhabi), the international branch of the prestigious Indian Institute of Technology Delhi, has unveiled its inaugural Bachelor of Technology (BTech) programs. These programs aim to cultivate the next generation of tech talent who will address crucial challenges in the energy and digital sectors. The first offerings include BTech degrees in Energy Engineering and Computer Science and Engineering. […]

Energy industry leaders from around the world have converged in Abu Dhabi for a crucial conference focused on oil and gas pipeline technologies. The conference, which kicked off this week, serves as a platform for industry experts to delve into the latest advancements in pipeline infrastructure, operational efficiency, and sustainability practices. The gathering in Abu Dhabi comes at a time when the global energy sector is navigating […]

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