Tag: UAE Business News
First Abu Dhabi Bank to separate payments business in 2021
One of the largest banks in the UAE, First Abu Dhabi Bank (FAB) has decided to create a separate subsidiary to run its existing...
Mubadala acquires stake in regional AI firm Group42
Mubadala, the Abu Dhabi-based sovereign investment company will invest in the Abu Dhabi-based artificial intelligence and cloud computing firm Group42 or G42 through the...
Abu Dhabi’s Hub71 welcomes 19 new startups
The global tech ecosystem of Abu Dhabi, Hub71 has announced the latest cohort of startups chosen to join its rapidly increasing startup community, with...
Nasdaq Dubai lists $600mn ICD Sukuk
One of the region's prominent stock exchanges, Nasdaq Dubai has welcomed the listing of a $600 million Sukuk by the Islamic Corporation for the...
DEWA attracts $10bn investment through PPI Model
Dubai Electricity and Water Authority (DEWA) has attracted an investment of $10 billion (Dh40 billion) from the Independent Power Producer (IPP) model and its...
UAE cabinet approves $15bn Budget for economic development
The UAE Cabinet approved the 2021 federal budget with an estimated amount of $15 billion (Dh58 billion) for the development of the economy.
His Highness...
Abu Dhabi Securities Exchange elects new CEO
Abu Dhabi Securities Exchange (ADX) has appointed former Taqa chief executive Saeed Hamad Al Dhaheri as its new chief executive officer.
The selection of Mr....
Industrial sector is critical for economy; Ajman Chamber
The Ajman Chamber of Commerce and Industry (ACCI) organized a panel discussion under the title 'Manufacturing and Mining Industry' to enhance services for the...
