• All financial outlook metrics met in FY 2022
• Cloud revenue up 33% and up 24% at constant currencies in FY 2022. Q4 S/4HANA cloud revenue further accelerates, up 101% and up 90% at constant currencies
• Current cloud backlog exceeds €12 billion, up 27% and up 24% at constant currencies
• IFRS cloud gross profit up 38%, non-IFRS cloud gross profit up 37% and up 28% at constant currencies in FY 2022
• IFRS operating profit flat, non-IFRS operating profit down 2% and down 7% at constant currencies in FY 2022. Q4 IFRS operating profit up 17%, non-IFRS operating profit up 5% and up 2% at constant currencies
• 2023 outlook anticipates accelerating topline and double-digit non-IFRS operating profit growth
• Targeted restructuring in 2023 reflects focus on strategic growth areas and ......read more
93 per cent of employees said BEACON RED is a Great Place to Work®
Abu Dhabi-UAE: 19 January, 2023 – EDGE Group entity, BEACON RED, an advanced solutions provider that focuses on tackling complex national security challenges, is proud to be certified™ by Great Place to Work® for the second year in a row. The prestigious award is based entirely on what current employees say about their experience working at BEACON RED. This year, 93 per cent of employees voted that BEACON RED is a Great Place to Work®.
BEACON RED benchmarks itself against leading global companies, and prides itself on developing a high-performance culture, embracing diversity, and working as one team to tackle the most complex security challenges. With more than 272 employees from 31 countries, BEACON RED attracts the world’s most elite ......read more
19 th January 2023: Commercial Bank International (‘CBI’ or ‘the Bank’) has announced its full year 2022 financial results.
Key financial result highlights:
• Annual net profit increased by 15%, from AED 131 million in 2021 to AED 150 million in 2022.
• Quarterly net profit increased by 11% from AED 45 million in Q3 2022 to AED 50 million in Q4 2022.
• Loans and advances increased from AED 11.8 billion in 2021 to AED 12.9 billion as of 31 December 2022, representing a year-on-year growth of 9%.
Commenting on the Bank’s 2022 performance, Ali Sultan Rakkad Al Amri, CEO of Commercial Bank International, said: “Thanks to our continuous focus on being a client-centric bank with our dedicated colleagues relentlessly delivering highest ......read more
DTT Group plans to invest USD 10 million to further expand its regional operations and fintech research and development
Dubai, United Arab Emirates – January 19, 2023: Direct TT, one of the world’s leading financial consultancy firms and part of the DTT Group, a globally recognised and regulated financial services provider, acquired the UAE Securities and Commodities Authority (SCA) license for Financial Consultancy and Financial Analysis. The DTT Group further announced its plans to invest USD 10 million over the next two years in its regional operations and fintech research and development.
As part of the acquisition, Direct TT will offer its clients regulated, reliable financial research and analysis, along with scientific data based on more than 25 years of experience, to forecast price trajectory ......read more
Partnership with General Authority of Islamic Affairs & Endowments will reduce 20% of electricity consumption in 850 mosques
18, January 2023: In line with the country’s strategy to conserve resources and rationalize consumption using the latest technology, Abu Dhabi Distribution Company (ADDC) has signed a Memorandum of Understanding (MoU) in collaboration with the General Authority of Islamic Affairs & Endowments (AWQAF) to invest approximately AED 20 million in a project that will optimize air conditioning (AC) equipment in 850 mosques, which equals 65% of the mosques in the Abu Dhabi and Al Dhafra regions. Combined, these mosques serve over half a million worshipers.
Through the collaboration between ADDC and AWQAF, the project will reduce 20% of electricity consumption in these mosques, saving 26 ......read more
Collaboration includes Marine Fleet and Coastal Infrastructure in Key Market for Energy, Transport and Logistics
Abu Dhabi, UAE – 18 January 2023: In the presence of the UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and the President of the Republic of Kazakhstan Kassym-Jomart Tokayev, AD Ports Group (ADX: ADPORTS), the leading facilitator of global trade, logistics, and industry, has signed a strategic partnership agreement with Kazakh National Oil Company (KazMunayGas) and a Memorandum of Understanding (MoU) with the Ministry of Industry & Infrastructural Development for strategic cooperation in the development of a marine fleet and coastal infrastructure in the Caspian and Black seas.
