The UAE is attracting an increasing flow of foreign direct investment (FDI), driven by several factors, among which a network of Comprehensive Economic Partnership Agreements (CEPAs) with global partners is particularly significant, according to Massimo Falcioni, Chief Competitiveness Officer (CCO) at Abu Dhabi Investment Office (ADIO).
Tokyo stocks rise in morning
Tokyo stocks were modestly higher on Thursday morning, reported Kyodo News.
Trends expands global reach with new Montreal virtual office
Trends Research and Advisory is set to launch its newest virtual office in Montreal, Canada, marking its fifth global presence, on 12th May, as part of its research tour aimed at participating in conferences and panel discussions in Montreal and Ottawa.
Minister of Energy and Infrastructure tours rain-affected areas
Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, toured a number of areas, federal roads, and dams on the eastern coast that were affected by the unprecedented rainfall the UAE experienced in April.
Presight partners with ADNOC and acquires AIQ
Presight recently announced its acquisition of a controlling stake in AIQ, the AI for Energy joint venture established in 2020 by ADNOC and G42.
First wind turbine installed at Baltic Eagle offshore wind farm
The first of a total of 50 wind turbines has been successfully installed at the 476MW Baltic Eagle offshore wind farm, a joint venture between Abu Dhabi Future Energy Company – Masdar, the UAE's clean energy powerhouse, and Iberdrola, a world-leading clean energy company.
UAE, Jordan agree to enhance recognition of seafarers’ certificates of competence
The Ministry of Energy and Infrastructure (MoEI) and Jordan's Ministry of Transport signed a Memorandum of Understanding (MoU) to drive cooperation, capacity building, and knowledge exchange and enhance mutual recognition of seafarers' certificates of competence.
Hanoi attracts over US$1.1 billion in FDI in four months
Hanoi, the capital of Vietnam, attracted more than US$1.13 billion of foreign direct investment (FDI) in the first four months of this year, with 73 new projects worth over US$1 billion and 47 projects permitted to increase a combined investment capital of US$79 million.
784,000 guests in hotel establishments in Fujairah during 2023
The number of guests in hotel establishments in Fujairah saw a notable rise in 2023, reaching a total of 784,106 guests, with 711,000 staying in hotels and 72,000 in hotel apartments, according to the statistical yearbook for 2023.
ADNOC signs third long-term Heads of Agreement for Ruwais LNG project
ADNOC announced today the signing of a 15-year Heads of Agreement (LNG agreement) with EnBW Energie Baden-Württemberg AG (EnBW), one of the largest energy companies in Germany, for the delivery of 0.6 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG).