Arabian Post Staff Abu Dhabi Motorsports Management (ADMM) and Flash Entertainment (Flash) have officially integrated their activities and operations, combining the complementary expertise of the two entities to launch a new powerhouse that will shape the future of events, entertainment, and venue management throughout the Middle East and beyond. The company has been named ‘Ethara’ – meaning ‘thrill’ in Arabic – and launches today (May 15). Its […]
Healthcare in Abu Dhabi is regarded as excellent across multiple fields. Care here is a match for (or better than) care provided in Western and developed nations across the globe. For this reason, it has become one of the major medical tourism destinations. The health of Abu Dhabi citizens is overseen by the Department of Health – Abu Dhabi (DoH). Here is an insight into its current […]
With over 1.2 billion fans worldwide regularly following the latest tennis news and watching live matches, tennis is clearly one of the most beloved sports around. There’s something special about seeing an individual athlete standing on their side of the tennis court, quietly sizing up the opponent, bringing their all — skills, physical strength, determination, tenacity, and character — to that very moment, and ferociously going head […]
Sheikh Zayed bin Sultan Al Nahyan was not only the founder of the most successful political federation in the modern history of the Arab World but also the architect of the UAE’s innovative, globalised oil and gas sector. The late UAE President defied the populist trend in OPEC in the 1970’s to nationalise the assets of foreign oil companies. Instead, he signed joint ventures and concession agreements […]
Arabian Post Staff Abu Dhabi Securities Exchange (ADX) has listed 1 billion euros of bonds issued by Emirates Telecommunications Group Company PJSC (Etisalat Group) in two equal tranches maturing in 2028 and 2033. The bonds were more than six times over-subscribed. Etisalat Group’s 500 million euro 7-year notes mature on 17 May 2028 and carry a 0.375% coupon, while the 12-year 500-million-euro tranche matures on 17 May […]
Seven key actions enable a sustainable energy future Carbon-neutrality is paramount for the long-term economic prosperity of the region Event partners included German Chambers of Commerce Abroad, Asia-Pacific Hydrogen Association, Global Manufacturing and Industrialization Summit, Masdar, and Siemens Gamesa More than 2,500 participants joined in the virtual discussions over two days. SINGAPORE – Media OutReach – 12 March 2021 – Regional and global business leaders, policy makers […]
Arabian Post Staff Abu Dhabi’s sovereign investment company Mubadala and Barings, one of the world’s leading financial services firms, announced the formation of Barings Mubadala Enterprise (BME) – an evergreen origination platform seeking to provide financing solutions to European middle-market businesses. BME and its capital partners aim to provide $3.5 billion in financing over the next 18 months to help meet growing corporate demand for flexible capital solutions in Europe. […]
COUNTRY LATEST UPDATES Saudi Arabia Covid-19 pandemic latest: Total confirmed cases: 301,323 Recoveries: 272,911 Deaths: 3,470 Actions to slow the spread of Covid-19: 3 August: Pilgrims returning from Hajj must quarantine for 14 days and will be monitored using electronic bands to ensure compliance. 28 July: Health Ministry to assign a health leader for every 50 pilgrims at this year’s scaled-back […]
|By Arabian Post Staff| Orion Health announced a commercial agreement with Abu Dhabi Health Data Services, a new company established as part of the Public Private Partnership (PPP) between the Department of Health – Abu Dhabi (DoH) and Injazat Data Systems, a subsidiary of the Abu Dhabi government-owned Mubadala Investment Company, to deliver a Health Information Exchange (HIE) platform. The HIE will be known as ‘Malaffi’ and […]
|By Arabian Post Staff| In another setback to the region’s most high-profile private equity firm, state-owned Mubadala is reported to have halted talks to buy Abraaj’s investment business. Abraaj is facing an investigation by investors into how it used some of their money. Abraaj has been trying to sell some or all of the unit following a row with four investors, including the Bill & Melinda Gates Foundation […]
|By Matein Khalid|The rise in Brent crude to $60 a barrel and the trade volume ballast generated by the world’s first post Lehman synchronized economic recovery is hugely positive for UAE economic growth in 2018. After all, the UAE is unique because Abu Dhabi’s 100 billion barrels of proven oil reserves is complemented by Dubai’s role as the Gulf’s financial, logistics, aviation, shopping and services hub. The […]
|By Arabian Post Staff|New issues for the remainder of 2017 are estimated to be in excess of USD 20 billion, as a result of favourable market conditions, according to Fisch Asset Management. An encouraging landscape for new bond issuances in the GCC will likely see a USD sovereign deal between Saudi and Bahrain, while Oman is anticipated to confirm new issues, depending on the size of deficits. […]
Sheikh Tahnoon bin Zayed, National Security Advisor, greets Paul Ryan Speaker of the US House of Representatives, at Capitol Hill, prior to a meeting at Capitol Hill. Seen with Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and Khaldoon Al Mubarak, chief executive and Managing Director Mubadala and Chairman of the Abu Dhabi Executive Affairs Authority (EAA). Nick […]
Abu Dhabi’s Mubadala Investment Co. plans to invest as much as $15 billion in SoftBank Group Corp.’s Vision Fund and start two new venture capital funds to build its technology holdings. The SoftBank fund will be “wrapped up” in two to three weeks with about $95 billion of commitments, according to Ibrahim Ajami, head of venture capital at Mubadala Capital, the sovereign wealth fund’s investment arm. Mubadala plans to […]
Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi Deputy Supreme Commander of the Armed Forces, inspects a Dh 12 billion worth plan to develop the southern part of Yas Island, from Miral Asset Management Organisation, during a Sea Palace barza. Seen with Mohammed Al Mubarak, Chairman of Abu Dhabi Tourism and Culture Authority (2nd L), Noura Al Kaabi, Minister of State for Federal National Council Affairs, […]
Mubadala Investment Company, established after the merger of Mubadala Development Company and International Petroleum Investment Company, began operations on Monday. The new entity is expected to accelerate Abu Dhabi’s economic diversification as it is active in 13 business sectors in more than 30 countries globally, state news agency WAM reported. The new firm’s total assets of about $125 billion, based on valuations at the end of 2015, […]
25 April 2017 Dubai, UAE – Emirates Integrated Telecommunications Company PJSC (“du”) today published its financial results for the first quarter of 2017 showing a 2.5% rise in revenue to AED 3.17 billion. Net Profit before royalty decreased by 16.7% to AED 851.2 million, compared with Q1 2016 Advertisement (AED Millions) First Quarter Analysis Q1 2016 Q1 2017 % change Revenue (AEDm) 3,089.6 3,166.4 2.5% […]
Abu Dhabi’s advanced composite aerostructures manufacturing company has unveiled plans for a second facility at Nibras Al Ain Aerospace Park. Strata Manufacturing, owned by Mubadala Development Company, said the Strata 2.0 facility will more than double its capacity and will add about 60,000 sq m. The company said in a statement that construction on the Strata facility is expected to start in 2018, and will become fully […]
