Economy Middle East

Abu Dhabi

Disney announces new theme park resort in Abu Dhabi, UAE
Hospitality & Tourism

Disney announces new theme park resort in Abu Dhabi, UAE

This project will become Disney’s seventh theme park destination worldwide

Saudi Arabia leads MENA IPO market as proceeds reach $2.4 billion with 106 percent YoY growth
Markets

Saudi Arabia leads MENA IPO market as proceeds reach $2.4 billion with 106 percent YoY growth

Saudi Arabia recorded 12 out of 14 listings in the MENA region during this quarter

UAE’s ADNOC raises $1.5 billion through debut sukuk
Banking & Finance

UAE’s ADNOC raises $1.5 billion through debut sukuk

Net proceeds will support ADNOC Group for general corporate purposes and funding diversification

14 MENA IPOs raise $2.4 billion in Q1 2025, proceeds surge 106 percent
Markets

14 MENA IPOs raise $2.4 billion in Q1 2025, proceeds surge 106 percent

Saudi Arabia's Umm Al Qura for Development & Construction led the quarter with the highest proceeds

Alpha Dhabi Holding reports $1.2 billion adjusted EBITDA, $4.7 billion revenue growth of 23 percent
Banking & Finance

Alpha Dhabi Holding reports $1.2 billion adjusted EBITDA, $4.7 billion revenue growth of 23 percent

Company’s diverse portfolio has been crucial for driving revenue growth and enhancing profitability

ADNOC Distribution reports 16 percent net profit increase to $174 million in Q1 2025
Banking & Finance

ADNOC Distribution reports 16 percent net profit increase to $174 million in Q1 2025

EBITDA rose by 11 percent to $275 million, the highest first-quarter result since 2017 IPO

ADNOC Drilling secures $806 million contract for three new island rigs at offshore Zakum project
Energy

ADNOC Drilling secures $806 million contract for three new island rigs at offshore Zakum project

These three rigs are in addition to the three ordered in July 2024

Abu Dhabi and Japan eye stronger ties in clean energy, hydrogen and AI as free trade deal talks progress
Economy

Abu Dhabi and Japan eye stronger ties in clean energy, hydrogen and AI as free trade deal talks progress

Abu Dhabi to deepen cooperation in clean energy, hydrogen, AI, life sciences and next-generation technologies 

UAE’s new AI curriculum modernizes education, preparing students for tomorrow’s challenges
Miscellaneous

UAE’s new AI curriculum modernizes education, preparing students for tomorrow’s challenges

The AI curriculum aims to equip students with critical skills for navigating a digital world 

ADNOC Gas posts 7 percent rise in net income to $1.27 billion in Q1 2025
Energy

ADNOC Gas posts 7 percent rise in net income to $1.27 billion in Q1 2025

ADNOC Gas signed a series of mid to long-term LNG supply agreements valued at around $9 billion in Q1

UAE stocks rise as U.S.-China trade talk prospects lift market sentiment
Markets

UAE stocks rise as U.S.-China trade talk prospects lift market sentiment

The Dubai index gained 2.5 percent on a weekly basis, while Abu Dhabi gained 2 percent

SAAS Properties launches The St. Regis Residences elevating luxury living in Abu Dhabi
Real Estate

SAAS Properties launches The St. Regis Residences elevating luxury living in Abu Dhabi

The St. Regis Residences feature 161 luxury homes designed for modern connoisseurs and discerning tastes