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abu dhabi

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.
  • UAE airports see 14.2% passenger traffic surge in H1

    Abu Dhabi, UAE -UAE's airports experienced a 14.2 percent increase in passenger traffic, in the first half of 2024, handling over 71.7 million travelers compared to 62.8 million in the same period last year, latest data issued by the Central Bank of the UAE (CBUAE) showed.“Passenger traffic at the Abu...
  • Etihad Airways to run three Abu Dhabi-Lisbon flights a week

    Abu Dhabi, UAE - Etihad Airways is introducing a new direct service between Abu Dhabi and Lisbon, effective from 2nd July 2023.The airline will be connecting Abu Dhabi to Portugal’s capital city right in time for the summer holidays, with three weekly flights scheduled to be operated on Tuesdays, Wednesdays...
  • Investopia, Mubadala ink strategic partnership

    DUBAI, UAE -  Investopia, the global investment platform launched by the UAE Government, and Mubadala, the sovereign investor, announced a strategic partnership.This strategic partnership is focused on Investopia’s second annual event which will take place on March 2- 3, 2023 in Abu Dhabi, under the theme 'Envisioning Opportunities in Times...
  • Abu Dhabi Chamber, India’s FICCI explore areas of collaboration

    ABU DHABI, UAE -  The UAE and India share solid relations, said the Abu Dhabi Chamber of Commerce and Industry (ADCCI).M. A Yusuff Ali, Second Vice Chairman of the ADCCI reaffirmed the solid relations between the UAE and India, saying, "The UAE and India share a long history of solid...
  • Abu Dhabi economy grows fastest in MENA region at 10.5%

    The emirate has launched a number of initiatives in recent years as it focuses on diversifying its economy away from oil.
  • ADNOC delivers first Middle East LNG cargo to Germany

    Abu Dhabi, UAE-- ADNOC and RWE Aktiengesellschaft (RWE) Wednesday announced the successful delivery of the first shipment of Liquefied Natural Gas (LNG) from Abu Dhabi in the UAE to the Elbehafen floating LNG terminal in Brunsbüttel, Germany.Produced by ADNOC Gas at Das Island, Abu Dhabi, the shipment of 137,000 cubic...
  • AD Ports Group 2022 net profit

    The Group's revenue grew by 41 percent to AED5.5 billion.
  • UAE and Kuwait link up traffic systems

    Abu Dhabi, UAE--Abu Dhabi today announced the inauguration of the bilateral linkage of the traffic systems between the UAE and Kuwait.This came in a bilateral meeting held in Abu Dhabi between the delegations of the two countries, where Maj. Gen. Khalifa Hareb Al Khaili, Under-Secretary of the Ministry of Interior,...
  • ADNIC 2022  profit is $103mn

    The company's underwriting income was $133 million.
  • ADNOC Drilling profit rises 33%

    The revenue climbed to $2.67 billion in 2022.
  • Egyptian President in UAE, to attend World Government Summit in Dubai

    The two leaders exchanged discussed "brotherly bilateral ties" and aspects of joint cooperation and ways of furthering them
  • First Abu Dhabi Bank not eyeing offer for Standard Chartered

    The company, second time it has quashed reports of an imminent bid, refuted the speculations in the press in a report to Abu Dhabi Securities Exchange.
  • ADNEC posts strong 2022 growth

    In 2022, the Group launched its new corporate identity.
  • International Defense Conference 2023 to begin in Abu Dhabi

    Abu Dhabi, UAE - The International Defense Conference 2023 will be held on 19th February at the ADNOC Business Centre in Abu Dhabi.A large number of leaders, decision-makers, ministers, senior officials and speakers representing defense industries from all over the world are expected to participate in it, local media reports...
  • Multiply Group 2022 net profit

    Growth in profits driven by investments and rise in operating portfolio.
  • Aldar posts net profit of $0.84bn

    The company's revenue in 2022 rose to $3.04bn.
  • UAE Pension Authority to focus on awareness among Emirati employees

    ABU DHABI, UAE - The General Pension and Social Security Authority (GPSSA) of UAE has announced its key strategic objectives for 2023.The authority said that it will focus on raising awareness on insurance among Emirati employees, serving the community with utmost promptness and professionalism, while reinforcing the UAE Pension Authority’s...
  • Etihad Cargo, Astral sign MoU

    They will share up to 50 percent of all available capacity on flights.
  • Environment Agency – Abu Dhabi issues marine water quality policy

    ABU DHABI,  UAE - The Environment Agency - Abu Dhabi (EAD) has issued a policy on sustaining marine water quality that reviews the current situation and main challenges related to marine water in the emirate.The policy is part of EAD's efforts to maintain and sustain Abu Dhabi's marine waters and...
  • Preserving natural resources crucial for future generations, reiterates key UAE official

