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Economy Middle East Summit
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United Arab Emirates
Markets
UAE’s Bayanat quadruples on IPO debut
Bayanat is first company to list under the tech sector on ADX
Technology
Bin Touq: Hub71 a key platform for emerging UAE tech companies
"We aim to create a flexible business environment that stimulates growth"
Energy
UAE, OPEC+ keen on supplying world with oil it needs
"OPEC+ will continue to to work on balancing supply, demand"
Energy
Global leaders to address energy challenges at ADIPEC 2022
Al Jaber: "The energy security is the foundation for economic and social progress"
Banking & Finance
Alpha Dhabi reports record 9-month net profit of AED 9 billion
Amid ramp up and execution of its growth strategy
Banking & Finance
UAE achieves total revenues of AED 305 bn in H1
Financial surplus totaled AED 125.5 bn
Energy
Abu Dhabi’s Borouge revenues top over $5 bn in 9 months
On strong sales
Energy
ADNOC Distribution approves $2.25 bn worth of loans
To refinance existing debts, general corporate purposes
Banking & Finance
UAE companies continue to reap large Q3 profits in banking, real estate
Emirates NBD increased its Q3 net profit by 51% YoY
Banking & Finance
Abu Dhabi Investment Authority achieves strong returns in 2021
Driven by strong stock performance
Banking & Finance
UAE’s National Bank of Fujairah records 155.1% surge in net profit
Resilient performance supported by strong capital adequacy
Banking & Finance
Top UAE-listed companies reveal mixed Q3 profits
TECOM Group saw a 70% increase in its Q3 profits
Energy
UAE’s Al Seer Marine acquires third VLCC vessel valued at $107.8 mn
Company's total global VLCC deal value hits AED 900 mn in 4 months
Economy
UAE’s Government revenues increase to AED 463.9 bn in 2021
Social contributions also rose to AED 13.5 bn
Markets
Fifth auction of UAE T-Bond program receives bids worth AED 7.57 bn
And an oversubscription by 5.0x
Banking & Finance
Abu Dhabi Fund invests $125 mn in a private equity firm
Fund will be used to acquire sizeable positions in mid-market firms
Markets
Dubai set to sell 10% stake in Empower through IPO
Company became one of the world's largest district cooling service provider
Energy
Germany receives first container of UAE hydrogen-based ammonia fuel
Hamburg is hoping to become a hydrogen hub
Economy
Agriculture sector in UAE to contribute AED 19.3 bn to GDP by 2025
Country issued 30 "Agri-Tech" licenses since 2019
Markets
ADX posts 16.9% gains on FADX 15
Driven by new listings, increased investors, and trading uptick
Real Estate
UAE’s property developer Deyaar reports $9.89 mn in Q3 profit
More than fourfold jump
Banking & Finance
UAE bank investments surge AED 19.4 bn in 12 months
Investments climbed by AED 16.6 bn in first 8 months
Interviews
Lost your job? No problem. Still get paid
UAE employees are protected under the unemployment insurance scheme
Energy
UAE receives high ratings for ESG compliance
In contrast to the relatively low global average of only 5.5 out of 10
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