News

WAM / Gulf Time The Abu Dhabi Securities Exchange (ADX) is amending its trading week to Monday through Friday, effective January 3, 2022. Trading hours will remain unchanged, opening at 10:00am and closing at 3:00pm. The exchange’s new trading week follows the recent announcement made by the UAE government to adopt a four and a half day working week, with ...

Abu Dhabi / Gulf Time Etihad Airways, the national airline of the United Arab Emirates, and ITA Airways, the national carrier of Italy, have signed a codeshare agreement connecting the networks of the two airlines. This new commercial partnership is designed to boost business travel and tourism between Italy and the United Arab Emirates, and will offer travellers more options ...

ABU DHABI / Gulf Time The Moroccan government celebrated the inauguration of a major university housing project at Mohammed VI University of Health Sciences in Mohammedia City, Morocco, that was developed with the support of the Abu Dhabi Fund for Development (ADFD). The project creates an integrated university district designed to the highest international standards to provide high-quality accommodation for ...

ABU DHABI / Gulf Time Etihad Guest, the award-winning loyalty programme of Etihad Airways, has introduced a series of sustainability-focused initiatives to reward members for making ‘green’ choices and providing options to reduce their own carbon footprint. Conscious Choices, the new range of sustainable initiatives offered by the Etihad Guest programme, has been created to support Etihad’s overarching sustainability ambition ...

Abu Dhabi / WAM Mubadala Investment Company, the Abu Dhabi-based sovereign investor managing a global portfolio of assets valued at $243 billion, on Wednesday announced its largest investment in Russia, the acquisition of a 1.9% stake in Sibur, the largest integrated petrochemicals company in Russia and one of the fastest-growing companies in global petrochemicals. Founded in 1995, Sibur is the ...

BOGOTA / WAM The UAE, represented by the General Civil Aviation Authority, and the Republic of Colombia signed a memorandum of understanding (MoU) to strengthen the air transport relations between the two countries on the sidelines of the ICAO Air Services Negotiation Event (ICAN2021). Saif Mohammed Al Suwaidi, Director-General of the General Civil Aviation Authority, and Jair Orlando Fajardo Fajardo, ...

ABU DHABI / WAM Abdullah Mohamed Al Mazrouei, Chairman of the Federation of the UAE Chambers of Commerce and Industry, said that the historic relations between the UAE and Saudi Arabia are deep-rooted and are a prime example of the best forms of cooperation on the highest levels,” said. This came during the UAE-KSA Business Forum held in Abu Dhabi ...

Dubai / WAM The UAE and Australia enjoy friendly, multi-faceted and rapidly growing relations, said Justin McGowan, Commissioner General of Australia at Expo 2020 Dubai. The UAE is Australia’s largest trading partner and second-largest source of investment in the Middle East, he said, adding that annual trade between the two countries is valued approximately at $7.1 billion. In a statement ...

Abu Dhabi / WAM Mubadala Investment Company, the Abu Dhabi based sovereign investor, announced its investment in Medallia, the market leader in customer and employee experience management software, alongside Thoma Bravo, a leading software investment firm. The minority co-investment was conducted in connection with Thoma Bravo’s recent take private of the San Francisco-based enterprise software company. Thoma Bravo announced the ...

Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) and GE Gas Power on Wednesday announced a joint cooperation initiative to develop a decarbonisation roadmap that includes reducing carbon emissions from gas turbines used to power Adnoc’s downstream and industry operations, including at the world-scale Ruwais Industrial Complex, in Abu Dhabi in the United Arab Emirates. This initiative further ...