LATEST NEWS

Abu Dhabi’s ADQ acquires key stake in Australia’s Plenary Group

April 25, 2024

Set up in 2004, Plenary has a portfolio of 21 assets under management valued at over $25bn across Australia and the Middle East ADQ, the Abu Dhabi-based investment and holding company, and Plenary Group, a...

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UAE-Oman: ADQ, QIA launch $180m tech-focused fund

April 25, 2024

In 2022, ADQ and OIA identified investment opportunities worth over $bn in key sectors of Oman’s economy Abu Dhabi-based investment and holding company ADQ has launched the $180m technology-focused Jasoor...

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Abu Dhabi returns to debt markets with $5bn bond sale

April 25, 2024

The emirate is rated “Aa2” by Moody’s and “AA” by both S&P and Fitch Ratings Abu Dhabi, on Tuesday launched a $5bn three-part bonds as it returned to the debt markets for the fist time in three years,...

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UAE floods: Banks to defer personal, car loan installments for 6...

April 23, 2024

The central bank said banks will not impose additional fees, interest or profits for loan repayment deferrals The Central Bank of the UAE (CBUAE) has urged banks and insurance companies to allow customers...

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Sharjah drops traffic fines for rain violations, issues free damage...

April 22, 2024

Submerged roads and rising floodwaters forced hundreds of residents to abandon their vehicles, navigating through murky waters to seek safety In response to the recent bout of unstable weather conditions in...

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UAE weather: More rains from Monday forecasts NCM

April 22, 2024

Dubai is expected to receive minimal rainfall with partly cloudy conditions on most days this week The National Centre of Meteorology (NCM) predicts more rain across parts of the UAE this week. The country...

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UAE bank ADCB’s brand value soars to Dhs10.5bn in 2023

April 22, 2024

The bank moved up four places to rank 109th in Brand Finance’s top 500 banking brands globally Abu Dhabi Commercial Bank’s (ADCB) brand value increased by 8.7 per cent to reach Dhs10.5bn in 2023, according...

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British Airways resumes service to Abu Dhabi after four years

April 22, 2024

The new daily service caters to the growing demand for further flights connecting the global tourism and business hubs of London and Abu Dhabi British Airways’ first flight after a four-year hiatus touched...

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Dubai Airports’ Paul Griffiths says departures improving steadily

April 22, 2024

To reduce congestion, the airports operator advised travellers against arriving too early at Dubai International Airport to avoid overcrowding Departure flights at Dubai’s main international airport are...

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RTA, Dubai Municipality intensify clean up operations after storm

April 20, 2024

The two entities have taken steps to minimise disruptions across the city, including clean up operations and rerouting traffic The Roads and Transport Authority (RTA) and Dubai Municipality have intensified...

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