News

ADNH Catering raises AED864m in initial public offering

ABU DHABI / WAM ADNH Catering has completed the bookbuild and public subscription process for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). ADNH Catering confirmed that the final offer price for its ordinary shares has been set at Dh0.96 per Share, pricing at the top of the previously announced offer price range. In a press ...

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ADAA signs agreement with SAP to adopt RISE with SAP platforms

DUBAI / WAM The Abu Dhabi Accountability Authority (ADAA) signed a commercial partnership agreement with SAP during GITEX Global 2024 to adopt the RISE with SAP platform to enhance efficiency of the authority’s digital infrastructure. The partnership marks a significant milestone in ADAA’s digital transformation journey as RISE with SAP platform provides integrated capabilities for managing human and financial resources, ...

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Adnoc completes acquisition of majority stake in Fertiglobe

ABU DHABI/WAM Adnoc on Tuesday announced the completion of its acquisition of OCI Global’s 50 percent + 1 shareholding in Fertiglobe plc, increasing its share in the company to 86.2 percent, with 13.8 percent remaining in free float on the Abu Dhabi Securities Exchange (ADX). Fertiglobe is the world’s largest seaborne exporter of urea and ammonia combined, exporting to 53 ...

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Presight, SwissAI sign pact to revolutionise urban planning through AI

DUBAI/WAM Presight, the region’s leading big data analytics company powered by Generative AI, has signed a memorandum of understanding (MoU) with Swiss AI AG (SwissAI), a Switzerland-based company pioneering the seamless integration of human intelligence and advanced AI for future-ready decision-making. This partnership, signed on the sidelines of GITEX Global 2024, will leverage SwissAI’s expertise in advanced AI, machine learning ...

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UAE Ambassadors to Paraguay, Guinea sworn in before UAE President

ABU DHABI / WAM Ahmed Ibrahim Saeed Mohammed Al Dhaheri, UAE Ambassador to the Republic of Guinea, and Dr Al Saghira Wabran Hamad Mubarak Al Ahbabi, UAE Ambassador to the Republic of Paraguay, took the oath of office before President His Highness Sheikh Mohamed bin Zayed Al Nahyan. Also in attendance was His Highness Sheikh Mansour bin Zayed Al Nahyan, ...

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Abu Dhabi Mobility presents ‘Fusion’ Framework during GITEX Global 2024

ABU DHABI / WAM The Integrated Transport Centre (Abu Dhabi Mobility), of the Department of Municipalities and Transport, has announced its participation in the 44th edition of GITEX Global 2024, as part of the Abu Dhabi Government pavilion. The exhibition, which is the world’s largest event supporting technology, will take place at the Dubai World Trade Centre from October 14 ...

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DGE launches AI-powered platform TAMM 3.0 at GITEX Global 2024

DUBAI / WAM The Department of Government Enablement (DGE) has launched TAMM 3.0 at GITEX Global 2024. This AI-powered platform marks a major advancement in the delivery of government services in Abu Dhabi. In collaboration with other Abu Dhabi government entities, DGE is setting a new benchmark in digital government through TAMM’s one-stop-shop featuring a unified app and portal, offering ...

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ADJD highlights AI integration to elevate services at GITEX

ABU DHABI / WAM The Abu Dhabi Judicial Department (ADJD) is participating in GITEX 2024, held at the Dubai World Trade Centre from October 14 to 18. The department is showcasing its latest initiatives, technologies, and innovative services utilising artificial intelligence to serve customers. This participation is part of its ongoing efforts to develop the judicial system based on the ...

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Visitors to Yas, Saadiyat Islands rise during summer: Miral

ABU DHABI / AD MEDIA OFFICE Miral has announced that Yas Island and Saadiyat Island saw a surge in visitors over the summer period, further consolidating their position as must-visit destinations for families and visitors from around the world. Yas Island, the UAE’s leading leisure and entertainment destination, witnessed a significant increase in domestic and international visitors, with a 72 ...

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NMDC Group achieves AA ‘leader’ rating from MSCI

ABU DHABI/ GULF TIME NMDC Group, a global leader in engineering, procurement, construction, and marine dredging, has received an AA ‘leader’ rating, for its commitment to Environmental, Social, and Governance (ESG) from MSCI, a global provider of ESG indexes. NMDC’s leader rating has been driven by performance areas where the group has made strides in its business to build robust ...

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