Is there anything worse than when your flight gets cancelled. Hussain al Nowais understands exactly how you must feel. Hussain al Nowais travels often and has had a few flights of his cancelled in his day. It’s not the end of the world, but it can be frustrating. Whether it’s a mechanical issue or […]
What Are Hussain al Nowais’s Favorite Travel Tips
Hussain al Nowais has traveled to everywhere from Dubai to Sydney, and he would be the first to tell you that everyone will have their own experiences and tips for traveling. However, there’s no harm in learning how others have traveled and what they have learned in their travels. If you are traveling for […]
Hussain al Nowais Wants You to Be Aware of Taxi Scams When You Travel
In September, a couple from Houston traveled to Miami to set sail for a Celebrity Equinox cruise. They had the day to spend in Miami before their cruise, so they hailed a taxi from the official taxi queue at Miami International Airport. They didn’t think that they were going to be overcharged for their […]
Can The UAE Reduce Oil Revenue Dependence?
When it comes to strategic business moves, it’s smart to continue growing because it has a positive domino effect that ends up benefiting many. Well, the Abu Dhabi government’s industrial holding company, Senaat, is doing just that! In fact, the company plans to strengthen investments in the industrial sector by providing it with more resources […]
Investment Company Waha Capital reports net Profit of Dh349 million in H1 2015
The Abu Dhabi-based investment company Waha Capital reported a net profit of Dh349 million for the first half of 2015. AerCap Holdings, Dunia Group and Capital Markets Division heavily contributed to the company’s performance. The first half net profit of Dh349 million was 24% higher than the Dh 107.8 million net profit reached in the […]
Can The UAE Reduce Oil Revenue Dependence?
The United Arab Emirates is one of the leading suppliers of oil and their revenue from the commodity accounts for a large portion of their financial strength. However, as the global market begins to transition towards alternative fuels and other energy sources, the UAE is taking steps towards changing their economy based on other revenue-generating […]
Abu Dhabi Investments Sparking Bank Recovery In Egypt
Over the last few years, Egypt’s economy has been struggling to keep a stable financial climate and prosperous market ventures. With high unemployment rates, millions below the poverty line and many fighting to make ends meet, Egypt has faced an onslaught of difficulties. However, with recent investments stemming from Abu Dhabi, Egypt is on the […]
$1 Billion Investment Into Energy Sector
The energy sector in the UAE and greater Arabian Gulf region will be getting an economic push from a $1 billion investment from the Abu Dhabi investment company Waha Capital. The investment will serve the power, oil and gas services sector according to the chairman, Hussain Al Nowais, but exact details on how many deals […]
Abu Dhabi Conglomerate Partners With Japanese Firms
The United Arab Emirates has been setting its sights on finding new ways to stimulate the economy by diversifying away from crude oil. The mission contributes to the overall efforts of national diversification with some initiatives already being set in motion like an entrepreneurship program that is aimed to give Emirate citizens the chance to […]
Hussain al Nowais To Sell Unit Shares
The chairman of Senaat, Hussain al Nowais, has hired two companies to sell share units of the Abu Dhabi-based holding company. Senaat is the state-owned holding company in the UAE that is working with HSBC Holdings and JPMorgan Chase for the sale of the units. Originally, Senaat had plans to sell share units a year […]