Abu Dhabi

Lulu Retail’s IPO raises $1.72 billion, share price set at $0.56

The offering garnered aggregate demand exceeding $37 billion from local, regional, and international investors

ADIPEC 2024: Industry leaders highlight AI’s critical role in sustainable energy future

Experts debate AI’s role in boosting efficiency, enhancing resilience and unlocking investment while addressing its environmental impact

ADIPEC 2024: Microsoft supports energy transition towards more sustainable future 

The booth features a Surface Zone and demo arena for attendees to explore Microsoft’s solutions for operational and environmental goals 

ADIPEC 2024 sees calls for accelerating innovation to fast-track energy transformation

ADIPEC 2024 explores the role of policy and cross-border cooperation in shaping the energy transition and expanding access to climate technologies

New taxi-sharing pilot service between Dubai and Abu Dhabi to reduce fares by up to 75 percent

The fare will be AED132 per passenger when two riders share the taxi and AED88 when three passengers travel together

Lulu Retail IPO size increased to 30 percent on ADX

The offer price range remains unchanged, set between AED1.94 and AED2.04 per share

Etihad Airways’ Airbus A380 returns to Paris

Together, the A380 and Boeing 787-9 Dreamliner will offer nearly 5,000 seats weekly, significantly boosting connectivity between the two capitals

ADIPEC 2024: Dr. Sultan Al Jaber highlights AI, data centers’ impact on global energy systems

In the next six years, data centers will more than double, requiring at least 150GW of installed capacity by 2030 and double that again by 2040

Sheikh Khaled, Microsoft vice-chair discuss cooperation in AI, energy and climate

Meeting explored ways to further utilize Microsoft's expertise in tech and AI to support the UAE and Abu Dhabi’s ambitions in clean energy transition

ADGM launches new ‘Path to Forward’ brand identity

The new brand resonates with the financial centre’s growth, resilience, and optimism 

ADIPEC 2024 to feature AI zone with breakthrough solutions for AI energy needs, emissions

The AI zone will include the Energyai Conference, Creative AI Lab, Reskilling Lab and an immersive AI showcase

Alpha Dhabi records $3 billion net profit in 9 months

The Group achieved revenue of $12 billion, representing a 36 percent year-on-year increase 

81.4 percent of Japan’s oil imports sourced from UAE, Saudi Arabia in September 

UAE stood out with 31.33 million barrels, while Saudi contributed 27.98 million barrels 

UAE’s non-oil sector projected to grow between 4 percent and 5 percent in 2025: IMF

The country's economic growth is projected to lead region in 2025, says Dr. Azour

ADNOC, DMT partner to advance infrastructure and community services with AI in Abu Dhabi

Agreement builds on ADNOC’s longstanding strategic partnership with the DMT in establishing community service centers

764 major deals drive $15.79 billion in Abu Dhabi, Dubai bourses this year

At ADX, there were 549 transactions, encompassing 16.6 billion shares valued at AED55.4 billion

Sheikh Zayed Festival commences tomorrow: 120 days of diverse activities and events in Abu Dhabi

On the first day, the public will enjoy an extensive lineup of interactive and unique entertainment, including an opening parade

US customs pre-clearance facility moves to Abu Dhabi’s Zayed International Airport

New pre-clearance facility eliminates the need for lengthy queues upon arrival in the U.S.

ADNOC Distribution reports record high earnings at $790 million

ADNOC Distribution exceeded 11 billion liters in total fuel volumes, marking the highest-ever nine-month volumes

Air Arabia Abu Dhabi to introduce new direct flights to Russia’s Yekaterinburg starting December 27

This new non-stop service will run twice weekly, offering convenient access between Zayed International Airport and Koltsovo International Airport

Aldar net profit surges 52 percent to $1.25 billion as development sales reach $6.53 billion

Overseas and expat resident customer base now accounts for 76 percent or AED15.3 billion of Aldar's UAE sales

Abu Dhabi Crown Prince Sheikh Khaled visits semiconductor maker GlobalFoundries in Singapore

Mubadala invested in GlobalFoundries in 2009, anticipating the growth of chips as an enabling technology for the modern era

Modon Holding partners with LuLu to develop retail facilities in UAE, Egypt

The two entities will identify prime retail locations, implement smart innovations, enhance logistics, and improve customer experiences