January, 2023

• 6 January

  Adib ups stake in Egyptian unit to more than 52.6%

  

  Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib) has announced the increase of its ownership in Adib Egypt to more than 52 percent. In a disclosure to the Abu Dhabi Securities Exchange (ADX) on Thursday, Adib stated that it had acquired 9.6 million shares from National Investment Bank (NIB), representing 2.4% of Adib Egypt’s share capital. The deal has ...

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• 6 January

  Alpha Dhabi, Mubadala form JV to invest AED9b in global credit market

  

    Abu Dhabi / WAM Alpha Dhabi Holding and Mubadala Investment Company on Thursday announced the formation of a joint venture (JV) to co-invest in credit opportunities. Alpha Dhabi and Mubadala aim to collectively deploy up to AED9 billion over the next five years, leveraging Mubadala’s long-term and strategic partnership with Apollo, one of the world’s largest alternative asset managers, ...

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• 6 January

  Mukesh Ambani focuses on $75 billion green bet

  

    Bloomberg Mukesh Ambani, the billionaire chairman of Reliance Industries Ltd, will be focusing his attention on the Indian conglomerate’s pivot to green energy, according to people familiar with the matter, after putting his children in charge of other businesses. The 65-year-old will oversee strategy, including the building of gigafactories and blue hydrogen facilities, will assess acquisition targets, and is ...

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• 6 January

  Etihad Airways doubles flights to Bangkok

    Abu Dhabi / WAM Etihad Airways is boosting its flights to Bangkok, Thailand by doubling its frequency. From March 26, the airline will fly twice a day on the Abu Dhabi — Bangkok route, providing a total of 14 weekly nonstop services to Bangkok Airport (BKK). The flights will offer Etihad’s award-winning service and comfort across both Business and ...

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• 6 January

  Adnoc allocates AED55bn to decarbonisation projects

  

    Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc), a reliable and responsible provider of lower-carbon intensity energy, on Thursday announced a bold new strategy to progress the world-scale decarbonisation of its operations. The announcement follows the guidance by Adnoc’s Board of Directors in November 2022 to accelerate the delivery of its low-carbon growth strategy and the approval ...

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• 6 January

  Alpha Dhabi, Mubadala form JV to invest in global credit market

  

    Abu Dhabi / WAM Alpha Dhabi Holding and Mubadala Investment Company on Thursday announced the formation of a joint venture (JV) to co-invest in credit opportunities. Alpha Dhabi and Mubadala aim to collectively deploy up to AED9 billion (approximately $2.5 billion) over the next five years, leveraging Mubadala’s long-term and strategic partnership with Apollo, one of the world’s largest ...

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• 6 January

  Nama supports 2,700 women in 14 nations

  

    Sharjah / WAM Nama Women Advancement (Nama), dedicated to supporting and empowering women and girls, is celebrating six years of striving to help the next generation reach their full potential. With a strong focus on uplifting and supporting women, Nama has established a distinctive presence in its efforts to empower and advocate for gender equality. Nama has provided social, ...

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• 6 January

  ‘Grand Parade’ set to showcase China’s culture in its best light

  

    Dubai / Gulf Time Mohammed Saeed Al Marzouki, Acting CEO of Hala China, thanked the embassy of the People’s Republic of China in the UAE, and Consulate General of China in Dubai for co-hosting the 2023 “Happy Chinese New Year” Grand Parade Conference, which is now just 10 days away, and inviting Hala China to be one of the ...

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• 6 January

  Etihad Airways doubles flights to Bangkok

    Abu Dhabi / WAM Etihad Airways is boosting its flights to Bangkok, Thailand by doubling its frequency. From March 26, the airline will fly twice a day on the Abu Dhabi – Bangkok route, providing a total of 14 weekly nonstop services to Bangkok Airport (BKK). The flights will offer Etihad’s award-winning service and comfort across both Business and ...

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• 6 January

  EGA’s program to inspire interest in STEM reach over 6,000 students

  

  Dubai / WAM Emirates Global Aluminium (EGA) on Thursday announced the company’s programmes to inspire young people’s interest in science, technology, engineering, and mathematics (STEM), reached more than 6,000 students in 2022. Science, technology, engineering, and mathematics experts are essential for achieving the goals of the UAE’s Operation 300bn industrial growth strategy and UAE Centennial 2071. EGA employs some 1,500 ...

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