News

Aldar launches apartments at Grove District on Saadiyat Island

  ABU DHABI / WAM Aldar Properties has announced the launch of apartments at Grove District, a new at Abu Dhabi’s Cultural Epicentre on Saadiyat Island. Grove District sits within Aldar’s flagship Saadiyat Grove development, and its apartments boast partial views of the island’s three landmarks: Zayed National Museum, Louvre Abu Dhabi, and Guggenheim Abu Dhabi. The development, when completed, ...

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Abu Dhabi all set to launch new industrial strategy in two weeks

  Abu Dhabi / WAM Mohamed Ali Al Shorafa Al Hammadi, Chairman of the Abu Dhabi Department of Economic Development, announced that Abu Dhabi will launch a new industrial strategy in two weeks, which will include four strategic pillars. In his statement to the Emirates News Agency (WAM) on the sidelines of the “Make it in the Emirates” forum held ...

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‘One Million Arab Coders’ initiative achieves target

  ABU DHABI / WAM One Million Arab Coders (OMAC) initiative, since its launch in 2017 and over four years, has equipped more than one million Arab youth with digital skills, in partnership with Udacity – a global digital educational platform specialising in providing digital courses in artificial intelligence, machine learning, data science, cloud computing, and other disciplines. The initiative ...

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Tawazun injects AED2bn annually in added value

  Abu Dhabi / WAM Tawazun Economic Council (Tawazun) – the UAE defence and security acquisitions authority for the UAE Armed Forces, Abu Dhabi Police and national security agencies – injects, through its Tawazun Economic Programme, AED2 billion annually as an added value to the national economy, said Tareq Abdulraheem Al Hosani, Chief Executive Officer of Tawazun. Al Hosani made ...

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Taqa, Adnoc, Mubadala enter binding pacts for acquisition of Masdar stake

  Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa), Abu Dhabi National Oil Company (Adnoc) and Mubadala Investment Company have entered into binding agreements for Taqa and Adnoc to purchase stakes in Abu Dhabi Future Energy Company (Masdar) from Mubadala. This is a major milestone towards completing the transaction announced late last year by President His Highness Sheikh ...

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G42-AstraZeneca deal to advance life sciences

  Abu Dhabi / WAM G42 Healthcare, an Abu Dhabi-based leading health tech company and subsidiary of G42, an artificial intelligence and cloud computing company located in Abu Dhabi, signed a letter of intent (LOI) with global biopharmaceutical company, AstraZeneca, in the presence of the Department of Health – Abu Dhabi (DoH), to expand their collaboration into the domains of ...

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Adnoc identifies $19b of products with local manufacturing potential

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) announced on Tuesday it has identified AED70 billion ($19 billion) worth of products in its procurement pipeline that could be manufactured locally. Out of this value, Adnoc signed agreements for local manufacturing opportunities worth AED21 billion ($5.7 billion) with UAE and international companies. The agreements, which were signed at ...

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ADX launches Fadx 15 Futures, exchange’s first index derivatives

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has announced the offering of future contracts on the FTSE ADX 15 (Fadx 15) Index for trading on its financial derivatives platform. The Futures are the first index derivatives to be listed on ADX as the exchange accelerates efforts to bolster market liquidity and attract more global investors. Fadx ...

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G42 Healthcare and AstraZeneca ink deal to advance life sciences

  ABU DHABI / WAM G42 Healthcare, an Abu Dhabi-based leading health tech company and subsidiary of G42, an artificial intelligence and cloud computing company located in Abu Dhabi, signed a letter of intent (LOI) with global biopharmaceutical company, AstraZeneca, in the presence of the Department of Health – Abu Dhabi (DoH), to expand their collaboration into the domains of ...

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‘etisalat by e&’ launched as new brand identity for Etisalat UAE

  Abu Dhabi / WAM e& (formerly known as Etisalat group) on Tuesday unveiled “etisalat by e&” as the new brand identity for Etisalat UAE in line with the group’s recent positioning as the global technology and investment conglomerate that digitally empowers societies. The brand evolution comes at a time when the Group continues to accelerate its digitalisation leadership in ...

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