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Passengers board an Etihad Airways airplane at Abu Dhabi; the airline plans to carry 33 million passengers by the end of the decade

Etihad IPO likely to attract ‘significant’ investor interest

Abu Dhabi-owned Etihad Airways is likely to attract “significant” investor interest if and when it sells shares in an initial public offering expected in March in the first Gulf Arab airline IPO in almost 20 years, analysts have said. Owned by Abu Dhabi sovereign wealth fund ADQ, the airline may raise as much as $1 […]

The 'Seapeak Hispania' is seen in the background, loaded with 140,000 cubic meters of liquefied natural gas from Egypt, bound for Sassnitz in Germany

Egypt’s gas industry caught in vicious circle as demand rises

Egypt’s gas industry is caught in a vicious circle. The country uses natural gas to generate almost 80 percent of its electricity, according to the International Energy Agency, and Globalpetrolprices.com says Egyptian households pay less than EGP1 ($0.02) per kilowatt hour. Demand for power and therefore for gas is surging at a time when production […]

A view of Alsancak freight and passenger port. The port is owned by Turkey’s sovereign fund TWF since 2017

Turkey says talks with Abu Dhabi fail on port deal

The Turkish government has confirmed that talks with Abu Dhabi Ports Group (AD Ports) over operating rights at the Alsancak freight and passenger port in Western Turkey have failed. “The aim there was to get a partner for the Alsancak port and adding capital to expand it,” Turkish transport minister Abdulkadir Uraloglu told Bloomberg. No […]

Analysts hope to see more companies listing in both Dubai and Saudi Arabia in the future

More dual listings expected as IPO trend continues

Last year, eight companies launched initial public offerings (IPO) on the two main stock exchanges in the UAE, attracting more than $7 billion in investment. The same number could float this year and list in neighbouring Saudi Arabia, analysts say. UAE-based technology company Alpha Data has already announced plans to list 40 percent of its […]

Profit and revenue at AD Ports both rose last year

UAE’s AD Ports profit up to $1bn

Abu Dhabi state ports business AD Ports Group reported around $1 billion in net profit in 2024, a 24 percent year-on-year increase, as revenue rose by nearly half to AED17 billion ($4.6 billion). Total assets grew by 15 percent year on year to AED64 billion last year. Group CEO Mohamed Juma Al Shamisi said the […]

Staff at Sheikh Shakhbout Medical City, a subsidiary of PureHealth. The company has walked away after months of negotiations about buying NMC Healthcare

NMC confirms no buyers so far have matched valuation

The UAE’s troubled hospital operator NMC Healthcare confirmed that it has no buyers yet for the company, with differences around valuation cited as one of the reasons.  Earlier this week, two people familiar with discussions around a possible sale said that Abu Dhabi-based PureHealth Holding, the UAE’s biggest healthcare group by number of facilities, had […]

Jordan's Al Madouneh Customs Centre houses automated inspection ramps, smart warehouses and predictive analytics

AD Ports to operate customs centre in Jordan

Abu Dhabi’s AD Ports Group has won a contract to manage and operate a new customs centre in Amman, Jordan, the company said in a statement.  The company aims to increase cross-border trade, reduce clearance times, and enhance supply chain efficiency at the 1.3 million sq m Al Madouneh Customs Centre, which opened last June. […]

DP World's 300,000 sq m facility in the Suez Canal Economic Zone is set for completion in June 2025

DP World nears opening of $80m logistics hub in Egypt

Global ports operator and logistics company DP World has completed nearly two-thirds of the work on the first phase of a $80 million logistics hub in Egypt’s Suez Canal Economic Zone. The 300,000 sq m complex is due for completion in June. It aims to reduce logistics costs and strengthen connections between Egypt, the Middle East […]