Company Insights ADQ Banking & Finance ADQ News Aviation Wizz Air grows fleet to meet low-cost demand Wizz Air Abu Dhabi has revealed plans to increase its fleet size by over 400 percent before the end of the decade, as budget air travel in the Mena region booms. The carrier may also expand further into Saudi Arabia. The joint venture between Abu Dhabi sovereign wealth fund ADQ, which owns 51 percent, and […] June 9, 2023 Video length: 03:07 Analysis Aviation How the battle for the Gulf’s skies has intensified Across and around the Arabian Gulf regional airlines find themselves returning to a very different and increasingly volatile market after the pandemic. Pre-Covid, aviation in the Gulf and many neighbouring nations was largely defined and dominated by Emirates, Qatar Airways and Etihad. Now, as the Big Three pursue resurgence, they are being increasingly challenged, not […] May 8, 2023 Real Estate Saudi next on radar as Aldar builds on Mena expansion Real estate developer Aldar Properties is scouting for development and joint venture opportunities in Saudi Arabia to help it expand in the region. Based in the UAE, Aldar has projects in Egypt in addition to its core operations in Abu Dhabi and, more recently, Dubai and Ras Al Khaimah, following announcements in the past six […] May 3, 2023 Tech AD Ports digital arm buys customs systems firm Maqta Gateway, the digital arm of AD Ports Group, has acquired TTEK Inc, a developer of border control solutions and customs systems, in a deal worth $26.7 million. The acquisition involves an upfront payment of $17.1 million and adds to Maqta Gateway’s digital trade solutions portfolio, which uses disruptive technologies such as artificial intelligence, machine […] April 24, 2023 Banking & Finance Taqa raises $1.5bn in bonds as order book hits $15bn Abu Dhabi National Energy Company (Taqa) has raised a combined $1.5 billion in five-year and 10-year dual-tranche senior unsecured notes. The 10-year bonds, sized at $1 billion, were issued at a coupon rate of 4.696 percent, reported state-run WAM news agency, citing a company statement. The net proceeds from Taqa’s first green bond issuance will […] April 19, 2023 Banking & Finance Abu Dhabi’s Taqa plans dual-tranche dollar green bond Abu Dhabi-listed Abu Dhabi National Energy Company (Taqa) has directed banks ahead of a possible dual-tranche US dollar-denominated green bond issue. The firm planned hold investor calls from Thursday for a benchmark-sized long five-year issue followed by a 10-year green bond, Reuters reported citing a document. Benchmark-sized issuance is at least $500 million. In September […] April 14, 2023 Banking & Finance AD Ports Group signs $2bn financing deal AD Ports Group has signed a $2 billion financing agreement with a syndicate of 13 regional and international banks, it announced in a bourse statement on Tuesday. Part of Abu Dhabi investment and holding company ADQ, AD Ports Group has a portfolio of ports, economic zones, logistics and digital businesses driving the growth of international […] April 4, 2023 UAE president names Abu Dhabi crown prince and deputy rulers UAE President and Abu Dhabi Ruler Sheikh Mohamed bin Zayed Al Nahyan has issued a decree appointing Sheikh Khaled bin Mohamed bin Zayed Al Nahyan as the crown prince of Abu Dhabi. Sheikh Khaled is the eldest son of Sheikh Mohammed bin Zayed. The president also appointed Sheikh Hazza bin Zayed and Sheikh Tahnoun bin Zayed […] March 30, 2023 Startups get fired up in Jordan’s rapidly changing environment A decade ago, Jordanian startups were the purview of risk-takers and dreamers. Sensible graduates with a head for business sought positions at banks and corporations, with a steady income and job security. That mentality is shifting as increased investment and public sector support fuel a vibrant entrepreneurial culture, encouraging more Jordanians to shelve the safe […] March 23, 2023 Markets Saudi Arabia to introduce SPAC listings Saudi Arabia plans to allow special-purpose acquisition companies, also known as SPACs, to list on the kingdom’s bourse, a top official told a conference this week. These entities raise money through an initial public offering (IPO) and then use the proceeds to acquire other companies. SPACs were seen as a simpler, quicker and more effective […] March 17, 2023 Posts navigation Previous 1 … 16 17 18 … 21 Next
