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Abu Dhabi
Economy
Abu Dhabi’s ADGM reduces license fees by over 50 percent
Fee revisions will be applicable from January 1, 2025
Economy
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
Energy
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
Miscellaneous
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
Economy
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
Banking & Finance
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
Markets
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
Markets
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
Energy
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
Sustainability
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
Banking & Finance
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
Hospitality & Tourism
Top summer 2024 travel destinations for UAE residents revealed
Data showed a significant uptick in both domestic and international travel
Energy
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
Economy
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
Hospitality & Tourism
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
Energy
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
Sustainability
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
Economy
UAE work permit cancellation to take just 45 seconds with zero documents
The new process eliminates the previous requirement of two documents
Banking & Finance
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
Miscellaneous
UAE doubles passport validity to 10 years for citizens aged 21 and above
The move aims to reduce bureaucracy and save time for citizens
Miscellaneous
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
Sustainability
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
Sustainability
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
Hospitality & Tourism
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
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