Abu Dhabi has strengthened its status as one of the world’s leading cities for quality of life, safety, and happiness, according to the latest findings from the fifth Quality of Life Survey conducted in 2024 by the Department of Community Development — Abu Dhabi (DCD). The survey revealed that an impressive 93.6% of residents feel...
China has approached the United Arab Emirates (UAE) to explore a potential bilateral free trade deal, according to UAE’s trade minister, Thani Al Zeyoudi. This announcement follows the recent launch of EU-UAE talks aimed at establishing a similar trade agreement. Since 2021, the UAE has been actively pursuing various bilateral trade, investment, and cooperation agreements,...
The Abu Dhabi Department of Energy and Khalifa University of Science and Technology have signed a Memorandum of Understanding (MoU) to improve collaboration in research, development, and innovation within the water and energy sectors. This agreement was formalized during the “World Utilities Congress 2025,” taking place at ADNEC Abu Dhabi, which will continue through May...
Abu Dhabi Commercial Bank (ADCB) successfully issued a five-year Formosa bond worth $600 million, priced at SOFR plus 100 basis points. This pricing aligns with the final guidance provided to investors. A banker involved in the deal noted that floating-rate tranches are particularly appealing to investors, especially bank treasuries. The five-year tenor is seen as...
Abu Dhabi’s sovereign wealth fund, Mubadala, has started taking orders for 10-year U.S. dollar-denominated Islamic bonds, also known as sukuk. This initiative was reported by the fixed income news service IFR on May 28. Mamoura Diversified Global Holding, which is the entity through which Mubadala accesses debt markets, has provided initial price guidance of approximately...
Dubai Electricity and Water Authority (DEWA) is participating in the fourth edition of the World Utilities Congress 2025 as a Supporting Sponsor. At this event, DEWA is highlighting its significant projects and achievements aimed at diversifying energy sources and supporting the Dubai Net Zero Carbon Emissions Strategy 2050, which aims to meet 100% of the...
Practo, an Indian digital healthcare platform, has officially launched its services in the United Arab Emirates, allowing users in Abu Dhabi, Dubai, and Sharjah to book appointments with verified doctors. This development enables access to patient reviews, aiding in informed decision-making for users seeking medical care. With over 17 years of experience in healthcare technology,...
Cebu Pacific (CEB), the leading airline in the Philippines, has signed a Memorandum of Understanding (MoU) with flyadeal, Saudi Arabia’s rapidly growing low-cost airline. This agreement was established to explore various strategic commercial initiatives aimed at enhancing cooperation between the two carriers. The first phase of the MoU includes flyadeal leasing two Airbus A320 aircraft...
His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of Bahrain, met with Singapore Prime Minister Lawrence Wong during his official visit to Malaysia. The two leaders discussed the ongoing development of bilateral relations, emphasizing their commitment to enhancing cooperation between Bahrain and Singapore. Prince Salman highlighted the significance of...
Binghatti Holding, a prominent real estate developer based in Dubai, has announced the acquisition of a freehold land plot that boasts over 8 million square feet of gross floor area. This land will be used to develop the company’s first large-scale master-planned residential community, as stated by the company on Wednesday. The anticipated value of...