#Abu Dhabi

Sanad Facility -Mubadala owned Sanad reports robust growth in H1 2024

Sanad growth soars in H1, expects revenue to hit Dhs4.5bn by year-end

Sanad projects a significant jump to Dhs4.5bn by year-end, reflecting a 28 per cent increase over 2023 and double the revenue of 2022

Abu Dhabi

5 reasons why Abu Dhabi and Dubai feature in world’s top smart cities index

The UAE capital climbed three places to secure 10th position, while Dubai also improved its standing, moving from 17th to 12th place among 142 cities worldwide

ADGM

Abu Dhabi’s ADGM announces major licence fee reduction for multiple sectors

The revised fee structure will apply to all categories of licences and will be effective from the start of next year

Abu Dhabi GDP

Abu Dhabi GDP growth hits 3.3% in first quarter of 2024

Non-oil activities now contribute 54.1 per cent to Abu Dhabi’s economy—the highest since 2015

Global energy firms take 40% stake in ADNOC LNG plant

ADNOC’s Ruwais LNG sells 40% stake to Shell, Total, BP, Mitsui

The state energy giant said it now has buyers lined up for 70 per cent of the plant’s 9.6 million-tonne annual production capacity

Abu Dhabi: ADX lists Lunate's Chimera JP Global Sukuk ETF

Lunate’s Chimera J.P. Morgan Global Sukuk ETF lists on ADX

The ETF offers investors access to a diversified portfolio of Shariah-compliant corporate and government sukuks across several global markets

Abu Dhabi non-oil gdp grwos by 59 per cent over a 10-year period GettyImages-1146024499-1-e1704043948632

Abu Dhabi’s non-oil GDP sees 59% growth in 10 years

In the past decade, Abu Dhabi’s construction sector has grown by 22.6 per cent, finance and insurance by 39 per cent, and manufacturing sector by 102 per cent

Abu Dhabi’s ADQ lists debut $2.5bn on local bourse

Abu Dhabi’s ADQ lists debut $2.5bn bonds on local bourse

The fund sold a $1.25bn five-year portion at 80 basis points (bps) over US Treasuries and another $1.25bn 10-year tranche at 90 bps over the same benchmark

Tadweer unveils subsidiaries to advance waste management

Tadweer Group launches subsidiaries to advance waste management

The launch of four subsidiaries follows the group’s acquisition of e-waste innovator Enviroserve in May

Abu Dhabi airports handle 22.4 million passengers in 2023

Abu Dhabi airports’ passenger traffic soars to 22.4 million in 2023

The number of annual arrivals through Abu Dhabi’s airports reached more than 11.1 million, while the number of departures stood at 11.3 million

ADNOC L&S invests $2.5bn to expand LNG fleet

Abu Dhabi’s ADNOC L&S expands LNG carrier fleet with $2.5bn investment

The new vessels will increase the company’s fleet of LNG carriers from 14 to at least 22 vessels

SpaceX to launch Yahsat Al Yah 4 and 5 satellites

SpaceX to launch Yahsat’s Al Yah 4 and 5 satellites

These satellites are expected to eventually replace the older Al Yah 1 and Al Yah 2, launched in 2011 and 2012, respectively

Influencer

What you need to know about Abu Dhabi’s social media influencer licence

The rules aim to ensure transparency and accountability in the fast-growing field of influencer marketing

Abu Dhabi luxury developments

Abu Dhabi’s luxury real estate boom: 9 projects to watch

The emirate’s luxury real estate market is on an upswing with a wave of high-end developments set to redefine city living

Abu Dhabi launches first-of-its-kind Family Business Index

Abu Dhabi launches first-of-its-kind Family Business Index

The index will provide a deeper understanding of the role and impact of family businesses on the economy and society

MUBADALA partners with SAILGP

Sailing-Brazil joins SailGP with backing from Abu Dhabi’s Mubadala

Brazil will start racing from the beginning of SailGP’s fifth season, which is due to begin in November

Etihad Airways - new summer routes

Summer travel: Etihad Airways adds new routes to Antalya, Bali, Jaipur and Al Qassim

In addition to the new routes, Etihad has commenced operations to several seasonal destinations and returned to popular summer hotspots

IHC’s shareholders approve Dhs5bn buyback plan

UAE’s IHC shareholders approve Dhs5bn share buyback program

The conglomerate said the rationale behind the buyback is driven by its robust financial standing, characterised by significant cash flow and a strong balance sheet

Abu Dhabi Government lists $5bn bonds on local exchange

Abu Dhabi Government lists $5.3bn bonds on local exchange

The stock exchange said that the listing will be in three tranches, starting on June 21

Abu Dhabi is MENA region's fastest-growing emerging startup hub, reveals study Image provided by Hub71 - Abu Dhabi's Global Tech Ecosystem

Abu Dhabi is MENA region’s fastest-growing emerging startup hub, reveals study

The GSER report highlighted Abu Dhabi’s strengths in the fintech, agtech and new food, and climate tech sectors, citing the density of talent, support resources, and startup activity

Advent and ADIA unit to acquire minority stake in Fisher Investments

Advent and ADIA unit to acquire minority stake in Fisher Investments

The money-management firm oversees $275bn for more than 150,000 clients including individuals and institutions

UAE DUBAI cost of living

Mercer’s 2024 Cost of Living City Ranking: How expensive is Dubai?

The ranking highlights how cities around the world fare in terms of living expenses for expatriates

UAE weather rain summer temperatures

UAE weather: Temperatures soar to 49.5 degrees C, light rain offers brief respite

Residents and visitors are advised to stay hydrated, avoid prolonged exposure to the sun, and seek shelter during peak heat hours

Federal authorities to support AGWA cluster GettyImages-Tatian-Dolgova-1258165850-1

Abu Dhabi: Federal regulators unite to bolster new AGWA cluster

The AgriFood Growth & Water Abundance cluster aims to play a leading role in global efforts to tackle food shortages and water scarcity

Abu Dhabi - ADREC

Global HNWIs ready to spend $408.3m on residential real estate in Abu Dhabi, reveals report

International buyer activity has skyrocketed in Abu Dhabi, with sales to non-resident investors jumping from 3 per cent in 2021 to 28 per cent in 2023

Abu Dhabi unveils AGWA to boost food security

Abu Dhabi unveils new economic cluster to boost food security

AGWA is expected to contribute Dhs90bn in incremental GDP to Abu Dhabi’s economy and attract Dhs128bn in investments by 2045

Abu Dhabi’s DoH partners with ADIO and Etihad Airways to boost pharma capabilities

Abu Dhabi’s DoH partners with ADIO, Etihad Airways to boost pharma capabilities

The government-backed entities seek to leverage the emirate’s strategic location, lucrative investment opportunities and advanced logistics capabilities

Guests Enjoying Eid Al Adha Fireworks Image DCT Abu Dhabi

Where to watch the Eid Al Adha fireworks in Abu Dhabi, Dubai dates to come soon

Mark your calendars for June 17 and plan to visit one of these fantastic locations in Abu Dhabi for an exciting Eid Al Adha fireworks show

Here’s how IHC is cracking the growth code

Exclusive: Syed Basar Shueb on how IHC is cracking the growth code

The CEO of the conglomerate says the strong pipeline of projects within the group’s portfolio will continue to drive growth

KEZAD Group, NMDC ink manufacturing facility deal

KEZAD Group, NMDC sign Dhs367m manufacturing facility deal

NMDC Energy plans to invest $100m in the modular fabrication manufacturing facility