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Q Holding signs strategic deal with Abu Dhabi Residence Office to stimulate investment

ABU DHABI / GULF TIME “Q Holding” signed a strategic agreement with the Abu Dhabi Residents Office (ADRO), a division of the Abu Dhabi Department of Economic Development, to promote real estate investment and community development in the UAE’s capital, Abu Dhabi. Under the terms of the agreement, the Abu Dhabi Residents Office will nominate real estate investors for the ...

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HFZA explores investment opportunities with Turkey

SHARJAH / WAM A delegation of 143 senior officials and directors from prominent food and beverage companies in Turkiye recently visited the Hamriyah Free Zone Authority (HFZA) to explore new investment opportunities and experience the quality services provided to investors in the sector. During the visit, the Turkish delegation was briefed on the investment incentives and advantages offered by the ...

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Tawazun Council establishes free zone for military, security sectors

ABU DHABI / WAM  Tawazun Council has established a free zone dedicated to the military and security sector in Tawazun Industrial Park. The free zone covers 2.8 square kilometres and has been established to commence operations related to defence and security industries, including electronic and technological activities, clear-cut metal industries, safety and security, research and development, as well as logistics ...

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Adnoc Gas raises IPO size to AED9.3b on heavy demand

ABU DHABI / WAM Adnoc Gas plc on Monday announced that, following approval from the SCA, its selling shareholder, Abu Dhabi National Oil Company (Adnoc or the selling shareholder) has exercised its right set out in the UAE prospectus to increase the number of ordinary shares offered in the initial public offering (IPO) of the company. Adnoc will now offer ...

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Sheikh Mohammed approves 8,500 land plots for Emiratis

DUBAI / WAM  In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued directives to immediately allocate 8,500 land plots to Emirati citizens in the Al Yalayis 5 area. The plots are located on an area spanning 120 million square feet. His Highness Sheikh Mohammed’s ...

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Seha receives 5.1 million outpatient visitors in ’22

ABU DHABI / WAM Abu Dhabi Health Services Company (Seha), part of the PureHealth group, has announced its key achievements in 2022 from the latest report curated by the Emirates News Agency (WAM). Some of Seha’s most notable achievements in 2022 include the closure of its Covid-19 testing centres and 5.1 million outpatient visits throughout the year. Collectively, a total ...

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UAE search and rescue team returns back home

ABU DHABI / WAM The UAE search and rescue team, as part of the “Chivalrous Knight / 2” operation in Syria, has returned home following the completion of the rescue mission in earthquake-hit Syria. Lt. Colonel Hamad Al Kaabi, Commander of the Emirati Search and Rescue in Syria, said that the team has made exceptional efforts in the rescue mission ...

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UAE records 32% jump in green, sustainable finance

DUBAI / WAM The UAE witnessed a 32 percent year-on-year (YoY) growth in its 2022 green and sustainable finance issuing, a new report by leading consulting firm Arthur D. Little showed. Between 2019 and 2022, the UAE recorded increasing environmental, social, and corporate governance (ESG) reporting across major public and private institutions such as Dubai Financial Market, Ministry of Climate ...

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Sharjah issues, renews 64,089 licences in 2022

SHARJAH / WAM  Sharjah Economic Development Department (Sedd) released the results of Sharjah’s commercial and economic activities report during 2022, where 64,089 licences were issued and renewed in the past year, with a growth rate of six percent over 2021. This report included 7,615 new licences issued and 56,474 renewed. The department reviewed the results and the main developments and ...

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UAE, Algeria advancing economic partnership

ABU DHABI / WAM The 15th session of the joint UAE-Algeria Economic Committee has been held in Abu Dhabi under the chairmanship of Abdullah bin Touq Al Marri, Minister of Economy, and Algerian Minister of Industry, Ahmed Zaghdar, in the presence of Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade. “The late Sheikh Zayed bin Sultan ...

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