Abu Dhabi's real estate market sustained growth driven by investor optimism, recording 7,474 property transactions amounting to over US$6.13 billion (approx) as per the latest report released by the Department of Municipalities and Transport (DMT).

The Emirates Nuclear Energy Corporation has successfully completed the Hot Functional Testing on Unit Four, the last of its four units of the Barakah Nuclear Energy Plant

Net profit increased by 30 percent YOY to $381 million.

Abu Dhabi and Dubai stock markets climbed up, while the Saudi index tanked down by more than 1.1 percent this week, after being shut to mark the festival of Eid al-Adha.

The Environment Agency - Abu Dhabi (EAD) launched the 'Green Industries' environmental labeling program. The program is based on best international practices in the field of eco-labeling.

Revised lending norms, focus on sustainability and improved digital services and data availability help the emirate advance in JLL's Global Real Estate Transparency Index.

The International Committee of the Red Cross (ICRC) has set up an office in Abu Dhabi in order to 'strengthen bilateral cooperation and partnership.'

The Abu Dhabi Chamber of Commerce and Industry has organized an awareness session on increasing Emiratization rates in the private sector. It has been organized in cooperation with the Ministry of Human Resources and Emiratization, the Abu Dhabi Department of Economic Development and the Emirati Talent Competitiveness Council.

37% of sales were completed by non resident investors, 27% by expatriate residents, and the remainder by UAE nationals.

The sector also saw a decline of 25 percent of its Gross Value Added in 2020. However, while most of the sector suffered a sharp decline, online publishing and audiovisual platforms experienced growth due to increased reliance on digital content during the pandemic, the joint report highlighted.

Emirates Post Group (EPG) and Hub71, Abu Dhabi’s global tech ecosystem, will partner to provide tech startups in the Emirate with greater opportunities to collaborate with EPG and advance the logistics sector using next-generation technologies. In a statement, Hub71 said the partnership will focus on active collaborations with startups based...

A total of 1,200 economic activities have been granted one-year exemption from a lease contract for work premises as a prerequisite to issuing an economic license by the Abu Dhabi Department of Economic Development (ADDED). The economic activities included in this initiative represent 29.5 percent of total economic activities licensed...

ADDED and GE Digital will collaborate to adopt circular economy strategies “to drive a more productive, competitive, advanced, and innovative sector.”

Al Bateen ladies' beach in Abu Dhabi will be redeveloped with public amenities in order to brighten its appeal as a leisure and adventure spot. The redevelopment aligns with the The Department of Municipalities and Transport (DMT) plan to increase recreational facilities, improve the quality of life in the emirate,...

The Saudi and UAE stock markets ended the week lower as concerns about slowing global economic growth impacted investor sentiment. Saudi Arabia's market index TASI finished down 1.7 percent at 11,523 points. Abu Dhabi Securities Exchange ended with a loss of 0.3 percent, on Friday the index in Dubai, fell...

UAE Minister of Industry and Advanced Technology Dr Sultan bin Ahmed Al Jaber said the country continues to empower the industrial sector and increase its competitiveness by leveraging its resources, advantages and capabilities

Industrial sector performs key role in Abu Dhabi’s economy and a new industrial financing entity will soon be established for large industries and SMEs, says ADDED Chairman

A new industrial financing entity will soon be established in Abu Dhabi to finance large industries and small and medium-sized enterprises (SMEs) as industrial financing requires the establishment of new frameworks, said Mohamed Ali Al Shorafa Al Hammadi, Chairman of the Abu Dhabi Department of Economic Development (ADDED). Abu Dhabi's...

Eight members of the first batch of conciliators in economic disputes and consumer complaints were sworn in at Abu Dhabi. The conciliators will begin their duties in the Abu Dhabi Department of Economic Development to perform mediation and conciliation work for economic disputes

The UAE delegation’s visit to Canada comes at a time when the UAE is preparing to host the 28th United Nations Climate Change Conference of the Parties (COP28) next year.

A delegation from the Abu Dhabi Department of Energy (DoE) is visiting Canada to meet senior government officials and stakeholders in the Canadian energy sector to discuss opportunities for collaboration

Abu Dhabi Chamber of Commerce and Industry has held discussions with a business delegation from Mexico to boost trade ties between the UAE and Mexico.

The CEO of IMI Nart Bouran reportedly visited Al Roeya's Dubai office to announce that the management has decided to close down the newspaper.

As a full-service pharmaceutical CDMO, BMG is a production service provider for sterile injectable products, namely vials and pre-filled syringes used for vaccines.

