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Burjeel raises AED1.1bn from oversubscribed IPO

  Abu Dhabi / WAM Burjeel Holdings has announced the successful completion of the bookbuild and public subscription process for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). The price for the offering has been set at AED2.00 per ordinary share (the final offer price), and the offering size confirmed at 550,729,221 ordinary shares (offer shares), ...

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UAE continues to bolster domestic labour rights

  Abu Dhabi / WAM The UAE is continuing to establish legal rights frameworks to keep pace with its social values, such as tolerance and coexistence. Under this framework, Decree Federal Law No.9 for 2022 was issued to strengthen domestic labour rights. The decree law covers all aspects of domestic labour law and guarantees the rights of all parties in ...

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UAE, New Zealand discuss ways to boost defence ties

Abu Dhabi / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, received on Wednesday New Zealand Defence Minister Peeni Henare and his accompanying delegation. Mattar Salem Ali Al Dhaheri, Under-Secretary of the Ministry of Defence, and a number of senior military officers, were also present. Al Bowardi welcomed the visit of the New Zealand minister of ...

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Continued investment in oil, gas critical for energy security, says Sultan Al Jaber

Abu Dhabi / WAM Energy security is essential for social, economic and climate progress and the responsibility of the energy industry in maintaining energy security has never been clearer, according to Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of Abu Dhabi National Oil Company (Adnoc). Speaking at the Energy ...

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Etihad wins top awards from Airline Economics

  Abu Dhabi / WAM Etihad Airways has picked up top honours at the 2022 Airline Economics Middle East, Africa & Islamic Aviation 100 Awards. The carrier won the coveted Middle East & Africa Airline of the Year Award, with Chief Financial Officer Adam Boukadida receiving the Middle East & Africa CFO of the Year award for the second consecutive ...

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Hub71 appoints new deputy CEO

  ABU DHABI / WAM Hub71, Abu Dhabi’s global tech ecosystem powered by Mubadala, appointed Ahmad Ali Alwan as the Deputy Chief Executive Officer. The appointment reinforces Hub71’s senior leadership team with an experienced, talented local leader to help drive forward its long-term strategy and fulfil its global ambitions. Hub71 is spearheading a strategy to build a global platform that ...

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UAE President highlights teachers’ role in guiding, shaping young minds

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has affirmed the vital role that quality education and dedicated teachers will play in the UAE’s future progress, noting that investing in education and graduating distinguished cadres is based primarily on preparing a distinguished teacher. His comments came in an address to education professionals from across ...

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Masdar, Zero Carbon sign deal to drive carbon reduction in Mideast

  Abu Dhabi / WAM Masdar City, Abu Dhabi’s only planned and approved R&D cluster for innovative technologies, and Zero Carbon Ventures, a company dedicated to bringing carbon-reducing technologies to the Middle East, have signed a memorandum of understanding (MoU) to advance carbon reduction in the Middle East. Already underway at Masdar City, the first project to be explored under ...

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UAE keen to empower teachers to lead future of sustainable education

  Abu Dhabi / WAM Dr Ahmad Belhoul Al Falasi, Minister of Education, has affirmed that the UAE, under the directives of the wise leadership, pays great attention to teachers and is keen to empower them with technology, knowledge and digital skills, to lead the future of sustainable education and enhance the country’s leadership and global competitiveness. On World Teacher’s ...

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Etihad wins top awards from Airline Economics

  ABU DHABI / WAM Etihad Airways has picked up top honours at the 2022 Airline Economics Middle East, Africa & Islamic Aviation 100 Awards. The carrier won the coveted Middle East & Africa Airline of the Year Award, with Chief Financial Officer Adam Boukadida receiving the Middle East & Africa CFO of the Year award for the second consecutive ...

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