Aviation Wizz Air grows fleet to meet low-cost demand Wizz Air Abu Dhabi has revealed plans to increase its fleet size by over 400 percent before the end of the decade, as budget air travel in the Mena region booms. The carrier may also expand further into Saudi Arabia. The joint venture between Abu Dhabi sovereign wealth fund ADQ, which owns 51 percent, and […] June 9, 2023
Video length: 03:07 Analysis Aviation How the battle for the Gulf’s skies has intensified Across and around the Arabian Gulf regional airlines find themselves returning to a very different and increasingly volatile market after the pandemic. Pre-Covid, aviation in the Gulf and many neighbouring nations was largely defined and dominated by Emirates, Qatar Airways and Etihad. Now, as the Big Three pursue resurgence, they are being increasingly challenged, not […] May 8, 2023
Real Estate Saudi next on radar as Aldar builds on Mena expansion Real estate developer Aldar Properties is scouting for development and joint venture opportunities in Saudi Arabia to help it expand in the region. Based in the UAE, Aldar has projects in Egypt in addition to its core operations in Abu Dhabi and, more recently, Dubai and Ras Al Khaimah, following announcements in the past six […] May 3, 2023
Tech AD Ports digital arm buys customs systems firm Maqta Gateway, the digital arm of AD Ports Group, has acquired TTEK Inc, a developer of border control solutions and customs systems, in a deal worth $26.7 million. The acquisition involves an upfront payment of $17.1 million and adds to Maqta Gateway’s digital trade solutions portfolio, which uses disruptive technologies such as artificial intelligence, machine […] April 24, 2023
Banking & Finance Taqa raises $1.5bn in bonds as order book hits $15bn Abu Dhabi National Energy Company (Taqa) has raised a combined $1.5 billion in five-year and 10-year dual-tranche senior unsecured notes. The 10-year bonds, sized at $1 billion, were issued at a coupon rate of 4.696 percent, reported state-run WAM news agency, citing a company statement. The net proceeds from Taqa’s first green bond issuance will […] April 19, 2023
Banking & Finance Abu Dhabi’s Taqa plans dual-tranche dollar green bond Abu Dhabi-listed Abu Dhabi National Energy Company (Taqa) has directed banks ahead of a possible dual-tranche US dollar-denominated green bond issue. The firm planned hold investor calls from Thursday for a benchmark-sized long five-year issue followed by a 10-year green bond, Reuters reported citing a document. Benchmark-sized issuance is at least $500 million. In September […] April 14, 2023
Banking & Finance AD Ports Group signs $2bn financing deal AD Ports Group has signed a $2 billion financing agreement with a syndicate of 13 regional and international banks, it announced in a bourse statement on Tuesday. Part of Abu Dhabi investment and holding company ADQ, AD Ports Group has a portfolio of ports, economic zones, logistics and digital businesses driving the growth of international […] April 4, 2023
UAE president names Abu Dhabi crown prince and deputy rulers UAE President and Abu Dhabi Ruler Sheikh Mohamed bin Zayed Al Nahyan has issued a decree appointing Sheikh Khaled bin Mohamed bin Zayed Al Nahyan as the crown prince of Abu Dhabi. Sheikh Khaled is the eldest son of Sheikh Mohammed bin Zayed. The president also appointed Sheikh Hazza bin Zayed and Sheikh Tahnoun bin Zayed […] March 30, 2023
Startups get fired up in Jordan’s rapidly changing environment A decade ago, Jordanian startups were the purview of risk-takers and dreamers. Sensible graduates with a head for business sought positions at banks and corporations, with a steady income and job security. That mentality is shifting as increased investment and public sector support fuel a vibrant entrepreneurial culture, encouraging more Jordanians to shelve the safe […] March 23, 2023
Markets Saudi Arabia to introduce SPAC listings Saudi Arabia plans to allow special-purpose acquisition companies, also known as SPACs, to list on the kingdom’s bourse, a top official told a conference this week. These entities raise money through an initial public offering (IPO) and then use the proceeds to acquire other companies. SPACs were seen as a simpler, quicker and more effective […] March 17, 2023
