Latest from Banking, Investments, Money, Insurance, Futures, Stock in Abu Dhabi and UAE and Middle East

Banking, Investments, Money and Insurance

The Authority of Social Contribution – Ma'an Launches 9th Social Incubator: Entrepreneurship for Soc ...

The Ma’an Social Incubator (MSI), is designed to support the next wave of social entrepreneurs through providing funding, networking, mentorship and more. Entrepreneurship for Social Impact welcomes start-ups which aim to improve the lives of various societal groups to apply to be part of the programme by July 19. Abu Dhabi, ......Read More

Thursday, April 25, 2024

Abu Dhabi Businesswomen Council Initiates Strategic Engagements with Eight International Business Co ...

The meeting included representatives of chamber and business councils from the US, Canada, Britain, France, Ireland, Pakistan, the Philippines, and the Benelux Union Al Fahim: "We seek to build strategic alliances and cooperation between our counterparts here in Abu Dhabi and the world". Beneski: "We are committed to creating ......Read More

Wednesday, April 24, 2024

Masdar and EGA form alliance to work together on aluminium decarbonisation and growth through renewa ...

Collaboration will advance sustainable production of aluminium, one of UAE's biggest exports Masdar and EGA will explore international opportunities to power new aluminium production facilities with renewable energy Aluminium plays a major role in the decarbonisation of many industries Abu Dhabi, United Arab Emirates; 17 April ......Read More

Wednesday, April 17, 2024

ADNEC Group partners with Terrax to develop 100% recycled flooring to support sustainability in the ...

TerraTiles are made from recycled materials and are manufactured locally Each TerraTile is the equivalent of 5.12 kg of recycled waste The initiative forms part of ADNEC Group’s commitment to net-zero events UAE, Abu Dhabi 16, April 2024 : ADNEC Group has partnered with Terrax Environmental Limited at the World Future Energy ......Read More

Wednesday, April 17, 2024
Abu Dhabi Chamber Supports Sustainable Innovative Solutions

Al Qubaisi: Our participation in the summit aligns with our enduring dedication to driving both national and global trends aimed at promoting the launch of sustainability initiatives to advance the comprehensive development process witnessed in the UAE, and to encouraging businesses to contribute directly to addressing the repercussions of climate ......Read More

Monday, April 15, 2024

The Abu Dhabi Businesswomen Council Celebrates the Talents and Innovations of Female Entrepreneurs a ...

Abu Dhabi, April 7, 2024: The Abu Dhabi Businesswomen Council, a subsidiary of the Abu Dhabi Chamber of Commerce and Industry, organized a Ramadan Suhoor event that brought together businesswomen in the Emirate of Abu Dhabi, and highlighted the diverse talents and skills of female entrepreneurs in various fields and sectors. Each touchpoint and ......Read More

Monday, April 8, 2024

Abu Dhabi Chamber establishes 54 new working groups within Advocacy Hub initiative

5 April 2024, Abu Dhabi, UAE: The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced the establishment of 54 working groups within the Advocacy Hub initiative, as part of the efforts to support the growth and prosperity of the private sector by providing an ideal platform that encourages businesses within Abu Dhabi to discuss the ......Read More

Friday, April 5, 2024

AD Ports Group Issues 2023 Annual Report

Report outlines a year of intelligent internationalisation, entering new markets and completing major acquisitions Abu Dhabi, UAE – 1 April 2024: AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics, and industry, today issued its 2023 Annual Report. The report highlights significant achievements for the ......Read More

Monday, April 1, 2024
UAE and Kenya sign Investment Memorandum to advance digital infrastructure and AI initiatives

UAE and Kenya sign Investment Memorandum to advance digital infrastructure and AI initiatives His Excellency Mohamed Hassan Alsuwaidi: “This memorandum is set to accelerate the development of a sector that has the potential to become a growth driver for other industries” Abu Dhabi, UAE, 29th March 2024 – The ......Read More

Saturday, March 30, 2024

Abu Dhabi Chamber Established Dedicated Working Group to Champion the Needs of Startups and SMEs in ...

28 March 2024, Abu Dhabi, UAE: The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced the establishment of a working group for startups and small and medium-sized Enterprises (SMEs), which will represent the interests of startups and SMEs registered in Abu Dhabi. This is a strategic step that seeks to achieve the Abu Dhabi ......Read More

Thursday, March 28, 2024

ADNOC Distribution Shareholders Approve New Five-Year Dividend Policy As Company Reinforces Focus On ...

