Abu Dhabi

Abu Dhabi’s NMDC Energy starts trading on ADX following 31.3 times IPO oversubscription

The offering comprised 1.15 billion shares of the company, 23 percent of total capital, priced at AED 2.8 each

Abu Dhabi’s Hub71 welcomes 21 startups with $134.9 million in funding

Seven startups will join Hub71+ ClimateTech, gaining tailored resources for their sustainability missions

Abu Dhabi’s ADIO launches three state-of-the-art schools under Zayed City school PPP project

The first educational facility that ADIO's PPP procurement framework delivered was the Zayed City schools project

Abu Dhabi’s Yas Island unveils airport lounge at Zayed International Airport

The lounge is accessible to all guests free of charge and offers a dedicated waiting zone for the Yas Express bus

Abu Dhabi Crown Prince wraps up visit to India, reinforces bilateral bonds

Sheikh Khaled emphasized the robust historical, social, and economic connections that the two nations share

Abu Dhabi’s AI sector booms with 41.3 percent surge in new companies in H1 2024

Registered AI companies in the emirate grew at a compound annual growth rate of 67 percent between 2021 and 2023

Abu Dhabi’s ADQ launches Q Mobility to improve transportation services in Abu Dhabi

The initiative focuses on sustainable and integrated solutions to support the Emirate's growth 

Electric air taxis in UAE: U.S.-based Joby applies to become certified operator

In February 2024, Joby signed a definitive agreement with Dubai’s RTA to launch air taxi services in the emirate

Dubai, Abu Dhabi top 2024 global real estate transparency index regionally

Dubai has retained its position as the only property market in the MENA region to feature in the 'Transparent' tier

UAE’s ADNOC to supply LNG to Indian Oil Corporation for 15 years

The LNG will primarily be sourced from ADNOC's Ruwais LNG project

Abu Dhabi Crown Prince in India: Discussing bonds of friendship and cooperative ties with President Murmu

Sheikh Khaled signed the guestbook at Rashtrapati Bhavan, highlighting the historical UAE-India friendship

Finstreet to launch first regulated digital market in ADGM for private, public securities

Finstreet will grant eight licenses to its subsidiary entities to launch the first digital MTF, central securities depository, and private financing platform

UAE targets $27.2 billion in tourism investments by 2031, increasing GDP contribution to $122.5 billion 

In 2023, tourism accounted for 11.7 percent of the UAE’s GDP, amounting to $59.9 billion

Etihad Airways to launch four weekly flights to Warsaw and Prague

The airline will operate these routes using the modern Boeing 787 Dreamliner

NMDC Energy IPO oversubscribed 31.3 times, generating $24 billion in demand

At the close of the subscription period, the retail tranche was oversubscribed 600 times

UAE’s ADNOC launches inaugural $4 billion notes offering under GMTN Program

The net proceeds from this issuance will be utilized by ADNOC Group for general corporate purposes.

Abu Dhabi set to host AIM Congress 2025 in April

The event will address economic challenges through collaborative investment strategies

Softlogic partners with Daikin to advance UAE’s commercial air conditioning industry

The partnership is formed amidst a booming UAE air conditioning market worth over $650 million, driven by real estate growth

Abu Dhabi’s Masdar’s $1 billion green bond issuance drew $4.6 billion in demand, oversubscribed 4.6x

In July 2024, Masdar successfully raised $1 billion through its green bond issuance under its Green Finance Framework

ADNEC’s Tourism 365, Resorts World Cruises partner to boost regional cruise tourism growth

Arabian Gulf deployment to include key locations such as Sir Bani Yas, Abu Dhabi, Dubai, Muscat, Khasab and Doha

flynas launches inaugural flight at Zayed International Airport, linking Saudi Arabia and UAE with affordable travel

This new route will benefit business and leisure travelers, boosting tourism and trade between the two countries

Abu Dhabi’s Yahsat approves interim dividend of $55.79 million for H1 2024

Dividends will be distributed to shareholders registered by the end of the business day on September 12