Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has arranged a AED 1 billion sustainable bilateral facility for Aldar Properties PJSC (Aldar).The financing takes Aldar’s total ESG financing facilities to AED 4.8 billion as the company transitions towards sustainable financing for its projects and investments. The transaction underscores both entities’ commitment to supporting environmentally beneficial projects aligned with the

Major stock markets in the Gulf ended mixed on Wednesday on prospects of U.S. interest rate cuts in 2024, while worries about maritime trade disruptions in the Red Sea weighed on sentiment. Dubai's main share index added 0.4%, with blue-chip developer Emaar Properties rising 2.1% and top lender Emirates NBD finishing 0.9% higher. The Qatari benchmark gained 0.6%, led by a 1.4%

Abu Dhabi Islamic Bank (ADIB) has arranged an AED 1 billion sustainable bilateral facility for Aldar Properties PJSC (Aldar). The financing takes Aldar’s total ESG financing facilities to AED 4.8 billion as the company transitions towards sustainable financing for its projects and investments. The transaction underscores both entities’ commitment to supporting environmentally beneficial projects aligned with the UAE Net Zero by 2050

Aldar Properties PJSC (“Aldar”) has partnered with Yellow Door Energy, a leading sustainable energy organisation, to bring solar power to 45 properties across the UAE, supporting the UAE Net Zero by 2050 Strategic Initiative and Abu Dhabi’s 2030 Energy Strategy. The partnership between Aldar and Yellow Door Energy was formalised on the sidelines of COP28, signed by Salwa Al Maflahi, Aldar’s

Aldar Properties has partnered with Yellow Door Energy, a leading sustainable energy organisation, to bring solar power to 45 properties across the UAE, supporting the UAE Net Zero by 2050 Strategic Initiative and Abu Dhabi's 2030 Energy Strategy. The partnership between Aldar and Yellow Door Energy was signed by Salwa Al Maflahi, Aldar's Director of Sustainability and Community Outreach and Rory

Infinity Power, Africa’s largest pure play renewable energy provider, has annnounced that more than 10 countries have joined a first-of-its-kind consortium to deploy 5GW of Battery Energy Storage Systems (BESS) by 2024-end. Infinity Power, a joint venture between Egypt’s Infinity and Abu Dhabi energy company Masdar, targets power generation projects in Africa through renewable energy sources, namely solar and wind, as

EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading urban air mobility (“UAM”) technology platform company, announced that it is extending its operations to the United Arab Emirates (“UAE”). This expansion involves joining the Smart and Autonomous Vehicle Industries (“SAVI”) Cluster in Abu Dhabi. Additionally, a long-term strategic partnership has been formed with Wings Logistics Hub, the

This comprehensive approach will improve efficiency while maintaining world-renowned hospitality, said a statement from Etihad Airways. The MoU will facilitate China Eastern’s ambition to begin services to Abu Dhabi through its discussions with Abu Dhabi Airports, the Department of Culture and Tourism of Abu Dhabi, and other key stakeholders in the UAE capital. A combination of Etihad and China Eastern services, which

Major Gulf markets were subdued in early trade on Monday after the New York Federal Reserve president pushed back against expectations of imminent rate cuts, although rising oil prices limited losses. New York Fed President John Williams on Friday said the central bank remained focused on bringing inflation down to its target of 2% and added it was "'premature' to discuss

Aldar Properties PJSC (“Aldar”), Tadweer (Abu Dhabi Waste Management Company) and global circular economy solutions expert Polygreen have formed a joint venture to launch Ecoloop. The circular model is the first-of-its-kind in the region, will divert waste across Aldar’s owned and managed assets from the landfill, and transform it into valuable resources. The signing of the joint venture was made on