Shareholders approve H2 2023 dividend of AED1.285 billion (10.285 fils per share), bringing 2023 total dividend to AED2.57 billion (20.57 fils per share) ADNOC Distribution has provided shareholders with a 90% return on their investment since its initial public offering in 2017 New five-year dividend policy sets annual dividend of ......Read More

Thursday, March 28, 2024

Hotpack Global MD emerges Founding VC of Paper and Tissue Business Group at Dubai Chamber of Commerc ...

Dubai – March 28, 2024: Mr. Abdul Jebbar P. B., Founder and Group Managing Director of Hotpack Global, the UAE-based global leader in packaging products, has been appointed as the Founding Vice Chairman of the Paper and Tissue Business Group under the esteemed Dubai Chamber of Commerce, says a press statement issued by the ......Read More

Thursday, March 28, 2024
Abu Dhabi Chamber and UAE International Investors Council Sign Collaboration Agreement to Promote th ...

Al Qubaisi: The agreement comes in alignment with our ongoing endeavor to extend bridges of cooperation with investors worldwide, fulfill their aspirations, and provide them with more investment opportunities, enabling them to thrive locally and internationally Al Jarwan: We are keen to extend bridges of cooperation and forging ......Read More

Wednesday, March 27, 2024

Green Metal Industries to set up a $100m Steel Recycling and Production Facility in KEZAD

Facility on 116,000 sqm land will recycle scrap metal into high-quality special steel products Abu Dhabi, UAE – 27 March 2024: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, and UAE-based Green Metal Industries today announced the signing of an agreement for the ......Read More

Wednesday, March 27, 2024

Mubadala invests in Avanse Financial Services to make more academic dreams a reality in India

This marks Mubadala’s first investment in the financial services sector in India The deal is part of Mubadala's larger vision of growing its exposure in Asia Abu Dhabi, March 26, 2024: Mubadala Investment Company (“Mubadala”), the Abu Dhabi based investment company announced today that it is investing in Avanse ......Read More

Tuesday, March 26, 2024

Abu Dhabi Securities Exchange (ADX) partners with Eureeca to expand access to its IPOs for Internati ...

In a pioneering first initiative, the ADX-Eureeca collaboration will offer international investors compliant and user-friendly access to ADX IPOs. This endeavor aims to enhance international investor engagement on ADX whilst also expanding Eureeca's offerings by including ADX IPOs. ADX's collaboration with Eureeca capitalises ......Read More

Tuesday, March 19, 2024
Abu Dhabi Chamber and Abu Dhabi Global Market Strengthen Strategic Partnership to Support the Prospe ...

Collaboration Agreement aims to establish comprehensive cooperation between the two sides on procedures for registering and licensing free zone companies and Chamber membership Al Qubaisi: We seek to enhance the Chamber's contribution to advancing sustainable development in Abu Dhabi and achieving economic diversification ......Read More

Monday, March 18, 2024

KEZAD Group and Sam Force Sign Agreements for Community Retail Centres Development

Sam Force Will Develop and Operate Two Centres in KEZAD to Enhance Community Lifestyle and Amenity Offering Abu Dhabi, UAE – 27 February 2024: Khalifa Economic Zones Abu Dhabi – KEZAD Group, a leader in the development of integrated and purpose-built economic zones, today announced two land lease agreements with Sam Force ......Read More

Tuesday, February 27, 2024

KEZAD Assets Management Company set to manage 750,000 sqm of built-up assets under KEZAD Group

Company to Acquire, Manage and Operate existing and new KEZAD Group Built-up Assets Abu Dhabi, UAE – 21 February 2024: KEZAD Group, a subsidiary of AD Ports Group under the Economic Cities & Free Zones, and the largest operator of integrated and purpose-built economic zones in the UAE, is set to transfer the management of ......Read More

Wednesday, February 21, 2024

ARABICA OPENS AT ZAYED INTERNATIONAL AIRPORT IN ABU DHABI

Seamlessly Blending Coffee, Design Innovation, and Abu Dhabi's Cultural Legacy [Abu Dhabi, February 2023] — % Arabica, the globally renowned Japanese specialty coffee leader, proudly unveils its inaugural airport store within the duty-free zone of Zayed International Airport in Abu Dhabi. This extraordinary addition marks the 8th ......Read More

Wednesday, February 21, 2024
e& reports record consolidated net profit of AED 10.3 billion growing 3% year-over-year

