Latest news with #Dhabi
Al Etihad
24-05-2025
- Sport
- Al Etihad
Organised by Abu Dhabi Sports Council, world's largest indoor fitness race, HYROX, to take place in the emirate
24 May 2025 18:06 ABU DHABI (ALETIHAD)Abu Dhabi is set to host HYROX, the world's largest indoor fitness race on July 19, 2025 at the Abu Dhabi National Exhibition by Abu Dhabi Sports Council, in collaboration with HYROX, the event will be held during Abu Dhabi Summer Sports (ADSS) — part of the ADNEC Group — and marks another major milestone for Project 206, the company behind HYROX's expansion into the Middle Abu Dhabi will bring together athletes, fitness enthusiasts, and gym-goers for a dynamic and high-energy competition filled with strength, endurance, and is one of the fastest-growing fitness races globally, combining running and functional fitness exercises in a unique and standardised format that caters to all fitness levels. Whether participants are beginners seeking a new challenge or elite athletes pushing their limits, HYROX Abu Dhabi promises to be a standout event on the capital's sporting race format includes eight 1km runs, each followed by a different functional workout, creating a comprehensive test of stamina and can compete individually (male and female divisions), in pairs (male, female, or mixed), in pro divisions for advanced athletes, or in relay division for teams of four, encouraging teamwork and collaboration. HYROX Abu Dhabi will also feature an Adaptive Division — designed to welcome athletes with physical disabilities, reinforcing the race's commitment to accessibility and inclusivity. As one of the fastest-growing cities for endurance sports and fitness events, Abu Dhabi continues to enhance its global reputation with world-class venues such as ADNEC Centre Abu Dhabi. The HYROX race is expected to attract fitness fans from across the UAE and beyond.
Web Release
19-05-2025
- Automotive
- Web Release
MAHY KHOORY AUTOMOTIVE EXPANDS ITS UAE FOOTPRINT WITH NEW DONGFENG SHOWROOM IN ABU DHABI
Dongfeng – MAHY Khoory Automotive proudly announces the opening of its first showroom in Abu Dhabi, marking its second location in the UAE. This milestone underscores the brand's ongoing commitment to expanding its presence and delivering exceptional automotive experiences across the region. Strategically located on Airport Road near the World Trade Centre, the new facility offers customers in the capital convenient access to the full range of Dongfeng vehicles, enhancing the brand's presence and customer reach in the United Arab Emirates. The showroom features a wide range of models, including SUVs, sedans and commercial vehicles like the Dongfeng Rich 7, a versatile option designed for both personal and business use. Customers can also explore the DONGFENG 007, an electric vehicle known for its impressive range of up to 1,200 kilometres and rapid charging capabilities, reflecting the brand's commitment to innovative mobility solutions. Dongfeng – MAHY Khoory Automotive has set a benchmark in automotive excellence with its state-of-the-art service centre in Al Quoz, Dubai, renowned for exceptional maintenance and customer support. Building on this foundation, the company is expanding its footprint in the UAE with plans to open a cutting-edge service centre in Abu Dhabi, bringing enhanced convenience and premium service to its local customers. Additionally, new showrooms in Mussafah are on the horizon, offering greater accessibility to Dongfeng's comprehensive range of vehicles and services, reinforcing the brand's commitment to superior customer experiences. 'The opening of our new showroom in Abu Dhabi is a significant milestone in our journey to provide innovative and customer-focused mobility solutions in the UAE. We remain committed to enhancing the ownership experience for our customers', commented Mr. Saj Jabbar, General Manager, MAHY Khoory Automotive. This expansion follows the successful unveiling of the DONGFENG 007 at the Electric Vehicle Innovation Summit (EVIS) Abu Dhabi 2025, where the model received considerable attention for its cutting-edge technology and design. As part of its commitment to exceptional customer experience, Dongfeng – MAHY Khoory Automotive is focused on providing personalised support and seamless ownership journeys. This includes dedicated customer care teams, comprehensive after-sales services, and advanced service centres designed to deliver convenience, reliability, and peace of mind for every vehicle owner.