The agreements build upon the shareholder agreement signed in December with KMTF ......read more
Abu Dhabi - 17, January 2023 – Statistics Centre – Abu Dhabi (SCAD) and the Abu Dhabi Department of Energy (DoE) have signed a service-level agreement that allows collaboration between the two parties in the field of statistical integration as part of a strategy to develop an advanced statistical ecosystem which provides high-quality statistics through a decentralised model.
The agreement was signed by HE Ahmed Mahmoud Fikri, the Director General of SCAD and HE Eng. Ahmed Mohammed Belajer Al Rumaithi, Undersecretary of the Abu Dhabi Department of Energy (DoE), on the sidelines of the 15th edition of the Abu Dhabi Sustainability Week (ADSW) 2023, which is held on January 14-19, 2023, under the patronage of UAE President HH Sheikh Mohamed bin Zayed Al Nahyan.
According to the agreement, SCAD would support DoE ......read more
Abu Dhabi, January 17, 2023 – Abu Dhabi Exports Office (ADEX), - signs an agreement with the Korea Trade Insurance Corporation (K-SURE), on the sidelines of the UAE-Korean Business Forum, organized by the Abu Dhabi Chamber of Commerce & Industry. His Excellency Yoon Suk-yeol, President of South Korea, was present at the event.
The agreement aims to promote Emirati exports, drive investment, and explore fresh opportunities to carry out partnership projects, especially in the field of hydrogen, nuclear and renewable energy, and electric vehicles, thus increasing the volume of trade between the UAE and South Korea.
The agreement was signed by His Excellency Mohamed Saif Al Suwaidi, the Director General of Abu Dhabi Fund for Development and Chairman of the Exports Executive Committee of the Abu Dhabi Exports ......read more
• EMPOW, the Sporty Sedan by GAC Motor makes debut in UAE and Middle East Market
• Customers can expect an exhilarating drive packed with advanced smart features, stunning racecar design and ultimate handling
• GAC Motor was the first ever Chinese brand to take part in the Gumball 3000, the world's most extravagant car rally
Abu Dhabi-UAE, January 2023: Gargash Group, one of the largest distributors of luxury performance-oriented cars in the UAE, today unveiled the all-new GAC EMPOW at an invite-only event held at the Yas Marina Circuit. where attendees got up close and personal with the new model.
The all-new EMPOW continues on GAC Motor’s tradition and is built to deliver an exhilarating drive packed with advanced smart features, stunning racecar design and ......read more
• The UAE’s Ambassador and Permanent Representative to the United Nations shed light on the UAE’s progress and achievements over the past year on the UNSC
05, January 2023 – Abu Dhabi, United Arab Emirates: The Anwar Gargash Diplomatic Academy (AGDA), the UAE’s leading diplomatic centre that trains and prepares current and future diplomats, yesterday hosted Her Excellency Lana Nusseibeh, Assistant Minister of Foreign Affairs and International Cooperation for Political Affairs and Permanent Representative of the UAE to the United Nations, in an eye-opening discussion that reflected back on the progress achieved during the UAE’s first year on the United Nations Security Council.
The discussion, which was moderated by His Excellency Nickolay Mladenov, Director General of ......read more
- The MoU aims to enhance cooperation to establish Abu Dhabi’s position as a global destination for major events and conferences
Abu Dhabi, UAE - 3 January 2022: ADNEC Group has signed a cooperation agreement with the Emirates Center for Strategic Studies and Research (ECSSR), to enhance cooperation and support the conference and events sector specializing in defense, security.
The agreement was signed at ECSSR’s headquarters, in the presence of His Excellency Dr. Sultan Mohammed Al-Nuaimi, Director General of the ECSSR, Humaid Matar Al Dhaheri, Managing Director and Group CEO of ADNEC Group, and senior officials from the two sides.