Consolidated revenues reached AED 53.8 billion, a growth of 8.3 per cent year-over-year, at constant exchange rates Board proposes a total dividend of AED 0.80 per share for FY 2023 Recommends a new progressive dividend policy to bring the DPS to 89 fils by FY2026 Abu Dhabi, 21 February 2024 – e& announced its ......Read More

Wednesday, February 21, 2024

KEZAD Group Signs Lease Agreement with APT for Automotive Aluminium Component Manufacturing Plant

Al Ghurair Group Subsidiary to Tap Global EV Parts Market from 30,000 sq metres Facility Abu Dhabi, UAE – 19 February 2024: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, and Al Ghurair Group subsidiary Automotive Precision Technology (APT) today announced the ......Read More

Monday, February 19, 2024

Young UAE-based Climate Tech Angel Investors Favor African and MENA Regions For Growth Potential Ove ...

UAE-based investors are using the MENA region as a base to provide sustainability solutions across the India China Africa corridor, according to the annual Angel Rising Investor Trends Report from startAD and VentureSouq The average age of participants is younger than their global counterparts and features a higher female ......Read More

Friday, February 16, 2024

AD Ports Group Reports Strong Operational and Financial Performance in 2023 with Revenue More than D ...

Record Full-Year 2023 Revenue Increasing 112% YoY EBITDA Rising 23% YoY to AED 2.7 billion and Net Profit 6% YoY to AED 1.4 billion Abu Dhabi, UAE – 14 February 2024: AD Ports Group (ADX: ADPORTS), a leading global facilitator of logistics, industry and trade, today announced its preliminary financial results for the 12 months ending 31st December 2023, reporting strong operational and financial performance, with revenue more than doubling year-on-year (YoY) to AED 11.68 billion, +58% YoY to AED 8.71 billion on a like-for-like (LFL) basis after adjusting for the effect of mergers and acquisitions (M&A). In the last quarter of 2023, the Group’s ......Read More

Thursday, February 15, 2024
Titan Lithium to Set Up AED 5 Billion Lithium Processing Plant in KEZAD

The 290,000 sqm plant will process battery-grade Lithium for EV vehicles in Abu Dhabi Abu Dhabi, UAE – 13 February 2024: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, and UAE-based Titan Lithium have announced the signing of a 50-year land lease agreement for the ......Read More

Tuesday, February 13, 2024

IHC Announces Stellar Preliminary Financial Results for 2023: Record Revenue and EPS Growth

EPS of AED 12.36, indicating robust financial health and investor confidence. Preliminary Net profit remains strong at AED 32,748 million. Revenue Soars to AED 60,089 million with strategic acquisitions and performance driving a preliminary 18% YoY increase. Abu Dhabi, 5th February 2024: ABU DHABI, UAE – International Holding Company (IHC), a leading investment conglomerate based in Abu Dhabi, has announced its Unaudited Preliminary Financial Results for the year ended December 31, 2023, showcasing a remarkable year of financial growth and strategic achievements. The Group's Preliminary Revenue soared to AED 60,089 million, marking an 18% increase from the ......Read More

Tuesday, February 6, 2024

Abu Dhabi Chamber Launches Advocacy Hub to Support the Business Ecosystem in Abu Dhabi

2, February 2024, Abu Dhabi, UAE: The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced the launch of the Advocacy Hub initiative, which involves all segments of the private sector, enhancing its engagement and bringing positive change in the business system. The Advocacy Hub aims to support and empower the private sector. It ......Read More

Friday, February 2, 2024

KEZAD Group Announces AED 621m Investment for New Warehousing Capacity

250k sqm of Additional Capacity Being Developed on Continued Strong Demand for Industrial and Logistics Facilities in Abu Dhabi Abu Dhabi, UAE – 30 January 2024: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, today announced that it has commenced the ......Read More

Tuesday, January 30, 2024
EDGE Expands its End-to-end Defence Capabilities with the Addition of International Golden Group

• International Golden Group will expand the scope of EDGE’s capabilities as a supplier of defence and service solutions to provide more complete end-to-end offerings to customers Abu Dhabi, UAE: 23 January, 2024 – EDGE Group PJSC (EDGE), one of the world’s leading advanced technology and defence groups, today announced the addition of International Golden Group (IGG) to the EDGE portfolio of companies. Abu Dhabi-based IGG is the UAE’s leading agent for high-end defence supplies and security solutions. The move will allow EDGE to expand its business and to provide a more complete end-to-end offering to its end-users. Recognised as a ......Read More

Wednesday, January 24, 2024

Century Financial's ‘Financial Freedom for All' Campaign Achieves Monumental Success, Aligning with ...

