Abu Dhabi, UAE – Etihad Airways, the national airline of the United Arab Emirates, is expanding its fleet by confirming an order for 28 wide-body Boeing aircraft. This order is part of the airline’s long-term strategy to double its size by 2030, reflecting Etihad’s commitment to align its fleet with changing network and operational needs....
Bitgrit, a prominent global AI startup, has officially launched a Distributed Ledger Technology (DLT) Foundation under the regulatory framework of the Abu Dhabi Global Market (ADGM). This significant milestone paves the way for the introduction of their BGR Network, which is recognized as one of the world’s first Web3 protocols aimed at democratizing AI ownership,...
Neuralink, the brain-chip startup founded by Elon Musk, has officially launched its first clinical trial in the Middle East, known as UAE-PRIME. This trial will take place at Cleveland Clinic Abu Dhabi in partnership with the Department of Health – Abu Dhabi (DoH). Abu Dhabi will be the first international site outside of North America...
Abu Dhabi Future Energy Company PJSC, known as Masdar, has initiated the launch of $1 billion in dual tranche no-grow Reg S senior unsecured bonds. These bonds will have tenures of 5 and 10 years, reflecting Masdar’s commitment to financing renewable energy projects. The issuance is being managed by a group of joint lead managers...
Qatar Airways has announced that it will now operate three daily flights from Abu Dhabi to Doha. This move comes as part of the airline’s efforts to enhance connectivity between the two cities and facilitate travel for passengers. In addition to the new flights, the airline is also focusing on improving its overall passenger experience....
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, is heading a high-level delegation from the UAE to Kazakhstan. The purpose of this official visit is to explore opportunities for enhancing cooperation between the two nations. Credit: WAM Sheikh Khaled is visiting Kazakhstan at the invitation of President...
Abu Dhabi is enhancing its environmental protection efforts by implementing a new regulation aimed at improving preparedness and response to environmental emergencies. This regulation empowers the Environment Agency – Abu Dhabi to react swiftly to incidents of pollution affecting air, sea, or land. The regulation applies to all facilities and projects within Abu Dhabi that...
International Holding Company (IHC), recognized as one of the UAE’s most valuable listed companies, has teamed up with BlackRock, the world’s largest asset manager, to establish a $1 billion reinsurance company. The new entity, which is still unnamed, will be supported by over $1 billion in initial equity commitments and aims to target $10 billion...
Abu Dhabi investment firm International Holding Company (IHC) has joined forces with BlackRock to establish a reinsurance platform valued at $1 billion, which will be based in the Abu Dhabi Global Market (ADGM). The partnership aims to incorporate additional hybrid and debt financing into the venture. The unnamed platform will offer underwriting capabilities and will...
Experts are optimistic about the impact of the planned Disney theme park on Abu Dhabi’s real estate market. They believe that the attraction will significantly increase demand for housing on Yas Island, leading to higher property values and rental rates for homeowners and landlords in the area. As the theme park is set to attract...