Business
Adnoc most valuable brand of UAE
Published
3 years agoon
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Abu Dhabi National Oil Company (Adnoc) has once again proved to be the most valuable brand of the UAE, increasing 19 per cent to Dh47 billion ($12.8bn).
Abu Dhabi rules in values while Dubai has most number of leading brands, a consultancy firm pointed out. Around 24 firms in the Brand Finance UAE 50 2022 ranking are based in Dubai. As many as 19 are based in Abu Dhabi.
“Adnoc continues to be the principal enabler of UAE’s sustainable economic development goals,” Andrew Campbell, managing director of Brand Finance Middle East, reportedly said.
The title of the “strongest brand” in the UAE was retained by Etisalat with a Brand Strength Index (BSI) score of 89.2 out of 100. A corresponding AAA brand strength rating as well.
Etisalat also holds the title of the most valuable telecoms brand portfolio in the Middle East, which has helped it raise its brand value from $8.5 billion to $10.1 billion.
Emirates NMD bank is the strongest brand in the finance sector in the UAE. Its BSI score was 79.9 out of 100, with a corresponding AAA-rating.
Abu Dhabi Commercial Bank (ADCB) has made a recovery with a BSI score of 75.4 out of 100, according to Brand Finance.
Growing by over 30 per cent in brand value, Dubai Electricity and Water Authority (Dewa), Emaar Properties and Mashreq Bank went up two ranks in the Brand Finance UAE 50 2022 raking.
Announcements
UAE sends 90 metric tons of urgent relief supplies to Sudan
Published
5 days agoon
September 3, 2024By
SudhashreeOn the directions of Sheikh Mohammed bin Rashid Al Maktoum, Vice-President, Prime Minister of the UAE and Ruler of Dubai, the Dubai Humanitarian (DXB-H) has facilitated urgent relief supplies to Chad’s capital, Ndjamena, to support over 70,000 Sudanese people, alleviating their suffering and safeguarding lives in the region.
In a swift response to the escalating humanitarian crisis, a Boeing 747 cargo flight departed from Al Maktoum International Airport on Saturday, August 31, at 9:00 am carrying 90 metric tonnes of essential medical supplies, shelter materials, and relief items provided by the World Health Organisation (WHO) and the United Nations High Commissioner for Refugees (UNHCR). These critical resources are expected to support over 70,000 Sudanese people, alleviating their suffering and safeguarding lives in the region.
Announcements
Global Village announces opening date for Season 29
Published
5 days agoon
September 3, 2024By
SudhashreeSeason 29 of Global Village will kick off on October 16, 2024, the outdoor destination announced. The season will run until May 11, 2025. The popular destination remains closed during the summer months. This year, Global Village is expanding its offerings, featuring more cultural representations, never-before-seen entertainment, and exciting infrastructure upgrades.
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Visitors to the family-friendly destination can experience a diverse range of performances, shopping, and dining experiences from cultures around the world.
Opening more than 25 years ago, the destination set a new record of over 10 million visitors in its 28th season, the longest season to date, hosting 27 pavilions representing over 90 cultures from around the globe, as well as 3,500 shopping outlets and 250 dining options.
The destination is expecting millions of visitors from around the globe to gather for the park’s attractions during the upcoming season.
Announcements
Gaming meets speed: Ferrari launches first-ever esports arena in Abu Dhabi
Published
1 week agoon
September 1, 2024By
SudhashreeFerrari World Yas Island, Abu Dhabi’s acclaimed Ferrari-themed park, has once again redefined entertainment by launching the world’s first Ferrari-themed Esports Arena. This state-of-the-art venue is set to become the go-to destination for racing enthusiasts, Formula 1 aficionados, and thrill-seekers alike.
The newly unveiled Ferrari World Esports Arena features an impressive lineup of 20 Gran Turismo simulators, thoughtfully designed to cater to a broad audience. Fourteen simulators are dedicated to adult racers, while six are specifically designed for younger guests, creating a family-friendly atmosphere that welcomes visitors of all ages.
The arena also includes three specialised F1 simulators, offering participants the exhilarating experience of sitting in the driver’s seat of a Ferrari race car and racing on legendary F1 Grand Prix circuits, including the Yas Marina Circuit. Open daily from 10am to 6pm, the Ferrari World Esports Arena offers access to the Gran Turismo simulators as part of the theme park ticket until the end of the year. The exclusive F1 simulators are available for an additional fee, starting from Dh60 per race.