Date: Dubai, UAE; January 23, 2024 The Financial Freedom for All – a campaign launched by Century Financial in collaboration with the United Nations Principles for Responsible Management Education (PRME) Middle East and the Anti-Poverty Working Group, has garnered the backing of leading corporates, pledging to enroll 10,000 blue-collar workers within the very first month of its launch. This significant milestone underscores the campaign's broad appeal and its profound impact. Furthermore, the initiative has successfully galvanised the support of over 50 prominent corporates and more than 30 esteemed educational institutions, solidifying its crucial ......Read More

Tuesday, January 23, 2024

Abu Dhabi Securities Exchange (ADX) Welcomes Secondary Dollar and Dirham Bond Listings by Mubadala

Abu Dhabi, UAE, 9 January 2024: Mubadala Investment Company, the Abu Dhabi sovereign investor, through its issuing entity Mamoura Diversified Global Holding (MDGH) announced the successful secondary listing of its dollar- and dirham-denominated bonds totaling US$4.5 billion and AED 750 million respectively, with a bell ringing ceremony at the Abu ......Read More

Tuesday, January 9, 2024

KEZAD Group Welcomes AED 20 million Excel Astra Fabrication Facility in KEZAD

The Facility will Contribute to Abu Dhabi’s Non-Oil Exports, Create 400 Jobs Abu Dhabi, UAE – 29 December 2023: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, and UAE-based Excel ASTRA Engineering & Construction, a leading construction contractor ......Read More

Friday, December 29, 2023
UAE and Congo-Brazzaville Finalize Terms of a Comprehensive Economic Partnership Agreement

- UAE and Congo-Brazzaville non-oil trade increased 5% in 2022 to reach US$2.2 billion and has doubled in H1 2023 over H1 2022. - HE Al Zeyoudi: “We look forward to ushering in this new era of cooperation and to further expanding our presence in Africa as a trusted partner and investor.” - HE Jean-Baptiste: “The strategic partnership agreement with the United Arab Emirates that we have just concluded today will greatly contribute to the financing of structuring projects in Congo.” Abu Dhabi, UAE, 28th December 2023: The United Arab Emirates and the Republic of Congo-Brazzaville have concluded the terms of a Comprehensive Economic Partnership ......Read More

Friday, December 29, 2023

Abu Dhabi Chamber of Commerce and Industry launches Abu Dhabi International Arbitration Centre

20 December 2023 - Abu Dhabi, United Arab Emirates: Abu Dhabi Chamber of Commerce and Industry has launched the Abu Dhabi International Arbitration Centre (arbitrateAD), an international arbitration centre based in Abu Dhabi. From 1 February 2024, the governance structure and arbitration rules of arbitrateAD will replace those of the Abu Dhabi ......Read More

Wednesday, December 20, 2023

First Stand-alone France Visa Application Centre Launched in Abu Dhabi for UAE Residents

The newly opened Centre operated by VFS Global, was inaugurated on 18 December 2023 by Ms. Soumya ZELMAT, Consul of France in Abu Dhabi. France visa applicants can now visit this Centre located at The Mall - World Trade Centre, Khalifa Bin Zayed the 1st Street, which offers enhanced comfort and convenience. All visa applications for ......Read More

Tuesday, December 19, 2023

Savoye Acquires a Major Contract in KSA to Support CJ Logistics and iHerb with World-class Automatio ...

Savoye was selected as the automation and technology partner to fully automate the e-commerce Global Distribution Center of iHerb in KSA, first of its kind in the region November 21, 2023: Savoye, a leading global warehouse automation integrator and software publisher in the Middle East, partnered with CJ Logistics, a 3PL services ......Read More

Tuesday, November 21, 2023
Tabreed Announces its 9M 2023 Results, with a 10% Rise in Revenue to AED 1.8 Billion

• On track to add 120,000 RT capacity over FY 2023-24, supported by new projects and new connections across existing concessions • Tabreed reports 9% year-on-year growth in consumption volumes • Tabreed maintains ‘Investment Grade’ credit rating from Moody’s & Fitch, demonstrating prudent cash flow ......Read More

Thursday, November 16, 2023

ADGM and MBZUAI Forge Strategic Collaboration to advance Artificial Intelligence for Regulatory Comp ...

