Abu Dhabi

Abu Dhabi’s Etihad Airways records 10.4 million passengers during Jan-Jul 2024

The airline transported 1.7 million passengers in July 2024, achieving an 89 percent load factor

e& UAE launches fibre-to-the-room solution for better home Wi-Fi performance

The new service seeks to transform homes into hubs for work, entertainment, and more

UAE freelance license: Abu Dhabi’s ADDED adds 30 new activities

With these additions, the freelancer license now includes 100 different activities

Etihad to launch three weekly A380 flights to Mumbai for 4 months starting September 1

By early 2025, Etihad Airways will have its sixth A380 in operation

UAE IPOs surge in Q2 2024, raising $890 million: Report

Sharia-compliant financial products are in high demand, with Sukuk issuances exceeding $10 billion in Q2

Abu Dhabi’s ADX, Armenia Securities Exchange partner to promote market development, innovation

Agreement to pave the way for the inclusion of the Armenia Securities Exchange as a member of the Tabadul Digital Exchange Hub

Abu Dhabi’s real estate FDI jumps 225 percent to $893 million in H1 2024

During the first half of 2024, Abu Dhabi recorded 12,439 real estate transaction activities with a value of AED36.2 billion

Abu Dhabi Bayanat’s smart solutions power strong H1 2024 with $74.32 million revenue

The company's gross profit for H1 2024 reached $22.86 million, translating to a gross margin of 31 percent

Resilient MENA IPO market generates $2.64 billion in Q2 2024, set for strong remainder of year: Report

Q2 global IPO activity experienced 15 percent drop in offerings and 31 percent decline in proceeds

Abu Dhabi’s TAQA reports 12.3 percent rise in net income to $1.2 billion in H1 2024

TAQA's revenues rose 2 percent annually to AED27.2 billion mainly due to the contribution from SWS Holding

UAE’s ADNOC Drilling to join MSCI flagship indexes, boosting global visibility and investor appeal

The company will become the 12th member of the MSCI UAE index after meeting the necessary criteria

UAE nationals receive $691.53 million in home construction tax refunds from FTA

This covers the period since the service was launched and until the end of the first half of 2024

UAE’s diversified economy maintains robust growth in real estate, tourism, and manufacturing: OPEC

OPEC reported that the housing, utilities, and fuels sector rose to 6.7 percent YoY in June, up from 6.6 percent in May

ADNOC Gas net income rises 21 percent to $1.19 billion in Q2 2024

ADNOC Gas fulfils over 60 percent of the UAE’s gas demand and is a major player in fueling the development of key industrial sectors

Abu Dhabi, Dubai ranked top liveable cities in Middle East and Africa

Among the top-ranking GCC cities were Kuwait City, Doha and Bahrain in the 3rd, 4th and 5th places, respectively

Etihad Airways to fly Airbus A380 to Singapore, adds six new flights to Thailand

The airline's new Thailand schedule will include 21 flights to Bangkok and 20 to Phuket

Abu Dhabi’s Burjeel logs 10.4 percent revenue jump in H1 2024, reaching $653.4 million

The group saw increases of $37.3 million in outpatient revenue and $22.3 million in inpatient revenue

UAE’s ADNOC Drilling aims for $1.3 billion net profits and 148 rigs by 2026, says CFO

The company has raised its medium-term revenue expectations to $3.85 billion for the fiscal year 2024

ADNOC Distribution net profit rises 12.9 percent to $170 million in Q2 2024

Company's non-fuel retail gross profit increased by 13.5 percent annually in Q2 2024 to $56 million

UAE Banks Federation, ICAEW collaborate to guide businesses in digital currency adoption

The UAE is one of only 36 countries worldwide currently piloting the implementation of CBDCs

Abu Dhabi’s Etihad Airways soars with $232 million profit in H1 2024, up 48 percent YoY

Total revenue increased 21 percent to $3.2 billion, from $2.6 billion in H1 2023

Abu Dhabi boosts traffic safety with new work accelerators plan

The work accelerators plan will focus on six key areas and include three stages: design, acceleration and delivery

Arab stock exchanges exceed market cap of $4.17 trillion in H1 2024: AMF

Fed's decision to hold rates for the seventh time impacted performance of global financial markets and Arab stock exchanges