    The UAE has a long and established history in the field of sustainability, which began with the initiatives launched by the late Sheikh Zayed bin Sultan Al Nahyan, who provided a vision for the UAE's future in sustainable development, he adds while speaking at the 26th UAE National Environment Day.
  • ‘UAE is committed to achieving sustainability’

    ABU DHABI, UAE - Ruler's Representative in Al Dhafra Region and Chairman of the Board of Directors of the Environment Agency - Abu Dhabi (EAD) Sheikh Hamdan bin Zayed Al Nahyan has emphasized the UAE’s commitment to achieving sustainability and protecting and preserving natural resources for future generations.In a statement...
  • UAE participates in G20’s sustainable finance working group meeting for 2023

    ABU DHABI, UAE - The UAE recently participated in the first Sustainable Finance Working Group (SFWG) meeting within the G20 Finance Track for 2023, which was held for the first time under the Indian Presidency.The meeting, which was held at Guwahati, Assam, India, sought to discuss the 2023 SFWG work...
  • ADNOC inks $4.63 billion in contracts with 23 firms.

    Pipes and fittings, valves, bends and cladded pipes, industrial pumps, batteries, pipes and fittings, and many more goods will be manufactured locally.
  • UAE, France foreign ministers discuss strategic partnership

    ABU DHABI, UAE - UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan received French Minister of Europe and Foreign Affairs Catherine Colonna.During the meeting, which took place in Abu Dhabi, the two sides discussed bilateral relations and available opportunities for widening their cooperation, under...
  • US, UAE officials discuss financial crimes

    ABU DHABI, UAE - The US Department of the Treasury’s Under Secretary for Terrorism and Financial Intelligence Brian Nelson led a two-day treasury delegation visit to the UAE to discuss  AML/CFT matters and areas of joint cooperation.The two sides discussed a range of topics of mutual interest pertaining to Anti-Money...
  • Abu Dhabi-based Aldar to debut in Dubai realty market

    Abu Dhabi, UAE--Abu Dhabi-baed Aldar Properties will make a debut into Dubai's lucrative real estate market after it signed an agreement with Dubai Holding.The joint venture will develop new communities in three locations across an area of 38.2 million sqft (3.55 million sqm). The new communities will be located in...
  • Right educational system crucial to help students become an active partners in shaping UAE’s future

    “Increasing student competence in Arabic is a top priority; it's a crucial component of the UAE's national identity,” adds Sheikh Abdullah, who is also the Chairman of the Education and Human Resources Council, while highlighting the importance of keeping the standard of education system high.
  • Abu Dhabi’s strong tech ecosystem acts as a magnet for key global innovative companies

    The ADIO, during the event, announced its support for three innovative global companies -- Ubisoft, Insilico Medicine and the Applied AI Company -- as the UAE capital’s tech ecosystem begins 2023 in expansion mode and seeks to enhance its tech R&D and operational capabilities.
  • Saudi Arabia, UAE set to lead IPO activities in GCC

    Around 27-39 companies in the Gulf region are expected to come out with IPOs in the first few months of this year with the Kingdom and UAE leading from the front, reports suggest.
  • Major UAE solar plant to go online before COP summit, says energy firm

    ABU DHABI, UAE - One of the world's biggest solar plants will become fully operational this year in the oil-rich United Arab Emirates, months before it hosts UN climate talks, a partner company said Tuesday.The UAE, a major oil exporter, is spending billions to develop enough renewable energy to cover half...
  • Adani firm gains 5.26% after UAE’s IHC announces $400m investment

    IHC announced it would be investing $400m into Adani Enterprise's $2.5 billion Further Public Offering. IHC said in a statement that it would make the investment through its subsidiary Green Transmission Investment Holding. It will subscribe to 16 percent of the FPO, which needs 90 percent bids to sail through.
  • Abu Dhabi Global Market receives French delegation

    ABU DHABI, UAE - Abu Dhabi Global Market (ADGM) Monday received a French  delegation to strengthen bilateral relations through dialogues on investment opportunities and areas of collaboration in the financial field.The delegation was led by French Minister of Economy, Finance, Industrial and Digital Sovereignty Bruno Le Maire.The event brought together...
  • ADIB net profit in 2022 is $985m

    ADIB's revenue increased by 23% to US$1.8 billion in 2022.
  • UAE launches project to establish centralized database of industrial companies

    ABU DHABI, UAE - UAE Ministry of Industry and Advanced Technology (MoIAT) Monday launched the Industrial Census project, in collaboration with the Federal Competitiveness and Statistics Center (FCSC), members of the Industry Development Council, and the local statistics centers.The project aims to create a comprehensive database of all establishments that...
  • UAE unveils ‘Emirates Health’ at medical conference in Dubai