• ADGM and MBZUAI signed an MoU to develop AI-based technological tools designed to assist in regulatory compliance tasks within the financial services sector. • The tools will leverage AI to generate insights and information from financial regulations and rules, that can be fed into regulatory decisions and processes. • The ......Read More

Thursday, November 16, 2023

Al Ain Allied Investment Unveils Comprehensive E-Commerce Solutions

Al Ain Allied specialises in end-to-end e-commerce support, from creating seller and ads accounts to implementing strategic digital marketing activities Dubai, United Arab Emirates, November 2023: Al Ain Allied Investment, a pioneer in the digital marketing and online seller accounts consulting space, proudly announces its commitment to ......Read More

Tuesday, November 14, 2023

Polygood® and Danube Group Join Forces for Middle East Expansion in the Year of Sustainability

DUBAI, November 2, 2023: The Good Plastic Company, the largest producer in sustainable materials, is proud to announce the exclusive distribution of its revolutionary surface material, Polygood®, into the Middle East with the successful conglomerate Danube Group. Danube Group, a Dubai-based diversified business conglomerate, ......Read More

Friday, November 10, 2023
Sanad Unveils SAMENA Region's First Certified CFM LEAP Engine MRO Center in Abu Dhabi

• Landmark 11-year shop visit offload agreement broadens Sanad Maintenance, Repair, and Overhaul (MRO) capabilities for LEAP-1A and LEAP-1B engines, a collaboration with GE Aerospace and Safran Aircraft Engines • Sanad invests over AED100 million into its Abu Dhabi facility, enhancing its state-of-the-art engine MRO ......Read More

Thursday, November 9, 2023

Presight Announces Strong Performance as it Crosses AED 1 billion in Revenue for first three Quarte ...

• Q3 FY23 revenue up 11.8% to AED 553.1M compared to AED 494.9M in Q3 FY22 • Q3 FY23 net profit increased 17.5% compared to Q3 FY22, reaching AED 130.5M • Revenue for the first three quarters of FY23 passed AED 1 billion Abu Dhabi, UAE 7th November 2023 – Presight AI Holding PLC (“Presight” ......Read More

Wednesday, November 8, 2023

IHC Sustains Positive Momentum Throughout Q3 2023 and Delivers Robust Topline Growth

— Revenue growth of 24.8% in YTD-2023 as compared to YTD-2022, driven by positive performance in key segments including real estate and construction, marine and dredging, and services. — Growth in Total Assets to AED 235.6 billion, a 3.3% increase as compared to December 2022. Abu Dhabi, 08 November 2023: International Holding Company (ADX: IHC), the global diversified Abu Dhabi-based conglomerate, today announced its financial results for the third quarter of 2023. IHC recorded a quarterly group Revenue of AED 14.2 billion representing a 9.5% increase over Q2 2023. During the 9 months period ending September 2023, the Group reported a Profit After Tax of AED ......Read More

Wednesday, November 8, 2023

Agthia Group Reports AED 3.27 Billion Net Revenue During The First Nine Months 2023

Strong and Profitable Growth Continues During Third Quarter Year-to-date (YTD) reported Group net revenue +10.9% YoY to AED 3.27 billion YTD Group Like-for-like (LFL) revenue +3.5% YoY including Abu Auf in the prior comparable period YTD Group EBITDA +18.0% YoY to AED 465 million with strong growth in ......Read More

Tuesday, November 7, 2023
LG Announces Third-Quarter 2023 Financial Results

High Performance, Strong Profitability Reflect Progress in Advancing Business Portfolio, Accelerating B2B Business and Procuring New Growth Engines 02 November, 2023 — LG Electronics Inc. (LG) today announced third-quarter 2023 consolidated revenue of KRW 20.7 trillion and operating profit of KRW 996.7 billion, both the second highest ......Read More

Thursday, November 2, 2023

Abu Dhabi Chamber Signs MoU with FAB to Optimise the Investment Climate and Business Environment

Al Qubaisi: The banking sector plays a pivotal role in attracting foreign direct investments and fostering a conducive business environment that promotes diversity, competitiveness, and growth 1 November 2023 - Abu Dhabi, UAE: The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has signed a Memorandum of Understanding with First ......Read More

Wednesday, November 1, 2023

KEZAD Commences AED 330m Primary Infrastructure Development for Food and Auto-Hubs

Developments expand KEZAD Al Ma’mourah’s footprint along E311 between Abu Dhabi and Dubai Abu Dhabi, 30 October, 2023: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones in the UAE, today announced that infrastructure work at a cost of approximately AED 330 ......Read More

Monday, October 30, 2023

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