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Abu Dhabi
Economy
UAE’s real GDP to grow by 3.9 percent in 2024, 4.1 percent in 2025: Report
The broader MENA region is expected to grow 2.8 percent in 2024 and accelerate to 4.2 percent in 2025
Energy
ADNOC Drilling, Alpha Dhabi joint venture raises stake in Gordon Tech for $270 million
Acquisition follows Gordon Technologies' completion of setting up its Abu Dhabi business
Miscellaneous
UAE launches Phase 2 of ’Work Bundle’, simplifies work with digital platform, cutting 25 million steps, 2 million visits, 62 million working days
The platform reduces procedures from 20-30 days to 5 days
Logistics
UAE exports to Morocco reach around $1.32 billion in 2023
Moroccan exports to the UAE amounted to about $202 million in the same year
Real Estate
UAE’s ADPIC invests over $4.35 billion in infrastructure and development projects to improve quality of life in Abu Dhabi
71 projects have already been completed in 2023
Economy
Abu Dhabi’s new AGWA cluster to add $24.5 billion to GDP, generate 60,000 jobs
AGWA will be a global hub for novel food and ingredients, as well as technologies to increase access to and the utilisation of water resources
Economy
UAE’s ADGM, Bermuda Monetary Authority sign MoU to boost collaboration on digital asset regulation and supervision
The framework also encompasses investigative assistance, and capacity enhancement initiatives
Energy
ADNOC pays $1.19 billion to ADNOC Distribution bondholders to redeem U.S. dollar denominated bonds
Following the redemption, ADNOC Distribution’s free float remains unchanged at 23 percent
MENA
Rise of affordable housing to boost MENA’s real estate sector
Transforming the region with accessible and sustainable living solutions
MENA
Green finance is funding sustainable progress in MENA
Sale of green social, sustainable, and sustainability-linked bonds hit $24 billion in 2023
Real Estate
UAE’s real estate market to reach $707.86 billion by end of 2024: Report
The extended growth is due to HNWIs' interest in luxury property investment in Dubai
Markets
Abu Dhabi’s Alef Education’s ADX IPO draws $20 billion in orders, 39x oversubscription
Market cap on listing seen at $2.57 billion
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