Abu Dhabi’s Yahsat to invest $100m in T4-NGS satellite programme
Abu Dhabi satellite operator Yahsat Group plans to allocate more than $100m towards capital expenditures in 2023 as part of the ‘T4-NGS’ satellite programme, according to state-run news agency WAM. The programme, the next-generation telecommunications system for Thuraya, is scheduled to become operational in the first half of 2025 with a total cost of […]
UAE, Austria sign air transport services deal
The UAE has signed an air transport services agreement with Austria in Vienna. The agreement, which aims to boost air transport ties between the two nations, was signed on behalf of the Emirates by Hamad Al Kaabi, UAE Ambassador to the Republic of Austria, and on the Austrian side by Peter Launsky Tieffenthal, Secretary-General of […]
2024 Abu Dhabi Grand Prix dates revealed
The dates for the 2024 edition of the Formula 1 Etihad Airways Abu Dhabi Grand Prix have been revealed, with Yas Marina Circuit set to host the season finale to F1’s longest ever season from December 5-8, 2024. The official announcement from Formula One Management confirmed the Abu Dhabi track will host the 24th and […]
MBZUAI, Etihad Airways join forces to harness power of AI in aviation
Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) and Etihad Airways have signed a Memorandum of Understanding (MoU) to jointly develop initiatives and conduct research into how AI could transform key aspects of the nation’s integral aviation sector. The move aligns with the university’s commitment to enhancing AI competitiveness across vital sectors, including aviation […]
Mohammed bin Rashid Al Maktoum Solar Park: A global model for clean energy leadership
The UAE is among the largest countries in the world to invest in clean and renewable energy projects and was the first country in the Middle East and North Africa to launch a strategic initiative to achieve net-zero carbon emissions by 2050. During the Year of Sustainability, it hosts the Conference of the Parties […]
Iberdrola, UAE’s Masdar to develop $1.5bln Baltic wind farm, Expansion reports
Spanish utility Iberdrola has signed an exclusive deal with Abu Dhabi’s Masdar to develop a 476 megawatt (MW) offshore wind farm in German waters in the Baltic Sea, Expansion newspaper reported on Wednesday, citing unidentified market sources. The Baltic Eagle wind farm being built off Germany’s northeastern coast will have 50 wind turbines and is […]
Abu Dhai’s Mubadala invests in CoolIT Systems alongside KKR
Mubadala Investment Company has announced that it invested alongside investment funds managed by KKR, a leading global investment firm, in the acquisition of CoolIT Systems (CoolIT), which was announced on 2nd May 2023. Headquartered in Calgary, Canada, with operations across North America, China and Taiwan, CoolIT specialises in scalable liquid cooling solutions for the world’s […]
Sharjah real estate transactions valued at $653.4mln in May 2023
The emirate of Sharjah’s real estate activity during May 2023 logged a total value of AED 2.4 billion, futher enhancing Sharjah’s position as an ideal destination for investors, businessmen, and families. The Real Estate and Mortgage Report issued by Sharjah Real Estate Registration Department (SRERD) revealed that 3,540 transactions were recorded in various regions and […]
UAE GDP grows by 7.9% in 2022
Abdullah bin Touq Al Marri, Minister of Economy, said that the preliminary estimates of the UAE’s gross domestic product (GDP) for 2022, issued by the Federal Competitiveness and Statistics Centre, reaffirm the robustness of the country’s economic performance and its achievement of positive growth rates that exceeded estimates. The UAE’s GDP in 2022 at constant […]
Over 900,000 passengers expected to pass through Abu Dhabi International Airport during Eid holiday
Abu Dhabi Airports issued today its projected passenger figures in anticipation of an increase in traffic at Abu Dhabi International Airport (AUH), before and during Eid Al Adha. Between the 23rd of June and the 7th of July, Abu Dhabi Airports estimates over 900,000 passengers will pass through Abu Dhabi International Airport, with over 5,000 […]