Abu Dhabi

UAE tourism sector contributed $59.89 billion to GDP in 2023, generated 809,000 job opportunities

Projections suggest that the number of job opportunities will increase to 833,000 in 2024

Third edition of Make It in the Emirates Forum begins in Abu Dhabi, focusing on investment, innovation and growth

The forum features a diverse range of participants, including government, business, and financial representatives

UAE Islamic banks surpass $195.39 billion in assets, up 13.61 percent year-on-year

The assets of Islamic banks operating in the UAE increased by about $23.41 billion over the past 12 month

UAE announces $10 billion investment package to boost Pakistan’s promising economic sectors

In January 2023, the UAE agreed to roll over an existing $2 billion loan and provide an additional $1 billion to Pakistan

$935 million institutional placement of ADNOC Drilling shares complete

ADNOC will retain the majority 78.5 percent of ADNOC Drilling

Emirates NBD upgrades UAE’s non-oil growth forecast to 5 percent in 2024

In 2023, the UAE's economy grew by 3.6 percent, in line with the bank's forecasts

UAE and France partner to boost global AI ecosystem

The partnership will cover various areas, including data centre and supercomputing infrastructure buildout

High-net-worth individuals poised to invest $4.4 billion in Dubai’s residential real estate: Report

According to Knight Frank, Dubai's prosperity has been fuelled by its transformation into a global commerce hub over the last 50 years

Sheikh Mohammed bin Rashid visits Zayed International Airport in Abu Dhabi

The airport spans 742,000 square meters and can handle up to 45 million passengers per year

UAE leads MENA region, ranks among top 20 on WEF travel and tourism index

According to the report, the UAE has raised its score by 4.4 percent in the 2024 index

Abu Dhabi’s Mubadala backs Japan’s 108GW solar target with inaugural renewable energy investment

PAG REN I platform will play a critical role in supporting large corporations across Japan as they transition to clean energy

ADX launches Global Investor Roadshow in New York, showcases leading companies

Market capitalization of 15 of ADX’s most prominent listed companies reaches over $228 billion

Abu Dhabi’s Tadweer Group, DUBAL Holding acquire e-waste specialist Enviroserve

Acquisition seeks to enhance Tadweer Group's sustainable waste management operations, e-waste recycling capabilities

Abu Dhabi’s ADGM sees record 211 percent surge in AUM in Q1 2024

107 asset and fund managers operating in ADGM, currently managing 137 funds

UAE aviation sector sees 14.7 percent passenger growth in Q1 2024 at 36.5 million

The breakdown includes over 10.7 million arrivals, 10.9 million departures, and nearly 15 million transit passengers

UAE’s ADNOC Drilling secures $1.69 billion contract to develop 144 unconventional wells

To service the contract and explore future opportunities, ADNOC Drilling has incorporated Turnwell Industries

Mubadala’s assets under management rise 9.45 percent to $300 billion in 2023

Company's diverse ventures generated total proceeds of AED99 billion in 2023

UAE’s ADNOC to begin operations at Ras Al Sadr gas field in Abu Dhabi

The Ras Al Sadr gas field has a production capacity of up to 100 million standard cubic feet of gas per day

UAE property sector thrives in Q1 2024, prices in Dubai up 20.7 percent: Report

Transaction volumes in Abu Dhabi saw a 22.6 percent increase

Abu Dhabi launches HealthX to advance emirate as global biotech, life sciences hub

The startup program will help onboarding 30 global life science startups into the UAE's healthcare ecosystem over the next 2 years

How to get a work permit in the UAE?: A complete guide

A work permit number is a unique identifier assigned to every employee in the UAE by the MOHRE

UAE construction sector flourishes despite global challenges, holds $590 billion project pipeline: Report

$3.9 trillion is the estimated pipeline value of unawarded construction projects in MENA from 2024-28

Abu Dhabi’s TAQA posts $571.7 million net income in Q1 2024

The group revenues reached $3.7 billion, marking a 5.3 percent increase compared to the previous year