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Abu Dhabi
Economy
ADX confirms rebranding of Bayanat AI PLC to Space42 PLC after merger with Yahsat
The name change is set to take effect on October 1, 2024
Economy
Abu Dhabi’s Jubail Island awards $108.9 million construction contract for Jubail Town Centre
The contract covers four office buildings and two residential structures—Jubail Terraces 7 and 8
Economy
Dubai, Abu Dhabi, Riyadh centi-millionaire communities to grow over 150 percent by 2040: Report
Centi-millionaire communities have grown globally by 54 percent over the last decade
Economy
UAE, Eurasian Economic Commission to enhance economic ties as non-oil trade hits $13.7 billion in H1 2024
Dr. Thani bin Ahmed Al Zeyoudi met Andrey Slepnev in Moscow lately to discuss expanding UAE-Eurasian trade and investment
Banking & Finance
Abu Dhabi Housing Authority and Abu Dhabi Commercial Bank collaborate to enhance housing loan accessibility for UAE nationals
This initiative allows eligible citizens to secure extra financing on their AED1.75 million loans for better housing
Banking & Finance
ADNOC Distribution approves $350 million interim cash dividend for H1 2024
ADNOC Distribution to pay the second and final dividend for 2024 in April 2025
Economy
UAE celebrates 94th Saudi National Day, reinforcing fraternal ties as non-oil trade soars to $280.96 billion from 2014 to 2023
The fraternal ties between the UAE and Saudi Arabia exemplify a unique model of collaboration
Banking & Finance
UAE public joint-stock companies distribute $16.8 billion in cash dividends and bonus shares in 2023, reports SCA
Of this total, 94 percent was for cash dividends and 6 percent for bonus shares
Economy
UAE’s economy projected to grow 4.8 percent in 2025 driven by non-oil sector, tourism surge: Oxford Economics
The non-oil sector is expected to grow by 4.6 percent year-on-year in 2024
Logistics
Etihad Cargo, SF Airlines strengthen UAE-China trade with joint venture commitment
Key aspects of the joint venture include greater aircraft capacity, improved transit times and interconnected networks
Sustainability
Abu Dhabi’s G42, NVIDIA partner to advance climate technology
The two companies will establish a new operational base and a climate tech lab in Abu Dhabi
Economy
VERSES AI, Analog launch smart city pilot in Abu Dhabi to optimize taxi fleet management
The project aims to simulate taxi fleet management in Abu Dhabi using the Genius platform
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