Abu Dhabi

Abu Dhabi’s ADGM reduces license fees by over 50 percent

Fee revisions will be applicable from January 1, 2025

UAE Central Bank’s gold holdings reach $5.54 billion by April end, up 12 percent year-on-year

Reserves increased on a monthly basis by 3.5 percent from AED19.615 billion in March 2024

KEZAD invests $81.67 million in expanding natural gas network in Abu Dhabi

The new network has been developed by KEZAD Group's subsidiary, KEZAD Utilities & Facilities Management Company, in three phases

ADNOC, Mubadala collaborate to cultivate Emirati talent for UAE’s sustainable future

The move aims to develop Emirati talent for crucial sectors through advanced training

Abu Dhabi’s non-oil GDP grows 4.7 percent in Q1 2024

The total value of the emirate’s economy (oil and non-oil sectors) reached AED286 billion during this period

UAE banking sector transfers surpass $1.66 trillion in first four months of 2024

The value of transfers executed through the system increased by over 20 percent year-on-year

Top 5 GCC IPOs by proceeds during H1 of 2024

GCC region raised total proceeds of $3.6 billion from 23 IPOs during the first six months of 2024

GCC companies raise $3.6 billion from 23 IPOs in H1 of 2024: Report

The Kingdom raised $2.1 billion from 19 offerings, making up 59 percent of total GCC IPO proceeds

ADNOC Gas awards $550 million contracts to expand UAE gas infrastructure, increase customer reach

The contracts were awarded to NMDC Energy P.J.S.C and Galfar Engineering & Contracting W.L.L Emirates

Sustainable investments could unlock $2 trillion for GCC countries by 2030: Report

Green finance is surging in the GCC, with over $8.5 billion in green and sustainable bonds and Sukuk issued in 2022

CBUAE’s foreign assets surge 2.55 percent to $204.27 billion in April 2024

The Central Bank has added more than AED176 billion to its foreign assets within a year

Top summer 2024 travel destinations for UAE residents revealed

Data showed a significant uptick in both domestic and international travel

ADNOC deploys AIQ’s RoboWell AI solution to autonomously operate wells

RoboWell delivers up to 30 percent optimization in gas lift consumption and up to a 5 percent increase in operating efficiency

UAE, Poland discuss collaboration in treasury, fintech, and renewable energy during first strategic financial dialogue

The dialogue seeks to boost bilateral trade and economic diversification initiatives

GCC tourism’s contribution to GDP to surge to $340 billion by 2030: Report

The GCC region already boasts some of the world's most modern airports

Sheikh Khaled witnesses signing ceremony for international partners joining ADNOC’s Ruwais LNG project

His Highness met with heads of global energy companies to discuss the future of the sector

One million mangrove seeds planted using drone technology in Abu Dhabi

EAD and its partners completed 14 programs with a progress implementation rate of 49 percent

UAE work permit cancellation to take just 45 seconds with zero documents

The new process eliminates the previous requirement of two documents

UAE-based startups lead MENA region in funding in June, securing $82.5 million across 15 deals

MENA startups raised $116 million in June 2024, bringing H1 total to $882 million

UAE doubles passport validity to 10 years for citizens aged 21 and above

The move aims to reduce bureaucracy and save time for citizens

Abu Dhabi World Food Security Summit 2024 to empower innovative solutions for hunger-free world

The event is set to be hosted for the first time on November 26-27, 2024

UAE’s ADNOC, JBIC sign $3 billion green financing agreement

The credit facility is part of JBIC's GREEN lending program and is partially supported by Japanese commercial banks

ADNOC cuts 6.2 million tons of greenhouse gas emissions in 2023: Report

ADNOC aims to achieve a 5 percent energy efficiency improvement by 2025

UAE holidays: 35 percent jump in international travel bookings in July, August, says report

Most popular destinations for international travel from the UAE include Thailand, Maldives and Mauritius