His Excellency Dr. Sultan Mohammed Al-Nuaimi, Director General of the ECSSR, said: “We are pleased of our collaboration with ADNEC Group, which has a ......read more
His Highness Sheikh Theyab bin Mohammed bin Zayed, Member of the Executive Council, oversaw the partnership signing between Nassar Al Mubarak from RLM, Martin Edlund, CEO of MNM, and Professor Dr. Eric Xing, President of MBZUAI
Abu Dhabi, January 03, 2023 – His Highness Sheikh Theyab bin Mohammed bin Zayed, Member of the Executive Council witnessed the Malaria No More (MNM) announcement of the expansion of its climate and health initiative, Forecasting Healthy Futures, through a new 3-year, US$5 million award from the Reaching the Last Mile initiative (RLM).
Forecasting Healthy Futures (FHF) is a consortium of leading health and technology organizations working to prevent the effects of climate change from hindering progress toward disease elimination. Launched in 2020 through seed ......read more
AD Ports Group Achieved Global Expansion and Record Results in First Year as Publicly Listed Entity
Abu Dhabi, UAE, 1 January 2023: AD Ports Group delivered on its commitment to produce remarkable results and extend its international reach in its first year as a publicly traded company, with 2022 becoming one of the most important years in the company’s storied history so far.
The year started with the listing of AD Ports Group’s shares for the first time on Abu Dhabi Securities Market (ADX) and continued with remarkable achievements through to December 2022, when it was honoured to welcome His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, to inaugurate the expansion of Khalifa Port. The expansion works position Khalifa Port among the global elite of deep-water ports, with an estimated value ......read more
New 50,000 sqm facility will help Dana Steel replace imported raw materials with ‘Made in UAE’ supply
Abu Dhabi, UAE – 30 December 2022: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the integrated trade, logistics, and industrial hub of Abu Dhabi, has signed a preliminary agreement with Dana Steel, the flagship manufacturing unit of industrial conglomerate Dana Group, for the establishment of its first hot and cold rolling steel complex in Abu Dhabi.
Under the terms of the agreement, Dana Steel will invest to develop a 50,000 square metres facility in KEZAD. The new complex will facilitate backward integration of the company’s continuous galvanising and continuous colour coating lines and will have 500,000 Metric Tonnes Rolling Capacity. This approach will help boost Dana Steel’s ......read more
• The four-day event will offer more than 25 sessions aimed at finding solutions in fraud detection, gene mapping, and fake news.
• The event will bring together more than 200 global experts in machine learning, applied mathematics, signal processing and optimization to discuss advances in their fields, artificial neural networks, and ways to strengthen deep learning.
• Co-chaired by AI leaders Yi Ma (UC Berkeley) and Eric Xing (MBZUAI)
Abu Dhabi, UAE - December 29, 2022: Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), will hold its first AI Quorum of 2023 on January 3-6, with more than 200 AI experts confirmed to join. The four-day event is focused on challenges and opportunities related to deep neural networks (DNN), which are key in helping computers have the resources and ......read more
The integrated Metal Park will help leading companies adapt to market demand without infrastructure constraint
Abu Dhabi, UAE – 26 December 2022: Senior executives from Khalifa Economic Zones Abu Dhabi – KEZAD Group, the integrated trade, logistics, and industrial hub of Abu Dhabi, have attended the ground breaking of Metal Park Investment ME LTD’s integrated Metal Park in Abu Dhabi.
Covering a total land area of 450,000 square metres, the upcoming Metal Park in KEZAD will be equipped with state-of-the-art facilities to support storage and handling, processing, and fabrication activities, in addition to offering access to research and development amenities, rental office space, and associated financial services all in one location.
Membership will enable Metal Park Investment ME ......read more
- Al Mehyas earns three awards, including Insurance Personality of the Year
- Daman wins two awards for its commitment to digital innovation and CSR.
Abu Dhabi, UAE; 22 December 2022: The National Health Insurance Company – Daman has won five international awards that emphasise its best practices and exceptional performance across a range of fields, including health insurance, innovation, and social responsibility. Hamad Abdullah Al Mehyas, CEO of the National Health Insurance Company – Daman, won three awards in recognition of his leading role and contributions to the global insurance sector.
