GFH to list its shares on the Abu Dhabi Securities Exchange in May
GFH Financial Group B.S.C (“GFH” or “the Group”) today announced that the targeted cross listing of its shares on the Abu Dhabi Securities Exchange (ADX) is expected to take place in May 2022 subject to the final regulatory approvals. This will be the Group’s fourth regional listing, with GFH shares already actively traded on the […]
New programme launched to boost Emirati tourism professionals’ skills
Medyaf, the industry nationalisation initiative at Dubai College of Tourism (DCT), part of Dubai’s Department of Economy and Tourism, has launched the ‘Explore the Tourism Industry in Dubai’ initiative. Designed to empower Emirati talents seeking to join the tourism workforce with the fundamental knowledge and skills, the initiative offers an immersive programme of interactive workshops, […]
Etihad to achieve 20pc emissions reduction by 2025
Etihad Airways plans to achieve a 20% reduction in emissions intensity in its passenger fleet by 2025, cut 2019 net emissions by 50% by 2035, and reach net zero emissions by 2050. The airline achieved its 2020-2021 sustainability targets and reduced greenhouse gas emissions by 56% since 2018. Moreover it is committed to a reduction […]
Emaar Development to deliver 8,500 residential units in 2022
Emaar Development, the build-to-sell (BTS) assets unit of Dubai master-developer Emaar, has announced that over 24,500 residential units are currently under construction across its various masterplans and is set to deliver around 8,500 units later this year. Announcing this at its Annual General Meeting (AGM), Emaar Development said it has already delivered more than 4,700 […]
Dubai: New project to link major roads increasing vehicle capacity from 1,800 to 4,000
Dubai’s Roads and Transport Authority (RTA) opens Saih Al-Dahal Road Improvement Project this May to increase road capacity from 1,800 to 4,000 vehicles The Saih Al-Dahal Road Improvement Project will link Saih Al-Salam Road with the Mohammed bin Rashid Al Maktoum Solar Park, increasing its vehicle capacity in each direction. RTA has highlighted that the […]
UAE youths set to play key roles as ADNOC future-proofs its business
UAE youths are set to play key roles as Abu Dhabi National Oil Company (ADNOC) future-proofs its business to build long-term resilience and remain a catalyst for the nation’s growth and diversification. Speaking at ADNOC’s Youth Ramadan Forum yesterday, Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and […]
Dubai Mashreq Bank shareholders approve $1bln bond issuance
Shareholders of Dubai-based Mashreq Bank have approved a special resolution for the issuance of conventional bonds for up to $1 billion. The proceeds of the bonds will be used for regulatory capital purposes and to strengthen the group’s capital adequacy ratio, the bank said in a filing on the Dubai Financial Market (DFM) on Thursday. […]
Emirates Global Aluminium to supply solar aluminium to major parts maker HAI
Emirates Global Aluminium, the largest industrial company in the UAE and the world’s biggest ‘premium aluminium’ producer, has signed an agreement to supply CelestiAL solar aluminium to Mercedes-Benz parts maker Hammerer Aluminum Industries (HAI). The agreement will see EGA’s CelestiAL metal return to the UAE, as well as being distributed all over the world. EGA […]
Abu Dhabi Police muster $30.22mln from largest charity auction
Supporting the 1 Billion Meals initiative on Zayed Humanitarian Day, Abu Dhabi Police have mustered AED111 million ($30.22 million) at the second in-person Most Noble Numbers charity auction. The auction were held for special vehicle plate numbers and mobile numbers and the two-day 555 online charity auction. The proceeds from the charity auction series will […]
UAE’s AMEA Power wins contract to build two solar power projects in Morocco
The Moroccan Agency for Sustainable Energy (Masen) and the Ministry of Energy Transition and Sustainable Development have officially announced that the UAE-based AMEA Power has been awarded two solar power plant projects of 36MW each, following an international tender. The solar projects were part of a large international tender launched by Masen and the Ministry […]