Air Arabia launches new route to Samara in Russia
Air Arabia today announced the launch of its fifth new Russian route, Samara. The new flights between Sharjah International Airport and Kurumoch International Airport in Russia will operate three flights weekly, starting from 1st October, 2023. “We are glad to announce the launch of our new route to Samara, which further expands our footprint in […]
Masdar City completes LEED ratings for all Masdar Green REIT assets
Masdar City has secured the LEED Gold O+M (operations and maintenance) rating for the corporate headquarters buildings of IRENA, Masdar City, and Tabreed, meaning that each building owned by the Masdar Green REIT is now rated LEED Platinum or Gold. Leadership in Energy and Environmental Design (LEED) ratings, provided by the US Green Building […]
UAE-based diagnostics firm TGT to establish technology hub in Abu Dhabi
UAE-based TGT Diagnostics, which provides well diagnostics to the hydrocarbons industry, announced that it will build a new technology hub in Abu Dhabi. The company has signed an agreement with Khalifa Economic Zones Abu Dhabi (KEZAD Group) for the new facility, it said in a press statement. The facility, which is being set up at […]
Tadweer rolls out larger-capacity green containers to enhance recycling in Abu Dhabi
Abu Dhabi Waste Management Company (Tadweer) has announced a new initiative aimed at improving waste segregation and promoting recycling practices throughout the Emirate. To address the challenges of waste segregation, Tadweer’s new strategy includes the rollout of new, larger-capacity green recycling containers in defined, central locations. Green recycling containers are designated for recyclable materials only, […]
Abu Dhabi Global Market continues epic journey as fastest-growing IFC in region
Abu Dhabi Global Market (ADGM) is continuing to reinforce its position as a global hub for businesses looking to expand their operations in the region. ADGM’s rapid progress and achievements in just 8 years of operations have made it the fastest-growing international financial centre (IFC) in the MENA region in terms of numbers as well […]
Abu Dhabi apartment rents fall marginally in year to Q1 2023
Abu Dhabi’s average apartment rents dropped by 0.7% in the year to March 2023 while villa prices grew by 1.1%. CBRE’s UAE Real Estate Market Review for Q1 2023 showed that sales prices for both apartments and villas increased during the year, by 1.4% for apartments and 1.6% for villas. The number of off plan […]
Masdar plans huge increase in clean energy capacity
Abu Dhabi Future Energy Company (Masdar) has announced that it has nearly doubled its clean energy capacity and CO2 displacement in just two years and is on track to fulfil its ambition of becoming one of the world’s largest renewable energy companies by 2030. According to the company’s Sustainability Report, Masdar achieved a clean […]
UAE: ADDED, ADIB to facilitate digital business banking account opening
Abu Dhabi Department of Economic Development (ADDED) has signed a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB) to jointly offer bank account opening procedures for investors and business licence owners issued by ADDED, facilitating business in Abu Dhabi. The collaboration between the two parties aim to simplify and expedite the process […]
Consortium plans to develop $5bln UAE-Oman-India undersea pipeline
South Asia Gas Enterprise (SAGE), a consortium of companies in deepwater pipeline projects, is planning a $5 billion undersea liquefied natural gas (LNG) pipeline from the Gulf to India. The consortium has sought help from India’s Ministry of Petroleum to develop the pipeline, Financial Express reported, citing SAGE director Subodh Kumar Jain. The project’s technical […]
Admiral Mobility partners with Avis to lease electric trucks
Admiral Mobility, a subsidiary of US-based Admiral Corporation of America, has partnered with vehicle hire company Avis to bring electric commercial trucks to the leasing market in the UAE. The strategic partnership represents a commitment to deliver the GCC’s largest rollout of electric commercial trucks, which will be leased to fleets across the UAE, the […]