Economy Middle East

Abu Dhabi

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

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
Sustainability

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’s Borouge shareholders approve $1.3 billion dividend for 2023
Banking & Finance

Abu Dhabi’s Borouge shareholders approve $1.3 billion dividend for 2023

The company achieved $1 billion net profit in 2023

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

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
Banking & Finance

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
Economy

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
Energy

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
Energy

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

Project leverages advanced technologies and emphasizes sustainability

UAE gold prices show modest increase at market opening, eyes on U.S. inflation data
Markets

UAE gold prices show modest increase at market opening, eyes on U.S. inflation data

Globally, spot gold remained stable at $2,195.34 per ounce

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

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
Energy

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