Sami Zaatari, Staff Reporter

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Aldar to manage new Dh30b worth of projects

Real estate developer signs MoU with ADQ to oversee projects worth Dh30 billion

The Aldar headquartrers in Abu Dhabi. Aldar Properties has signed a new Memorandum of Understanding (MoU) with ADQ, which will see Aldar taking over the management and development of government capital projects.

Excess oil supplies weigh down on prices

Oil markets are also keeping a close eye on upcoming elections

The oil port of Brega, Libya. Rising oil supplies in the face of reduced demand saw a weekly drop in oil prices, as market conditions continue to remain volatile due to the ongoing rise of COVID-19 cases.

Etisalat reports Dh2.4 billion profit in Q3

Group’s revenue stood at Dh13 billion during period with 149 million subscribers

Etisalat Group announced a net profit of Dh2.4 billion during the third quarter of this year, representing a healthy six per cent increase compared to last year.

UAE launches Shariah compliant export credit

Launch aims to boost UAE’s halal trade and is one of the first available in the region

Khalifa Port in Abu Dhabi. Etihad Credit Insurance (ECI), the UAE federal export credit company, has launched its Shariah-compliant export credit solutions under ‘ECI Islamic’ as it looks to boost the country’s halal export industry.

Abu Dhabi updates fines for energy companies

New fines for companies found in breach range from Dh2000 to Dh10 million

Abu Dhabi’s Department of Energy (DoE) has updated its list of violations and fines for companies operating in the emirate.

Tabreed raises $500m with new 7- year bond

Issuance was oversubscribed almost 5 times at its initial size of $400 million

A Tabreed facility. The company announced on Wednesday that it has raised $500 million with a 7-year, 2.5 per cent coupon bond issuance.

Khalifa Fund partners noon.com to support SMES

Abu Dhabi SMEs will receive preferential rates through noon.com

Khalifa Fund for Economic Development has joined up with noon.com – the largest GCC e-commerce company – to roll out a series of support programmes for SMEs.

Abu Dhabi economy to grow 5 per cent in 2021

Emirate will be among the fastest economies to recover from pandemic says official

Abu Dhabi is expecting to see a growth of five per cent next year, with the emirate’s economy well positioned for a strong rebound post COVID.

UAE's International Holdings buys into UK DNA firm

New investments in Oxford Nanopore will speed up building of manufacturing operations

Oxford Nanopore specialises in DNA sequencing, and has also built up speed in bringing out COVID-19 related testing capabilities. (Image used for illustrative purposes.)

ADQ launches Q Market Makers on ADX

QMM will be able to access funding allocated from Abu Dhabi’s economic stimulus package

Abu Dhabi holding company (ADQ) has announced the launch of its Q Market Makers (QMM) on the Abu Dhabi Securities Exchange (ADX), with the new market maker aiming to boost liquidity.

UAE’s ports see growth in operations

DP World and Abu Dhabi Ports say they are well positioned for a post COVID bounce back

Khalifa Port in Abu Dhabi. Increasing consumer demand along with a gradual return to global trade are starting to show signs of a recovery for the UAE’s leading port operators.

Cove Beach to open new venue in Abu Dhabi

Popular Dubai destination partners up with IMKAN for 300-metre beachfront on Reem Island

Cove Beach Abu Dhabi. Dubai’s popular Cove Beach is set to open its second location in the UAE at Abu Dhabi’s Makers District on Al Reem Island in partnership with developer Imkan Properties.

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