Daman earned two awards from Global Brands Magazine’s Global Brands Awards for 2022: the ‘Digital Insurance Innovation of the Year’ award, and the ‘Best Insurer for CSR Initiative’ ......read more
21, December 2022 – In line with its vision of building a world-class R&D hub in Abu Dhabi, ASPIRE, today announced four Visiting International Professorships (ViPs). With AED10 million of research funding, the program has attracted the highest-caliber researchers from leading global institutes to build international networks and further advance meaningful research in priority areas for the Emirate.
Khalifa University (KU) will host two ‘Established Researcher’ ViPs, who possess extensive international credentials in their research areas. Professor Hany Farag, with expertise in sustainable transport solutions, will join KU from York University, Canada. During his tenure at KU, he will collaborate on research focused on distributed energy resources, such as electric, gas, and hydrogen transport systems, to ......read more
• As part of ADNEC Groups important achievements for their Innovation Management in the events industry
• Further demonstrating the company’s level of excellence
Abu Dhai, UAE, 20th December 2022: ADNEC Group has been awarded the Kitemark Innovation Management Certification from BSI Auditor and are the first organisation globally within the events sector to achieve this, further showcasing the company’s level of excellence.
ADNEC was recognised for this important achievement for its Innovation Management in the events industry. THE BSI Kitemark for Innovation Management is a prestigious certification award that validates that an organisation has determined its vision, strategy, policy, and objectives, and has established the support and processes needed to achieve the intended ......read more
New facility to cover more than 43,000 square metres for 360-degree auction handling from transportation to minor repairs
Abu Dhabi, UAE - 19 December 2022: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the integrated trade, logistics, and industrial hub of Abu Dhabi, has signed a lease agreement with Euro Auctions Middle East, a subsidiary of the Euro Auctions Group, to establish its largest auction house in the region for industrial plant, construction equipment and agricultural machinery.
Under the agreement, Euro Auctions Middle East will expand its current UAE operations in KEZAD across a facility of more than 43,000 square metres, with site operations scheduled to commence in Q1 2023. By collaborating with Abu Dhabi Customs and KEZAD Group, Euro Auctions will also have a proportion of the yard ......read more
Abu Dhabi, UAE: 19 December 2022 – Emirates Development Bank, one of the key financial engines for the economic development and industrial advancement of the UAE, is pleased to announce its recognition for Best Micro Finance Bank in the Middle East by the Global Banking & Finance Awards.
The Global Banking & Financing Awards is a global and respected institution, honoring the top performers amongst banks and other financial services providers that stand out across certain categories of specialty. Through annually recognising companies of all sizes and financial institutions which are prominent in specific areas of expertise within the financial industry, the awards have become a trusted standard of excellence for the global financial community.
The Best Micro Finance Bank Middle East 2022 award falls under ......read more
59,000 sqm expansion project is designed to manufacture 100 percent eco-friendly biodegradable recycled kraft papers in Abu Dhabi
Abu Dhabi, UAE – December 16, 2022: Khalifa Economic Zones Abu Dhabi - KEZAD Group, the integrated trade, logistics, and industrial hub of Abu Dhabi, today announced the signing of a 50-year land lease agreement with speciality tissue manufacturer, Star Paper Mill, for the establishment of a new facility to manufacture recycled Kraft Paper Jumbo reels, diversifying the company’s product offering to serve a growing demand for biodegradable packaging papers in the UAE.
Under the agreement, Star Paper Mill in collaboration with RC Paper Machines, will expand its existing capacities with an investment of AED 200 million in a 59,000 square metre site in KEZAD to ......read more
• Ownership of Abu Dhabi Waste Management PJSC (Tadweer) transferred to ADQ from the Government of Abu Dhabi
• Transfer complements ADQ’s prominent energy and utilities portfolio and its efforts in supporting the nation’s circular economy
Abu Dhabi, 16 December 2022: ADQ, an Abu Dhabi-based investment and holding company, today announced the addition of Abu Dhabi Waste Management PJSC (Tadweer) to its energy and utilities portfolio. Pursuant to a law issued by the Ruler of Abu Dhabi, Tadweer was converted to a PJSC and full share ownership was transferred to ADQ from the Government of Abu Dhabi.
