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In a noticeable uptick in President Sheikh Mohammed Bin Zayed Al-Nahyan’s recent overseas travel, MBZ has gone to Azerbaijan and India to cement commercial ties, in his first visit to another Brics member since the UAE joined the big emerging economies’ club at the start of the year.
National Media Office chairman Sheikh Zayed Bin Hamdan Al-Nahyan was appointed to chair new holding company 2PointZero four days after it was set up. He will work alongside chief executive Mariam Bint Mohammed Almheiri, who also serves as the UAE’s climate change and environment minister.
Abu Dhabi National Oil Company has made three cross-border acquisition deals, as it seeks to better position itself for the global transition away from hydrocarbons, taking stakes in fertiliser and ammonia producer Fertiglobe, German chemical company Covestro and carbon capture and storage company Storegga.
UAE attorney-general Hamad Saif Al-Shamsi said on 6 January that a case had been launched at the State Security Court against 84 people.
The UAE’s latest Cepa agreement is another step in Abu Dhabi’s plans to build its global profile by negotiating bilateral trade deals.
Abu Dhabi’s perceived support for General Mohammed Hamdan Dagalo (Hemedti)’s RSF rebels led the under-pressure Burhan regime to order 15 UAE embassy staff to leave Khartoum in December. This posed further questions about the Gulf state’s role in the Sudanese civil war, while the RSF has made further strategic gains and is looking for broader regional support.
Abu Dhabi’s Mubadala Energy has announced a discovery from its first deep-water well, saying the find could ‘de-risk multi-trillion cubic feet’ of gas resources in the Indonesian permit.
In a reordering of some of UAE national security advisor Tahnoun Bin Zayed Al-Nahyan’s extensive commercial interests, the new 2PointZero holding company will take control of shares in firms including venture capital investor Chimera Investments, minerals investor International Resources Holding and cryptocurrency ‘miner’ Citadel Technologies.
Dubai Ruler Sheikh Mohammed Bin Rashid Al-Maktoum has set up the Dubai Investment Fund, chaired by deputy ruler Sheikh Maktoum Bin Mohammed Al-Maktoum, to hold the emirate government’s stakes in operators including utility Dewa and road toll operator Salik. DIF will take its place alongside other Dubai Inc entities including Investment Corporation of Dubai, Dubai Holding and Dubai World.
UAE state-owned defence conglomerate Edge Group has been showcasing its drones, guided munitions, electronic warfare products and other wares at the Expodefensa 2023 trade fair in Bogota, Colombia, held from 5-7 December.
Vice President Sheikh Mansour Bin Zayed Al-Nahyan launched the Bani Yas corvette on 29 November at the Mina Zayed naval base in Abu Dhabi.
Abu Dhabi Crown Prince Sheikh Khalid Bin Mohammed Bin Zayed Al-Nahyan approved a package of AED7.6bn ($2bn) worth of housing loans and other benefits for UAE nationals in the emirate in late November.
The UAE’s first female minster.
Profile of Sharjah deputy ruler Abdullah Bin Salem Al-Qasimi
Profile of Sharjah's Hoor Bint Sultan.