Al Etihad
14-05-2025
- Politics
- Al Etihad
Crown Prince of Abu Dhabi departs from Riyadh after attending Gulf-US Summit
14 May 2025 16:25 ABU DHABI (ALETIHAD)His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has departed from Riyadh after leading the UAE delegation to the Gulf–US Summit on behalf of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE. His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan was accompanied by a delegation including His Excellency Sheikh Khalifa bin Tahnoon bin Mohammed Al Nahyan, Chairman of the Abu Dhabi Crown Prince Court; His Excellency Ali bin Hammad Al Shamsi, Secretary-General of the Supreme Council for National Security; His Excellency Khaldoon Khalifa Al Mubarak, Chairman of the Executive Affairs Authority; His Excellency Yousef Al Otaiba, UAE Ambassador to the United States of America; Her Excellency Lana Zaki Nusseibeh, Assistant Minister of Foreign Affairs for Political Affairs; His Excellency Saif Saeed Ghobash, Secretary General of the Abu Dhabi Executive Council; and Her Excellency Maryam Eid AlMheiri, Chairperson of the Abu Dhabi Media Office. Source: Aletihad - Abu Dhabi
The National
07-04-2025
- Business
- The National
Middle East markets tumble after sharp fall in Asia amid Trump tariff chaos
The global stock market rout deepened on Monday with equities across Middle East markets plummeting after sharp falls in Asia, caused by US President Donald Trump's tariff chaos and slumping oil prices. Equity markets in the Middle East extended losses after suffering their worst rout in five years on Sunday, amid fears of a global trade war and a sharp slowdown in the global economy as US and Beijing hunker down for a tariff showdown. Saudi Arabia's benchmark Tadawul Index fell 2.7 per cent at 11am UAE time, extending an almost 7 per cent fall a day earlier. In the UAE, the Dubai Financial Market General Index slumped by more than 6 per cent, while the Abu Dhabi Securities General Index was down 4.48 per cent. Bourses in Kuwait and Bahrain were also trading down nearly 1 per cent each, while the Qatar Stock Exchange was down almost 2 per cent. Out of 253 companies listed on the main Tadawul exchange, the biggest bourse by market capitalisation in the Arab world, 250 fell while only one advanced, according to exchange data. "Market response to the tariff announcement has been enormously negative as the individual country levels and baseline of 10 per cent were higher than seemingly many market participants had been expecting," said Edward Bell, acting group head of research and chief economist at Emirates NBD. Energy stocks in particular took a beating, while shares of listed property companies as well as banks also tumbled. Saudi Aramco, the largest oil exporting company in the world, stemmed losses after falling by 4.75 per cent on Sunday and was trading 0.4 per cent lower on Monday. However, Adnoc Gas in Abu Dhabi dropped by 9 per cent, while Aldar Properties also fell by almost 8 per cent. Shares of Abu Dhabi Commercial Bank and First Abu Dhabi Bank slumped by 8.4 per cent and 5.2 per cent, respectively. Analysts say volatility would be the new normal in GCC markets, in line with the global risk market moment. "In the case of Dubai stocks specifically, the overall volatility could be much higher than its peers because they were the consistent top performers over the last two-year period," Vijay Valecha, chief investment officer at Century Financial, said. "The initial reaction across the GCC indices suggests that regional risk assets are likely to stay and mimic the movement of the developed market indices. For GCC indices, another headwind factor is the ongoing downfall in oil prices." In Dubai, Emaar Properties, the biggest-listed developer in the emirate, fell by more than 9 per cent while Dubai Islamic Bank slumped by 7.6 per cent. With oil trading below $70 per barrel level, "we are certainly sellers of petrochemicals and commodity stocks, having already started the year with an 'underweight' on both sectors", EFG Hermes analyst Mohammed Abu Basha wrote in a note. However, "raising our heads beyond the short-term volatility/panic, we believe such a macro setting is relatively benign for emerging markets, particularly the Mena region's oil-exporting economies" as they offer investors: "fundamental strong growth stories, driven by structural transformation" as well as strong balance sheets, good access to capital markets and pegged currencies. "We favour fundamentally domestic-demand-driven sectors, led by property, financials, utilities and logistics," Mr Abu Basha said. Asian shares also nosedived on Monday after Wall Street's meltdown on Friday over after Mr Trump revealed his tariff agenda and Beijing's retaliation. Tokyo's Nikkei 225 index closed 7.83 per cent lower on Monday. South Korea's Kospi lost 5.57 per cent, while Australia's S&P/ASX 200 tumbled 4.23 per cent. Hong Kong's Hang Seng index dropped by 13.55 per cent, while China's Shanghai Composite Index fell 7.34 per cent. Monica Malik, chief economist at Abu Dhabi Commercial Bank, said the fall in markets reflects fears that a global trade war could lead to recession, alongside the fall in the oil price. "China's counter measures further add to the concerns, though we believe that it could reflect a negotiation tactic,' Ms Malik said. 'We expect significant volatility in the coming weeks, given the time for countries to negotiate new trade deals with the US.' Mr Trump unveiled his most wide-ranging tariff policies last week, targeting all trading partners of the US with a minimum 10 per cent tariff and much higher rates for countries that the US claims to place high tariffs on US imports. Among the major trading partners hit with new higher tariff rates include China at 34 per cent, the EU at 20 per cent, India at 26 per cent, Japan at 24 per cent and South Korea at 25 per cent. Many smaller, emerging economies have been hit with much higher tariff rates on the US government's claim that they charge near 100 per cent tariffs on imports of US goods. China has already retaliated with its own 34 per cent tariff on imports from the US, while other trading partners are considering their responses to the US's major disruption to global trade. Beijing plans to impose tariffs starting April 10. The baseline 10 per cent rate took effect on April 5, while the higher individual levels will be implemented on April 9. The six-nation GCC bloc – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE – along with Middle East and North Africa nations Egypt, Iran, Lebanon, Morocco and Yemen, all received the minimum 10 per cent tariff. Syria was the hardest hit at 41 per ent, followed by Iraq (39 per cent), Libya (31 per cent), Algeria (30 per cent), Tunisia (28 per cent) and Jordan (20 per cent). US futures also signalled further weakness. The futures for the S&P 500 lost 3.47 per cent while that for the Dow Jones Industrial Average dropped 3.05 per cent. The futures for Nasdaq lost 3.76 per cent. The US dollar weakened against the yen and euro, as the market turmoil continues. The Dow Jones index dropped 8 per cent last week, the US dollar index fell 1 per cent and 10-year US Treasury yields fell 25 basis points as markets price in a greater chance of a US recession. Markets have increased their rate cut expectations to four 25bps cuts by the end of the year even amid the inflationary risks the tariffs pose.
