ADQ, the Abu Dhabi-based investment and holding company, has become an investor alongside Bank of Montreal (BMO) in Canadian alternative asset management company Sagard. ADQ and BMO have respectively …
UAE’s Jaber urges Big Oil to step up its climate game
The United Arab Emirates’ incoming COP28 president urged the energy industry on Thursday to “step up its game” towards building a clean energy system. Oil and gas firms need to achieve net-zero emissions by or before 2050 while an industry-wide commitment to reach near-zero methane emissions by 2030 needs to be accelerated,
UAE plans to triple its solar capacity before 2030: Minister Suhail Al Mazrouei
The UAE plans to triple its solar capacity before 2030. Energy and Infrastructure Minister Suhail Al Mazrouei tells CNBC’s Dan Murphy after the country announced its plans to invest $54 billion in a net-zero push.
United Arab Emirates (UAE) leaders congratulate President of Comoros on Independence Day
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Azali Assoumani of Comoros on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum,
Russia to cut oil exports by 500,000 barrels per day in August, oil rises
Russia will cut oil exports by 500,000 barrels per day (bpd) in August, President Putin’s point man on oil said on Monday, as Moscow seeks to nudge up global oil prices in concert with Saudia Arabia.
Dubai: Gyms to be star-rated as new system is announced
Fitness centres and gyms in Dubai will be star-rated as per a new system announced on Thursday. The Dubai Sports Council said the first-of-its kind classification system will rate centres with a …
Hedge Fund Verition Joins Global Peers Setting Up in Dubai
Verition Fund Management is opening an office in Dubai, joining industry heavyweights Millennium Management and ExodusPoint Capital Management who’ve recently expanded to the emirate. Most Read from …
Cable cars, waterfalls, more greenery: This is how Dubai will look by 2040
Emirate launched its first urban plan back in 1960 and is currently in the process of realising its 7th development plan …
A Dubai Mansion With 700,000 Sheets of Gold Leaf
A gilded mansion in Dubai is now the city’s priciest listing. Decorated with 700,000 sheets of gold leaf and 160 columns, the mansion is listed for AED 750 million (US$204.2 million).
Soaring demand helps Dubai top list for luxury property transactions
Soaring demand for luxury homes has propelled Dubai above the more established centres for prime property for the first time, as the Gulf’s business hub post-pandemic rebound continues to attract the …
UAE Property: ‘I want to renew my lease despite agreeing to vacate’
Question: I have been renting an apartment in Dubai for three years. My contract ends in August. Last year, while making the current tenancy contract, my landlord added a clause under “additional …
The only hotel in UAE to run on 100% renewable electricity
FIVE Palm Jumeirah and FIVE Jumeirah Village become first hotels to purchase i-RECs from DEWA’s Mohammed bin Rashid Al Maktoum Solar Park to achieve 100% renewable electricity for 2022. The only hotel …
Abu Dhabi Customs launches new corporate identity
The new identity is in line with Abu Dhabi’s aim of consolidating its position as a world-class customs authority while achieving the emirate’s goal of sustainable development …
Abu Dhabi Islands project: RFP deadline set for Q4 2023
A total of 41 companies and consortiums had submitted EOIs of which 19 have qualified for the RFP stage. Abu Dhabi Islands project: RFP deadline set for Q4 2023. abu dhabi, Abu Dhabi Islands Reverse …
Abu Dhabi’s ADQ, Canada’s Bank of Montreal to acquire minority stakes in Sagard
Abu Dhabi state holding firm ADQ and Canada’s Bank of Montreal plan to acquire minority equity stakes in Sagard, a global multi-strategy alternative asset management firm with $14.5 billion in assets, …
UAE Corporate Tax: Less than half of businesses prepared to comply with new rules, report says
UAE businesses face challenges in understanding and complying with the new corporate tax framework, survey finds UAE Corporate Tax: Less than half of businesses prepared to comply with new rules, …
UAE: Continental Investments LMD and Finance House solidify partnership
The signing of the agreement was witnessed by Mohammed Abdullah Alqubaisi, founder of Finance House, Ahmed Sabbour, chairman of LMD, and Eng. Amr Sultan, CEO of Continental Investments LMD, alongside …