The CECs provide Abu Dhabi entities a pathway to achieve their desired sustainability goals by guaranteeing the zero-carbon origin of their clean electricity consumption.

ADQ of Abu Dhabi and Jordan have set up a $100 million technology venture capital fund (the Fund) to bolster tech companies in the kingdom's digital economy. ADQ is reinforcing its commitment to investing in advancing core sectors of the Jordanian economy and enhancing the global technology ecosystem. The Fund...

The inclusion will come into effect on June 20

Saudi Arabia's benchmark index finished 1.3% lower, hurt by a 2.1% fall in oil giant Saudi Aramco and a 1.2% decline in country's biggest Islamic lender Al Rajhi Bank.

Bollywood's brightest stars will gather in Abu Dhabi on Saturday as the Indian Oscars return for the first time since the pandemic shuttered cinemas and turned audiences on to streaming. Host Salman Khan and actor Aishwarya Rai Bachchan will be among the A-listers at the International Indian Film Academy Awards...

Ex-director of the Louvre in Paris, Jean-Luc Martinez, was charged over the purchase of a pink granite stele depicting the pharaoh Tutankhamun and four other works for $8.5m.

The decision to bring some relief to people follows in light of the high prices of vegetable oils globally.

Restrictions on single-use plastic bags took effect in the United Arab Emirates capital Abu Dhabi Wednesday, as part of its efforts for a "greener future". The "single-use plastic bags ban starts today... to encourage sustainable living in Abu Dhabi", the emirate's media office said. "Retailers in the emirate are encouraged...

The countries allocated a US$10bn investment fund, to be managed by ADQ Holding, to accelerate the partnership objectives.

The UAE’s women empowerment progress reflects in the Emirates’ publishing industry as well, according to a top executive of Frankfurt Book Fair, one of the largest book fairs in the world.

The new ranking of the UAE capital is based on a combination of criteria, including the rate of traffic congestion at intersections and streets at various times during the day.

The company to make this investment at the final offer price set by Borouge.

Boxing great Floyd Mayweather danced and showboated his way through a one-sided exhibition bout against former sparring partner and fellow retiree "Dangerous" Don Moore in Abu Dhabi early on Sunday. The former welterweight world champion, wearing UAE colours, spoke directly to the cameras and chatted with the referee in between...

Etihad Rail has signed three Memoranda of Understanding (MoUs) with Renfe, Spain’s national railway operator; High Speed 1, the first high-speed railway in United Kingdom (UK) and GB Railfreight, the British rail freight company. The MoUs are based on exchanging knowledge, expertise, and best practices in freight and passenger rail...

The UAE's new president Sheikh Mohamed bin Zayed Al Nahyan held talks Sunday with French counterpart Emmanuel Macron as world leaders streamed in to Abu Dhabi to pay tribute to his predecessor. Macron expressed his condolences to Sheikh Mohamed following the death of his half-brother Sheikh Khalifa.

The UAE and Saudi stock exchanges posted losses this week, taking cue from the world markets that fell in reaction to galloping inflation, and rate hikes by central banks in many countries.

Under the President Sheikh Mohamed bin Zayed, the national economy will witness an acceleration in the implementation of its development plans and further support for the private sector while adding new economic sectors to enhance the UAE’s stature as a global investment destination.

The regional economies in the creative sector are growing at a faster rate than inflation, says Michael Garin, General Director of Abu Dhabi Creative Authority.

The Abu Dhabi company has posted $970m profit.

Abu Dhabi’s non-oil foreign trade in the first quarter (Q1) of 2022 amounted to AED61.522 billion ($16.74 billion), a 15 percent increase compared to the same period of 2021. Exports grew by 35 percent in the first three months of the year compared to the same period of last year ...

The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) will announce its summer campaign at Arabian Travel Market (ATM), alongside a series of new initiatives and global partnerships. Sharing the best of Abu Dhabi with the world, travel partners and some surprise guests, DCT Abu Dhabi will...

In a week truncated by the Eid holidays across the Middle East, stocks on the UAE exchanges shed gains, while there was no trading in Saudi Arabia because of Eid al-Fitr.

The main Saudi index had a variable week, the Abu Dhabi exchange suffered a slight decline, while, the main index in Dubai closed unchanged.

The transactions included the buying, selling, and mortgages of all types of lands, buildings, and real estate.

Against the backdrop of mounting concerns about the supply of crude oil, the stock markets in Saudi Arabia and the UAE remained subdued this week.

The company said it added about $653m to Abu Dhabi's economy.