Abu Dhabi

Abu Dhabi’s non-oil GDP grows 9.1 percent in 2023

Real GDP grew 3.1 percent during the period

Eco sea wall panels deployed in Abu Dhabi by AD Ports Group

The project seeks to restore marine biodiversity to development-affected shorelines

Abu Dhabi to create 178,000 new jobs in tourism sector

Tourism strategy approved in Executive Council meeting chaired by Sheikh Khaled

Abu Dhabi fund’s development and investment financing surpasses $58.8 billion in 2023

Achieving sustainable development and supporting developing countries remains a priority

UAE dominates the entrepreneurship scene for third year in a row: Report

The UAE's historic score of 7.7 sets a new record, making it the highest in the history of the report

UAE’s ADNOC Distribution revamps dividend policy, commits to $700 million or 75 percent of net profit until 2028

The company also reiterated dedication to 5-year growth strategy, encompassing AI, digitalization, and cutting-edge tech

Abu Dhabi’s TAQA, Japan’s JERA to develop greenfield plant in Saudi Arabia

Project leverages advanced technologies and emphasizes sustainability

UAE joins global initiative for achieving near-zero emission buildings by 2030

The move reflects UAE’s commitment to global cooperation in decarbonizing the building sector and bolstering resilience

New UAE rule to register insured Emirati employees within 30 days of hiring

Penalty for non-compliance: AED200 per day of delay, multiplied by number of insured employees

UAE’s ADNOC starts crude oil extraction from Belbazem offshore block

Belbazem offshore block's production capacity set to increase: 45,000 bpd of crude oil and 27 million mmscfd of gas

Sheikh Khaled approves $953 million Yas Canal residential project in Abu Dhabi

The project is expected to be completed in the last quarter of 2027

Abu Dhabi named Arab Environment Capital for 2023

Recognizing the emirate’s achievements in environmental protection and climate action over several years

ADGM ensures seamless transition with incentive program for Al Reem Island businesses

Eligible businesses on Al Reem Island will be exempt from the fees associated with obtaining an ADGM commercial license until October 31, 2024

Abu Dhabi’s Mubadala expands life sciences portfolio with acquisition of Kelix Bio

The acquisition seeks to boost life sciences sector and economic diversification

UAE gold prices gain, but dollar strength limits record highs

Copper rebounds, yet 11-month highs prove elusive

Investopia 2024: IOTA Foundation launches $10 million investment fund

The fund cements Investopia's position as a global incubator for technology innovation investments, digital trade, and new economy projects

Abu Dhabi extends 10 percent tourism tax waiver until December 2024

The waiver is among several recent measures aimed at fostering the expansion of the tourism and events industry in Abu Dhabi

UAE’s AD Ports Group acquires majority stake in Georgia’s Tbilisi Dry Port

AD Ports Group will initially invest AED61 million in the project

Shareholders of Abu Dhabi’s Bayanat and Yahsat to vote on merger to create SPACE42 valued at $4.1 billion on April 25

SPACE42 set to achieve significant cost and revenue synergies by cross-selling and up-selling existing solutions

Abu Dhabi’s Tabreed shareholders approve new record high dividend payment for FY 2023

Shareholders approved a remarkable dividend payment of 15.5 fils per share