Tadweer joins ADQ's prominent energy and utilities portfolio, complementing its efforts in shaping the nation’s sustainable future and building an integrated portfolio of global champions ......read more
● A group of NYUAD faculty, researchers, and a student were involved in the development of the lunar rover’s instruments, selection of the landing site location, and will also provide support with data collection and analysis on the lunar surface once the mission is active
Abu Dhabi, UAE, December 12, 2022: The UAE has officially embarked on its much anticipated lunar mission, making it the first-ever Arab country to reach this milestone. The Mohammad Bin Rashid Space Centre’s (MBRSC’s) lunar rover, Rashid, has launched from Cape Canaveral, Florida, through ispace's Hakuto-R lander as part of its program HAKUTO-R MISSION 1, with the journey to the moon estimated to take about four months.
Built by Emirati engineers and named in honor of Dubai's late ruler Sheikh Rashid bin ......read more
Abu Dhabi, United Arab Emirates, 12 December 2022: Emirates Development Bank (EDB), a key financial engine for the economic development and industrial advancement of the nation, and Abu Dhabi Commercial Bank PJSC (ADCB), the third largest bank in the UAE by assets, have announced the signing of a Memorandum of Understanding (MoU) to boost financial inclusion of small-to-medium sized enterprises (SMEs) through a joint credit guarantee scheme.
The partnership will enable SMEs in the UAE to have improved access to strategic financing options. Under the credit guarantee scheme, EDB will guarantee up to 50% of the finance facility extended to SMEs by ADCB. The scheme is in line with EDB’s mandate to provide AED 30 billion in financing towards the development of the UAE economy in 5 strategic sectors, of which AED 5 billion are ......read more
• Further establishing Abu Dhabi as a life sciences/biotech hub
• Accelerate research and development for the region
The facility in Khalifa Economic Zone Abu Dhabi (KEZAD) is set to boost national and international drug security efforts
Abu Dhabi, UAE, December 9, 2022 - Hayat Biotech, the UAE based biotechnology leader, announced the completion of construction of its purpose-built Life Sciences Park. The state-of-the-art facility is in the Khalifa Economic Zone Abu Dhabi (KEZAD). The new plant is a research and development hub for advanced clinical research, biotechnology R&D, and vaccine and pharmaceutical production.
Hayat Biotech's flagship facility features 55,000 square meters of Greenfield production, a fully automated warehouse with a storage capacity of 72 million ......read more
Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) Signs a Partnership Agreement with ne’ma - The National Food Loss and Waste Initiative to determine Abu Dhabi's food loss and waste baseline indices
• Dr. Maryam Hareb Al Suwaidi “We aim to assess the current situation and develop indices for measuring food loss and waste on a regular basis”.
• Khuloud Al Nuwais: “We aim to establish the national food loss and waste indices in the Emirate of Abu Dhabi”.
Abu Dhabi, United Arab Emirates, 08 October 2022: Abu Dhabi Agriculture and Food Safety Authority (ADAFSA), signs a partnership agreement with “ne’ma” – the National Food Loss and Waste initiative in the United Arab Emirates, to work on developing a national baseline for measuring ......read more
- The MoU signings came as part of the Chamber’s participation in Abu Dhabi International Food Exhibition
Abu Dhabi, UAE - 8 December 2022: As part of its participation in the first edition of Abu Dhabi International Food Exhibition (ADIFE), the Abu Dhabi Chamber of Commerce and Industry (ADCCI) signed three Memoranda of Understanding (MoUs) with local and regional parties, including the Emirates Development Bank, Abu Dhabi Agriculture and Food Safety Authority (ADAFSA), and Arab Authority for Agricultural Investment and Development (AAAID). The MoUs come as part of the Chamber’s efforts to drive economic growth in Abu Dhabi and supporting investment in vital sectors.
The signing ceremony was attended by His Excellency Ali Saeed bin Harmal Al Dhaheri, First Vice Chairman of Abu Dhabi Chamber, ......read more
● The Empirical Methods for Natural Language Processing Conference (EMNLP 2022), organized by NYU Abu Dhabi and MBZUAI, will be held, both virtually and in-person, in Abu Dhabi from December 7-11
● The five-day conference will welcome key leaders from the artificial intelligence industry
Abu Dhabi, UAE, December 7, 2022: New York University Abu Dhabi (NYUAD), in partnership with Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), kicked off today, December 7, the 2022 Conference on Empirical Methods in Natural Language Processing (EMNLP), which will run until December 11.