    Dubai, UAE--The UAE has launched several innovative health projects in the 48th edition of Arab Health 2023, which began today at the Dubai World Trade Centre and will conclude on 2nd February, 2023.The Ministry of Health and Prevention (MoHAP), the Department of Health—Abu Dhabi (DoH), and the Dubai Health Authority...
  • Abu Dhabi stock exchange expects boom in listings in 2023

    Abu Dhabi, UAE-- The Chairman of the Abu Dhabi Securities Exchange Hisham Khalid Malak expects an increase in listings on the stock exchange in 2023."We have a healthy pipeline of IPOs and listings with aspirations to surpass 2022. There will always be challenges, but also opportunities," he told media.He affirmed...
  • MoU signed to establish Arab Digital Foodstuff Market

    Abu Dhabi, UAE - As part of the pan-Arab efforts to implement the joint Arab digital economy vision, launched by UAE President Mohamed bin Zayed Al Nahyan, an MoU was signed to establish an Arab Digital Foodstuff Market.Ahmed Abu Al Gheit, Secretary General of the League of Arab States and...
  • Abu Dhabi customs to clear goods for non-residents, outside firms

    Abu Dhabi, UAE– The General Administration of Abu Dhabi Customs has announced the provision for the possibility of clearing goods for non-resident individuals and non-registered companies from outside the UAE through Abu Dhabi's land, sea, and air outlets.This move aims to facilitate customer experience, reduce effort and time, and provide...
  • 7 UAE banks report $9bn profit in 2022

    Emirates NBD's profits climbed by 40% to $3.53 billion.
  • FAB 2022 net profit $3.64 bn

    The total income was up 10 percent year on year.
  • New UAE commercial agency law will help in improving business environment

    ABU DHABI, UAE - The UAE is determined to foster the attractiveness and competitiveness of the business environment in order to keep pace with future economic trends, a senior official said.The UAE further aims to offer a legislative framework that will enable companies to promote the new economic model, particularly...
  • UAE banks’ investments totalled $139bn in Nov 2022, highest in 13 months

    According to central bank's statistics, Banks’ investments rose in the first eleven months of 2022 by $10 billion or 8 percent, compared to $129 billion in 2021.
  • Money from Middle East forcing Liverpool, Man Utd to seek new investment

    The American Glazer family, United's owners, began looking for new investment with British billionaire Jim Ratcliffe's company INEOS entering the bidding process.
  • Abu Dhabi hotels host 4.1m visitors in 2022, earning US$1.4bn

    Abu Dhabi, UAE-- Hotels across Abu Dhabi have posted a 24 percent growth in occupancy to 4.1 million visitors during 2022, according to data shared by the Department of Culture and Tourism.Hotel revenues climbed by 23% from the previous year to $1.47 billion in 2022.The statistics showed that Abu Dhabi...
  • ADAFSA’s Auwn Program wins Global Business Excellence Award

    ABU DHABI, UAE - Abu Dhabi Agriculture & Food Safety Authority (ADAFSA) has just been announced as the winner of the Outstanding Community Initiative category at the 2022 Global Business Excellence Awards, thanks to its 'Auwn Community Program'.The program assisted in accomplishing ADAFSA's Corporate Social Responsibility (CSR) goals by implementing...
  • Bayanat net profit up 110%

    The company posted a 115 percent increase in revenue.
  • Hosting COP28 gives important message to the world: UK minister

    Abu Dhabi, UAE-- The hosting of events like the Abu Dhabi Sustainability Week and the upcoming COP28 demonstrate the UAE's "great leadership in this process."This was stated by Grant Shapps, UK’s Secretary of State for Business, Energy, and Industrial Strategy. “I think it is an amazing year for the UAE...
  • CBUAE, Egyptian Banking Institute discuss training, cooperation

    ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) and the Egyptian Banking Institute (EBI) which is under the Central Bank of Egypt, discussed ways to promote cooperation in the field of training and building human capital capabilities relevant to the financial sector.This came during a meeting between...
  • Camel beauty contest season gets underway in Abu Dhabi

    Al Dhafra, UAE--The 16th Al Dhafra Festival has kicked off as part of the Emirate of Abu Dhabi’s camel beauty contest season.The event will continue until February 2 at Madinat Zayed in Al Dhafra.Organised by Abu Dhabi Cultural Programs and Heritage Festivals Committee and ADNOC, the festival aims to preserve...
  • 16th Al Dhafra Festival to launch Sunday

    AL DHAFRA,  UAE - The competitions and concluding activities of the 16th Al Dhafra Festival will begin Sunday as part of the Emirate of Abu Dhabi’s camel beauty contest season.The event, held under the patronage of President Sheikh Mohamed bin Zayed Al Nahyan,  will continue until February 2 at Madinat...
  • UAE President announces 2023 as ‘Year of Sustainability’

    The country will also focus on environmental sustainability and showcasing the UAE’s commitment towards fostering a global collaboration for innovative environmental solutions.