Abu Dhabi

UAE strengthens position as global leader in AI through strategic investments, partnerships

The country ranks third worldwide in attracting AI experts, with a strong emphasis on cultivating a skilled workforce to drive digital transformation

Mastercard, Amazon Payment Services to enable digital payment acceptance across Middle East and Africa

The payment service provider will use Mastercard Gateway for quick, seamless, and secure transactions in the region

UAE President directs $100 million in urgent relief for Lebanon

This initiative showcases the UAE's ongoing commitment to supporting Lebanon during its hardships

ADNH Catering IPO: Company to offer 40 percent of shares on ADX

The company plans to list 900,000,000 shares each with a nominal value of AED0.10

UAE banking sector demonstrates resilience with robust capital buffers, favorable liquidity conditions, says Central Bank

UAE's real GDP grew 3.6 percent, driven by rise in the non-oil sector, particularly in tourism, real estate, and finance 

48,735 pensioners and beneficiaries to receive $220 million in September: Date of disbursement revealed by UAE’s GPSSA

This amount reflects a notable increase of AED91,728,008 ($25 million) compared to the same month in 2023

Abu Dhabi awards oil and gas exploration concession to Malaysia’s Petronas

The company was awarded exploration concession for Onshore Block 2 in Abu Dhabi

Abu Dhabi-based ADQ’s $2 billion bond issuance to list on London Stock Exchange

Dual-tranche offering includes a $1 billion seven-year bond due in 2031 and a $1 billion 30-year bond due in 2054

‘Invest in the Emirates’ campaign goes global, seeks to generate over 200 million impressions

Campaign’s reach also extended to major airports in Zurich, Geneva, Munich, New York and Heathrow

Uber, China’s WeRide partner to bring robotaxi services to UAE

Companies to launch the robotaxi service first in Abu Dhabi later this year

UAE airports soar with 14.2 percent rise to 71.7 million passengers in H1 2024

This is compared to 62.8 million during the same timeframe last year

UAE Central Bank raises country’s GDP growth forecast for 2024 to 4 percent, 6 percent for 2025

Growth in 2025 will be fueled by strong non-hydrocarbon momentum and a rise in hydrocarbon production 

Sheikh Mohamed strengthens UAE-U.S. relations through key dialogues with U.S. senators on shared interests, global challenges

Key focus areas included the economy, trade, climate action, AI, renewable energy, and sustainability

AD Ports reports 30 percent rise in vehicle volumes at Autoterminal Khalifa with 90,000 square meters of yard expansion

Since 2021, AD Ports has tripled its revenue through strategic acquisitions and organic growth

Abu Dhabi’s Masdar announces $1.4 billion acquisition of Saeta from Brookfield

The acquisition encompasses a portfolio of 745 megawatts (MW) of primarily wind energy assets 

Abu Dhabi Finance Week reveals top finance leaders set to speak at 2024 edition

The 2024 edition will feature over 300 speakers, including CEOs and Chairs from 50 major global financial institutions

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 

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

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 

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

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

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