Taking place in Abu Dhabi for the first time, leading voices in artificial intelligence will deliver keynote speeches. These include Mona Diab, lead AI research scientist with Meta, and Professor of Computer ......read more
Creates Abu Dhabi’s Largest Integrated Operators of Staff Accommodations with Combined Equity Value of approximately AED 7 billion
Abu Dhabi, UAE – 6 December 2022: AD Ports Group (ADX: ADPORTS) the leading facilitator of trade, logistics, and industry, today announced the merger of KEZAD Communities with Al Eskan Al Jamae LLC (“EAJ”) to create Abu Dhabi’s largest integrated staff accommodation company in which AD Ports Group will retain a controlling majority stake.
The combined entity will have an equity value of approximately AED 7 billion, positioning it as one of the largest such businesses in the UAE. For the 9 months ended 30 September 2022, revenue was AED 275 million for KEZAD Communities and AED 205 million for EAJ. For the 9 months ended 30 September 2022, ......read more
Abu Dhabi, 05 December 2022: The Abu Dhabi Securities Exchange (ADX) has been awarded by World Business Outlook for ‘Best Trading Securities Exchange - MENA 2022’ and ‘Best Trading Derivatives Exchange – MENA 2022’ for accomplishments since 2021.
ADX won the ‘Best Trading Securities Exchange - MENA 2022’ award for reaching a record market capitalisation of more than AED 2.6 trillion making it the second largest exchange in the Middle East. This follows the acceleration of ADX strategy to attract listings and diversify its investment products. During the year, the Exchange maintained a robust pipeline of IPOs and listings including Bayanat AI, ADNOC Drilling, Yahsat and Burjeel. The exchange is today also home to eight Exchange Traded Funds (ETFs), making it the largest and most liquid ......read more
• Amazon Omics is the latest addition to AWS’s growing AWS for Health suite
• It integrates data of individuals with their medical history to deliver more personalized care
• The solution uses purpose-built data stores to support large-scale analysis and collaborative research across entire populations
Abu Dhabi, UAE – December 5, 2022 : Amazon Web Services (AWS), an Amazon.com company (NASDAQ: AMZN), has announced the launch of its newest addition to AWS’s growing AWS for Health suite of purpose-built services. Amazon Omics supports large-scale analysis and collaborative research, without customers needing to worry about provisioning the underlying infrastructure.
With Amazon Omics, users can devote more time to science and improving health while knowing that the ......read more
• Expanding their footprint across GCC
• Consolidating bilateral relations between India and the UAE
• Launch of the Emerging Fund Managers Fellowship for first and second time fund managers globally
Standing (L to R) Rajiv Sehgal (Chief Strategy Officer, ADGM), Prashanth Prakash (Founding Partner, Accel Partners & Founding Board Member, 256 Network ) Dhaher bin Dhaher (CEO of Registration Authority, ADGM), (Pankaj Gupta, Co-founder and Co-CEO of Gulf Islamic Investments & and Founding Board Member, 256 Network GCC Chapter) & Hamad Al Mazrouei (COO, ADGM) Sitting (L to R) Dhruv Sehra (Founder and CEO, 256 Network), Saeed Al Khoori, (Director of Sovereign and Strategic Partnerships, ADGM)
Abu Dhabi, United Arab Emirates, 5 December 2022: ......read more
H.E. Saeed Al Suwaidi, Managing Director of Abu Dhabi Distribution Company, said: “Half a century ago, seven emirates came together to form a nation driven by a commitment towards progress and innovation. Guided by the vision of the UAE’s exceptional leadership, the country has made great strides in laying the foundation to ensure a safe, secure and prosperous tomorrow for all citizens and residents. On National Day, Abu Dhabi Distribution Company congratulates our wise leadership and the people of the UAE. We will continue to build on our many achievements, promoting excellence and innovation to ensure a sustainable future for all.”
Abu Dhabi, UAE, 24 November 2022: The Abu Dhabi Businesswomen Council received a delegation from the Women’s League of Central Asia (Kyrgyz Republic) to promote the development and diversification of economic and bilateral partnerships between women entrepreneurs in Kyrgyzstan and the United Arab Emirates.
