The UAE as the new alternative investment hub
In a globalised financial environment, managing risk has become a paramount focus for Alternative Investment Fund Managers (AIFMs). Regulatory landscapes significantly impact risk management, with rules varying across jurisdictions. While Europe has long been recognised as a hub for AIFs, with Luxembourg as one of the top respected investment destinations, the UAE has emerged as […]
UAE President Mohamed bin Zayed meets Dutch PM Mark Rutte
The UAE’s President Sheikh Mohamed bin Zayed Al Nahyan met with the Prime Minister of Netherlands Mark Rutte in Abu Dhabi, reported state news agency WAM. The two leaders met at Qasr Al Shati in Abu Dhabi, where the UAE President welcomed Rutte and expressed his hope the visit would contribute to advancing UAE-Netherlands relations in […]
UNGA78: UAE, India foreign ministers meet, discuss COP28
The UAE’s Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan, met with Dr Subrahmanyam Jaishankar, the External Affairs Minister of India, on the sidelines of the 78th Session of the United Nations General Assembly (UNGA78) in New York, reported state news agency WAM. The meeting, held against the backdrop of longstanding friendly relations, focused […]
ADNOC Distribution board approves $350m interim dividend
ADNOC Distribution’s board of directors has approved an interim dividend of $350m (Dhs1.3bn) for the first six months of 2023, equivalent to 10.3 fils per share. The interim dividend represents the first part of the expected full-year 2023 dividend payment of a minimum of $700m (Dhs2.57bn), which is equivalent to 20.57 fils per share, in […]
India to export rice to the UAE: 75,000 tonnes approved through NCEL
The Indian government will allow the export of rice to the UAE. This exception to the export ban was made by the Indian government for a pre-determined quantity of non-basmati white rice. According to the notification by India’s Directorate General of Foreign Trade on Monday evening, the UAE will receive to the tune of 75,000 tonnes […]
One visa for six countries: UAE’s plan for GCC travel
The UAE and other GCC countries are working towards introducing a common visa system that will ease travel and give a boost to regional tourism. The disclosure was made by the UAE’s Minister of Economy Abdulla bin Touq at the on going Future Hospitality Summit in Abu Dhabi.Future Hospitality Summit in Abu Dhabi. He said the UAE […]
Alpha Dhabi enters wastewater treatment industry with majority acquisition in Metito Holdings
Alpha Dhabi Holding announced its acquisition of a majority stake in Metito Holdings, a global leader in the water and wastewater treatment industry, as per state news agency WAM. Pending regulatory approvals, this transaction marks Alpha Dhabi’s strategic entry into the water and wastewater treatment domain. The acquisition underscores the company’s commitment to diversifying its portfolio […]
DCT Abu Dhabi, Mubadala to invest Dhs50m in cultural industry
The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and Mubadala Foundation have signed a partnership deal to invest Dhs50m in the emirate’s cultural industry over the next five years. The partnership seeks to transform and elevate the city’s vast cultural landscape. Mubadala Foundation has been appointed an ‘Education & Community Partner’ […]
ADNOC Distribution launches 3 service stations in Egypt
ADNOC Distribution , the UAE’s largest fuel and convenience retailer, has inaugurated three ADNOC service stations in Egypt, strategically located in key areas across Greater Cairo to offer a full range of vehicle services to the local communities. The Company plans to open a further six ADNOC service stations nationwide by the end of 2023, […]
ADNOC & TAQA reach financial close on sustainable water supply project
ADNOC and Abu Dhabi National Energy Company (TAQA) have completed the financial closing of their $2.2 billion (AED8.3 billion) strategic project in order to provide sustainable water supply for ADNOC’s onshore operations. This strategic investment between two Abu Dhabi energy giants entails developing and operating facilities to sustainably treat and supply seawater for ADNOC’s operations […]