Abu Dhabi

ADIA establishes subsidiary in India’s GIFT City

The subsidiary has received regulatory approval from the IFSCA and is now operational

Abu Dhabi’s Masdar expands clean energy to 31.5 GW, generating 26,700 GWh and avoiding 14 million tons of CO2e

This is up from 10 million tons last year, equivalent to removing nearly 870,000 vehicles 

DoH – Abu Dhabi, Ma’an raise over $4 million for Abu Dhabi health Research and Innovation Grant

This initiative supports DoH’s mission to transform the regional healthcare landscape through science and technology 

Etihad, DCT Abu Dhabi ‘stopover’ initiative sees 242 percent surge in travelers

The initiative's relaunch has surpassed expectations and significantly boosted the emirate's tourism industry

ADX records 15 major deals on ADNOC Gas and Modon valued at $724.2 million

The first transaction involved 505.8 million shares of Modon Holding for AED2.44 billion across six deals at AED4.83 per share 

ADIPEC 2024: Global energy industry to explore role of AI, finance in energy transition

Three new conferences to feature new voices from finance, technology, youth and the Global South

M42, ADGM Academy partner to upskill Emirati professionals in health tech

Partnership to create an educational hub to train the next generation of Emirati professionals across various health tech roles

UAE, Saudi Arabia top Arab region with $32 billion in gross written premiums 

Global gross written premiums totaled about $6.78 trillion at the close of 2022

UAE insurance sector profits reach $680.6 million in 2023, reports CBUAE

The total number of insurance policies written across all types in the UAE surged to 14.6 million 

Abu Dhabi sets new mortgage records in Q3 with $3.67 billion in 2,594 transactions 

This represents the highest quarterly volume seen in recent years

Abu Dhabi’s ADQ accelerates AI adoption across its portfolio with EQTY Lab solutions

Teams will deploy a new AI Integrity suite that aims to ensure ADQ’s AI models are reliable, secure and transparent

UAE’s Space42 makes debut on ADX following Bayanat and Yahsat merger

Space42 merges Bayanat’s sophisticated geospatial analytics with Yahsat’s premier satellite communications and AI innovations

ADNOC International to acquire German chemical firm Covestro

Deal will further drive the diversification of ADNOC’s chemical portfolio

Abu Dhabi’s Fertiglobe approves $150 million interim dividend for H1 2024

This translates to AED551 million or 6.6 fils per share 

ADNOC Drilling announces Turnwell JV to execute $1.7 billion unconventionals contract

Turnwell adopts batch drilling, which is a method that improves efficiency and reduces costs

Crown Prince of Abu Dhabi holds talks with Qatar’s Emir, uncovers new avenues for strategic partnership

The talks focused on advancing joint cooperation in strategic sectors of mutual interest

GCC sovereign wealth funds deploy $55 billion in first 9 months of 2024: Report

The region now has seven active stock exchanges that host 877 listed companies with an aggregate market capitalization of $4.3 trillion

Crown Prince of Abu Dhabi arrives in Doha on official visit

Sheikh Khaled and Sheikh Abdullah discussed ways to strengthen cooperation in key areas for the benefit of both nations

Abu Dhabi SME Champions Program awards $24.1 million in procurement deals within first six months of 2023 launch

During its pilot phase, the program awarded 54 contracts to 49 SMEs, averaging AED1.8 million each 

Solomon Islands embassy inaugurated in Abu Dhabi 

Dr. Al Zeyoudi and PM Manele revealed a plaque that signifies the establishment of the Solomon Islands' diplomatic mission in the emirate

Abu Dhabi’s Masdar expands U.S. portfolio, acquires 50 percent stake in Terra-Gen

Masdar plans to build 100GW of capacity in its global renewable energy portfolio by 2030

Abu Dhabi reports new record GDP of $80.86 billion, 4.1 percent increase in Q2 2024

This growth is driven by the development of non-oil sectors, showcasing the emirate's economic diversification efforts

UAE commits $30 million to boost Ghana’s biodiversity and climate initiatives

The framework outlines six key investment areas, including biodiversity corridors, reforestation