The meeting was attended by Her Excellency Asma Al Fahim, Chairwoman of the Abu Dhabi Businesswomen Council; H.E. Noor Al Tamimi, member of the Abu Dhabi Business Women Council, among other representatives of Abu Dhabi’s private sector.
The delegation from Kyrgyzstan included Mr. Marat Sharshekeev, President of Chamber of Commerce and Industry of the Kyrgyz Republic; Mrs. Elmira Bataeva, Vice President of Chamber of Commerce and Industry of the Kyrgyz Republic; Mrs. Asel Atabekova, Chairman of the ......read more
November 23, 2022 — With 115 statues in total, including 3 Grand, Ogilvy earned the highly sought-after title of LIA Global Network of the Year. Three of the network’s regions were also awarded as Regional Network of the Year: Asia, South America and Europe.
Across EMEA, Ogilvy won 51 statues across six markets, with DAVID Madrid taking home the Regional Agency of the Year accolade. Impactful work from the region was championed with Golds being presented to campaigns for Dove’s ‘Toxic Influence’ and Relate’s ‘The Hornicultural Society’ by Ogilvy UK, Activision’s ‘Scratchboards’ and Burger King’s ‘Even more confusing times’ by DAVID Madrid. Further statues were won by Ogilvy Italy, Greece, Africa and South Africa.
Celebrating the success ......read more
Collaboration to focus on mapping the full potential for solarisation across KEZAD Group’s built assets
Abu Dhabi, UAE – 21 November 2022: Khalifa Economic Zones Abu Dhabi - KEZAD Group, the integrated trade, logistics, and industrial hub of Abu Dhabi and a subsidiary of AD Ports Group, announces an agreement with TotalEnergies Renewables Distributed Generation Middle East & Africa, an affiliate of TotalEnergies, to explore opportunities to solarise assets across KEZAD’s industrial ecosystem.
TotalEnergies’ Renewables Distributed Generations develops, finances, builds and operates solar installations for industrial and commercial customers (I&C). This year, TotalEnergies’ reached 500 MW of onsite business-to-business solar distributed generation projects in operation ......read more
Agreement covers the development and operation of a steel pipe production facility in KEZAD, covering close to 96,000 square metres
Abu Dhabi, UAE – 16 November 2022: Leading UAE steel pipe manufacturer and exporter, AJ Steel, has signed an agreement with the integrated trade, logistics, and industrial hub of Abu Dhabi, Khalifa Economic Zones Abu Dhabi - KEZAD Group, for the development and operation of a large-scale steel pipe production facility in Abu Dhabi, to meet growing consumer demand.
Under the agreement, AJ Steel will expand its current operations in KEZAD through the development of a plot covering close to 96,000 square metres, which will bring its total to 200,000 square metres of leased land under industrial use.
The signing, which took place at ADIPEC 2022, follows the recent launch of a ......read more
• Q3 Revenue grew by 53% YoY to AED 1,466 million driven by the Maritime and EC&FZ clusters
• Q3 EBITDA surged 52% YoY to AED 594 million, implying an EBITDA margin of 40.5%
• Q3 Net Profit jumped 77% YoY to AED 334 million
• Organic CapEx remained high, with AED 1.6 billion spent in Q3 and AED 4.2 billion for 9M 2022 as per plan
• Ports Cluster container volumes grew 31% YoY for Q3 (+28% YoY for 9M 2022), on the back of increased capacity and higher utilization rate of 54% for Q3
• Net additions of new land leases of 0.4 sq km in Q3 (4.2 sq km for 9M 2022)
• SAFEEN Feeders container volumes increased 34% YoY in Q3 (+27% for 9M 2022)
• Maritime Cluster Q3 2022 revenue was up +408% YoY to AED 676 million, driven by new business segments and ......read more
Connected Capacity and profits increase, while Tabreed expands its international presence
Third quarter saw changes to Foreign Ownership Limits and major new deal signing in Egypt
Abu Dhabi, United Arab Emirates – 15 November 2022: Tabreed, the UAE’s leading district cooling provider, yesterday released its consolidated financial results for the first nine months of 2022, reporting an EBITDA of AED 912 million – an 18% increase over the same period last year – and a net profit of AED 400 million, representing a 3% increase.
