ADNIC in its earnings release reported its underwriting profitability continued to be robust with a combined ratio of 87.60 per cent and a net insurance service profit of Dhs178.1m
The change, which follows directives from the Abu Dhabi Executive Council, is set to take effect from September 1
Qusai Kankazar, chief operations officer of AD Ports’ Logistics Cluster, tells us how the group is growing its global presence while bolstering its regional operations
The property is being developed to combine the comforts of a home and the convenience of a hotel and easy access to Saadiyat Island’s attractions
The Asia Pacific region is amongst the main international markets for the company due to its popular solutions, which includes Thuraya’s MarineStar
The banking group has closed senior financing transactions worth more than GBP650m over the past five years
The partnership expands Abu Dhabi’s global connectivity through daily flights to Paris
The importance of joint action to ensure peace and stability in the Middle East was discussed at the meet
The project’s financing will reduce energy import dependency, stimulate economic activities, develop existing industries and create job opportunities for the population
The project seeks to increase ethane extraction from the company’s existing onshore facilities in the Habshan complex
The new project will use advanced technology to sustainably cultivate tomatoes and cucumbers year-round in the UAE
The airport welcomed 10,258,653 passengers during the first half of the year
The group’s revenues in the six months to June 30 surged by 10.3 per cent year-on-year to Dhs2.2bn
The airline will operate flights to Boston four times a week with its Boeing 787-9 Dreamliner aircraft
The proposed transaction would create one of the largest real estate, hospitality, events and catering platforms in the region
The telecom company announced it was acquiring 63.3 per cent of the peer-to-peer lending platform in May
The expansion plan includes the establishment of Cranleigh Bahrain and the acquisition of Kent College Dubai and Virginia International Private School in Abu Dhabi
Al Saadiyat Island topped the list with transactions worth Dhs3bn, with Yas Island coming in at second place with transactions worth Dhs2.6bn
Carbon markets are witnessing a shift, with new guidelines and greater oversight after a boom in demand
The bank reported strong growth numbers as its retail and corporate businesses reflected growth and diversification in business
The Presidential Court declared a three-day official mourning period for Sheikh Saeed bin Zayed with flags flown at half-mast
The wind farm will have an anticipated annual production capacity of 1.9 terawatt-hours, enough to power 475,000 homes
Four million passengers will fly with Etihad over the summer months via its home base in Abu Dhabi
The banking group’s operating income reached Dhs6.8bn in Q2 2023, a 37 per cent YoY increase from the same period a year earlier
The bank said its strong performance was driven by broad-based income growth and improved efficiency metrics
The ready-to-move-in accommodations provide fully managed long-term housing rental spaces for professionals
It will begin operations on the route from October 29, 2023
Motorists will not have to pay public parking fees and toll charges on July 21
This represents a robust rise of 363 per cent compared to the same period in 2022
According to ADCDA, a fine will be imposed in case of the absence of a civil defence licence or a certificate of compliance with fire safety and prevention requirements