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ADNOC L&S IPO

ADNOC raises size of its logistics unit IPO on heavy demand

The maritime logistics firm expects the final offer price to be announced on May 26, after the book-building process

Mubadala has invested in clean energy FY 2022 financial highlights

Abu Dhabi’s Mubadala outperforms global benchmarks in 2022

The company deployed Dhs107bn in industries such as life sciences, renewable energy and digital infrastructure

etihad airways CO2 emissions reduction in 2022

Etihad reports 26% drop in CO2 emissions per RTK in 2022

In its annual sustainability report, the airline stated that it had reduced CO2 emissions per revenue tonne kilometre to 482g compared to the 2019 baseline

Al Seer Marine invests into Adnoc L and S

Al Seer Marine makes Dhs257m cornerstone investment into ADNOC L&S

Al Seer Marine recently announced a strong revenue profit of Dhs1.11bn for 2022

ADNOC L&S IPO

ADNOC L&S sets IPO price range, seeks to raise $607m

The company expects the final offer price to be announced on May 26, after the book-building process

Etihad is offering discounted fares to Rome, among other destinations. (Image: Supplied by Etihad Airways)

Etihad Airways sale: Summer discounts announced on flights from Abu Dhabi

The airline is offering special fares to select destinations across its Asian, European, Middle Eastern and North American routes

AD Ports Group Khalifa Port

AD Ports Group’s first-quarter revenue jumps by 73%

The shipping and logistics group’s revenue in the first three months of the year reached Dhs1.81bn from Dhs1.04 a year earlier

TAQA Group CEO and managing director Jasim Husain Thabet

UAE’s TAQA Group posts $3.2bn in Q1 net income

The Abu Dhabi-listed firm said its revenues jumped 6 per cent in Q1 2023 to Dhs13.14bn, bolstered by higher bulk supply tariffs and transmission charges

lights

Abu Dhabi introduces traffic warning lights to alert drivers

The system, which aims to enhance road safety across the emirate, uses coloured lights to alert drivers of upcoming traffic incidents and adverse weather conditions

ADNOC Distribution

ADNOC Distribution’s Q1 net profit jumps 5.5% to Dhs551m

The energy provider said its net profit soared 19.4 per cent quarter-on-quarter and free cash flow stood at Dhs1.04bn

Tabreed

UAE’s Tabreed reports Dhs236.4m in net profit during Q1 2023

The company’s revenue increased by 10 per cent year-on-year to Dhs464m

ADNOC Gas first Q1 results

ADNOC Gas’ Q1 net income surges by 9% to $1.3bn

The net income for the quarter ended March 31 included a one-time tax benefit of $300m following its formation earlier this year

ADNOC Baker Hughes agreement

ADNOC, Baker Hughes partner to advance hydrogen technology

The partnership builds on ADNOC Group’s $15bn commitment towards decarbonisation projects by 2030

ADNOC Logistics shares will begin trading June 1

ADNOC to sell 15% stake in logistics unit in Abu Dhabi IPO

The share sale comes just a few months after state-owned ADNOC raised $2.5bn in the listing of its gas business

PureHealth, Ardent deal

PureHealth closes acquisition of Dhs1.8bn stake in Ardent Health

The completion of the transaction is expected to further strengthen PureHealth’s vision towards becoming a leading global player in healthcare

Abu Dhabi 2022 GDP

Abu Dhabi economy grows 9.3% in 2022 on non-oil activities boost

The city’s non-oil sectors witnessed significant growth of Dhs43bn in 2022 and contributed 50 per cent to the overall GDP

ADAFSA

Abu Dhabi Agriculture and Food Safety Authority, Hub71 partner to develop agtech innovations

Both entities will work to address the challenges faced by the agtech sector by connecting businesses with startups offering technology-based solutions

ADFD

ADFD finances sustainable water project in Mauritanian city of Kiffa

The contribution from ADFD towards this strategic project amounts to Dhs110m

ADGM to expand jurisdiction May 2023

ADGM Financial District to expand, making it one among world’s largest financial centres

The UAE Cabinet’s resolution has expanded ADGM’s jurisdiction to Al Reem island in addition to Al Maryah island

Mubadala, ADIB deal

Mubadala offloads 7.6% ADIB stake to National Holding

The state investor said the deal is in line with its strategy to create long-term value by optimising a global portfolio of investments

Aldar Properties Egyptian investment

Aldar Properties reaffirms its commitment to Egypt

The property firm said its investment in SODIC was one of the largest foreign investments in the Egyptian real estate sector

Jordan Tourism Board

ATM 2023: DCT Abu Dhabi, Jordan Tourism Board sign MoU

The MoU represents a one-year agreement to strengthen tourism and economic cooperation and build dual-destination awareness to drive incremental leisure traffic

Drydock

AD Ports Group to expand Khalifa Port with drydock services

With this expansion, Khalifa Port will expand its range of port and marine logistics services, from container and cargo handling to vessel repairs and maintenance

Aldar Properties group CEO Talal Al Dhiyebi

Abu Dhabi’s Aldar Properties posts 22% jump in Q1 2023 profit

The developer said its revenue backlog hit a record Dhs18.8bn, which provides visibility over the next two to three years

Mubadala and Apollo jointly invest Brightspeed

Mubadala, Apollo Funds jointly invest $500m in Brightspeed

The investment gives Mubadala a minority shareholding in Brightspeed alongside funds managed by affiliates of Apollo

ADNOC Group AlRuwais plant

ADNOC Group to build new low-carbon LNG plant in Ruwais

The location’s proximity to ADNOC’s current operations and its future growth projects were all important factors in the decision

Abu Dhabi's Khalifa Fund, AlMaryah Bank to provide digital banking services

Abu Dhabi’s Khalifa Fund, AlMaryah Bank to provide digital banking services to SMEs

The bank will provide exclusive benefits to Khalifa Fund members in accordance with the agreement

ADNOC Gas

ADNOC Gas, TotalEnergies Gas and Power ink 3-year LNG supply deal

The three-year contract is expected to commence in 2023 and will run through 2025

Abu Dhabi to welcome more visistors photo WAM DCT Abu Dhabi

Abu Dhabi to welcome more than 24 million visitors this year

Abu Dhabi welcomed 18 million visitors in 2022, which is a 13 per cent increase from the previous year

electric aircraft

Abu Dhabi to launch first sustainable electric aircraft manufacturing facility in MENA

Monarch Holding and EHang Holdings have signed a partnership agreement to establish the facility in the region