During the past three months, Tabreed made two significant announcements. On 13 September, it was confirmed that shareholders voted to harmonise with recent UAE changes to commercial law by increasing its Foreign Ownership Limit (FOL) to 100% – a ......read more
The partnership agreement will see Castore Sportswear serve as the Official Apparel Partner to Abu Dhabi Motorsports Management (ADMM) – as well as providing apparel to the award-winning motorsports event team at Yas Marina Circuit from 2023
Yas Marina Circuit, Abu Dhabi, UAE, 11 November, 2022: Abu Dhabi Motorsports Management has today announced an official ......read more
Route Provides Fastest Access to Cities of Jeddah and Port Sudan, Positioning Abu Dhabi’s Khalifa Port as Key Regional Cargo Connection
Abu Dhabi, UAE, 10 November 2022: As part of its ongoing expansion of international routes, AD Ports Group’s SAFEEN Feeders has officially launched its UAE-Red Sea service to all customers, with the inclusion of Fujairah Terminals and ......read more
- During a press conference held at Abu Dhabi Chamber, in the presence of the higher committee of the Award
Abu Dhabi, UAE, 8 November 2022: The Office of the Sheikh Khalifa Excellence Award, an initiative by Abu Dhabi Chamber of Commerce and Industry, announced today the launch of the 21st cycle of the Award. Registration will be open from November 2022 to 30 June 2023, with the ......read more
7 November 2022 – Abu Dhabi, United Arab Emirates: Abu Dhabi Airports has signed a memorandum of understanding with leading French engineering and operations firm Groupe ADP to explore the potential of Advanced Air Mobility (AAM) in Abu Dhabi, a new concept of air transportation which uses electric vertical take-off and landing (eVTOL) aircraft to move people and cargo.
The ......read more
Abu Dhabi, 31 October 2022: Bayanat AI PLC, one of the region’s leading high-growth AI-powered geospatial solutions businesses, has today made its trading debut as the first company to list under the technology sector on the Abu Dhabi Securities Exchange (ADX) after its successful IPO. It is trading under the trading symbol BAYANAT.
Abu Dhabi-based Bayanat’s IPO will support the ......read more
Abu Dhabi, UAE, 28 October 2022: Marks an important day for UAE maritime as the region’s first class-built Uncrewed Surface Vessel (USV) entered the water. The 12 m Blue Essence USV was launched at Mugharraq port and sailed to its new home in Al Mirfa, Abu Dhabi, by Fugro’s control and command centre in the UAE. The Al Mirfa port will be the home to the Fugro Pegasus during the ......read more
Strong Demand for Premium LG Home Appliances and Auto Parts
Drives Highest Quarterly Revenue in Company History
October 28, 2022 – LG Electronics Inc. (LG) announced third-quarter 2022 consolidated revenues of KRW 21.2 trillion, an increase of 14.1 percent from the same quarter last year and the highest quarterly revenue in the history of LG Electronics. Operating profit for the third ......read more
Abu Dhabi, October 26, 2022: ‘Masaood Village Facilities Management’, a division of Al Masaood Group that provides cost effective accommodation and catering solutions, has been recertified for ISO 22000:2018 and rewarded ISO 9001:2015 certification, highlighting its commitment to maintaining the highest performance standards in its operations, including food safety and service ......read more
• Proposed combination of Etihad Engineering, AMMROC and GAL with Abu Dhabi Aviation to create a globally competitive Aviation Services and Maintenance, Repair & Overhaul (MRO) business primed for future growth
• Combined operator to capture greater synergies through integrated service offerings to aviation customers at scale with increased access to highly skilled labor, ......read more
Abu Dhabi, UAE – 14 October 2022: The Abu Dhabi Businesswomen Council held its first meeting in 2022, which was led by the Chairwoman of the Council Her Excellency Asma Al Fahim. The meeting addressed the Council’s strategic objectives and creative initiatives for the upcoming period to enhance women’s contribution to the sustainable economic development in the Emirate of Abu ......read more