Abu Dhabi

Abu Dhabi’s Alef Education posts $67.79 million in adjusted profit before tax in H1 2024

This translates to an adjusted profit before tax margin of 70 percent, up by 4 percentage points from H1 2023

UAE’s new AI Charter prioritizing safety, privacy, and societal trust in AI advancements

The launch reflects the UAE's vision to establish itself as a global AI hub

ADNOC’s offshore SARB field begins AI-enabled operations, raises capacity by 25 percent

Expansion supports ADNOC’s target to increase its production capacity to 5 million barrels of oil per day by 2027

UAE, Chile CEPA to boost non-oil bilateral trade to $750 million by 2030

Deal will also likely boost the value of UAE exports by $247 million by 2030, according to official UAE estimates

UAE, Chile sign CEPA to boost non-oil trade through tariff cuts and eased barriers

The CEPA also seeks to establish new investment and cooperation pathways, allowing private sectors to build partnerships

EWEC seeks bids to develop Madinat Zayed IPP project in Abu Dhabi

Expected to begin operations in Q3 2027, the Madinat Zayed project will provide up to 1.5 gigawatts of backup generation

G20: UAE to double digital economy’s GDP contribution to 19.4 percent with $20 billion investment

This investment signals the UAE's commitment to accelerating the growth and adoption of digital technologies across its economy

UAE and Morocco finalize CEPA to boost goods and services trade through tariff cuts, regulatory reforms

In 2023, the two nations had $1.3 billion in non-oil trade, a 30 percent increase from 2022 and 83 percent more than in 2019

UAE wins bid to host COSPAR 2028, world’s largest space research event

The country has become a leading hub for global scientific research, especially in space exploration

UAE’s EWEC issues bids for greenfield 400-megawatt energy system in Abu Dhabi

System will support EWEC's goal of raising its solar capacity to 7.5 gigawatts by 2030

UAE’s pension authority, ADGMA forge agreement to boost financial literacy among Emiratis

Agreement supports the UAE’s efforts to enhance financial awareness amongst Emiratis in federal, government and private sector entities

Dubai’s office stock grows by 20,000 sq. m., Abu Dhabi adds 7,500 sq. m. in Q2 2024: Report

The growth is attributed to a strong economy, diverse demand, and focus on quality, sustainable spaces

UAE announces $216.31 million in pension payments for July 2024, benefiting 48,199 pensioners

This marks an increase compared to July 2023, when AED711,323,785.25 was allocated to 46,835 recipients

UAE, Indonesia to boost cooperation in public finance, debt management, and climate finance

The two countries enjoy thriving bilateral trade, with $4 billion in volume in 2023 

UAE’s ADNOC L&S invests $1.9 billion in supersize ethane carriers and ammonia vessels

The VLECs will be deployed on 20-year time charter contracts, generating an estimated $4 billion in revenue

Surge in demand for industrial and logistics assets reaches 185 percent in Dubai, Abu Dhabi: Report

The Jebel Ali Industrial Area Second Category saw rents jump 38.5 percent to AED36 ($9.80) per sq ft.

PureHealth’s Ardent Health successfully concludes IPO on New York Stock Exchange

In September 2022, PureHealth acquired a 26.05 percent equity stake in Ardent Health for $500 million

Abu Dhabi Airports launches smart travel project: Time to serve passengers down to 7 seconds

Traveler registration service automation to eliminate the need for travel documents or direct interaction with airport staff

UAE and global gold prices lose luster amid profit-taking, dollar strength

In the UAE, gold prices fell with 24-carat gold inching up to AED293.50 per gram

Abu Dhabi Police launches AI-powered robot to make emirate’s roads safer

AI technology has enhanced efforts, shortened time and provided fruitful results in police and security work

Spanish EOS-X SPACE to launch space flights from Abu Dhabi next year

By 2029, the company seeks to achieve a turnover of $1.127 billion and a gross profit of $324 million

Abu Dhabi, Hong Kong forge cooperative agreement to facilitate global trade, investment flows

The MoU outlines a pledge for mutual cooperation on investment promotion exchanges and support

Yas Island’s eco-friendly city earns top sustainable urban design rating in Abu Dhabi

The Estidama 5 Pearl rating signifies excellence in sustainable design