UK’s car output drops in April, sees worst start to year since 2009
Britain’s vehicle output dropped sharply in April, marking the worst start to the year since 2009, due to weak export demand and the timing o ...
‘Make it in the Emirates’ ends with over Dhs11b new projects
The fourth edition of Make it in the Emirates, the UAE’s premier industrial platform, concluded on Thursday at the Abu Dhabi National Exhibit ...
UAE launches Arabic language AI model as Gulf race gathers pace
The United Arab Emirates launched a new Arabic language artificial intelligence (AI) model on Wednesday as the regional race to develop AI technolo ...
MoIAT secures AED 40 billion in bank partnerships to boost UAE industry
The UAE Ministry of Industry and Advanced Technology has secured over AED 40 billion in financing to boost th ...
Abu Dhabi Investment Office launches programme to establish an end-to-end automotive ecosystem
The Abu Dhabi Investment Office (ADIO) has announced the launch of a major economic programme targeting the establishment of an end-to-end automoti ...
Abu Dhabi Industrial Strategy drives 23% sector growth, industrial enterprises up 19.4%
Abu Dhabi’s manufacturing sector increased its contribution to 53% of UAE’s industrial GDP, which rose 6.6% to $57.22bln in 2024. ...
Abu Dhabi Investment Office partners with Qualcomm Technologies to establish Engineering Center in the emirate
Qualcomm Technologies, Inc. has unveiled plans to establish a state-of-the-art global Engineering Center in Abu Dhabi that will focus on the develo ...
UAE airline Etihad places major aircraft order with Boeing
Etihad Airways has confirmed an order for 28 wide-body Boeing aircraft - marking another major order for the US aircraft maker during President Tru ...
Syria and (DP World) sign a $800 Million MoU to Develop Tartous Port
The General Authority for Land and Sea Ports signed a memorandum of understanding (MOU) with Dubai Ports World (DP World) worth $800 million, a str ...
Historic AI Partnership Between the US and UAE Unveiled in Abu Dhabi
Abu Dhabi, UAE – The United States and the United Arab Emirates have announced the launch of a 5GW AI Campus, the largest artificial intellig ...
ADNOC Gas joins MSCI Emerging Markets Index, boosting investment potential
The MSCI Emerging Markets Index serves as a benchmark for the performance of prominent large and mid-cap publicly listed companies in 24 emerging m ...
Abu Dhabi economic delegation strengthens collaboration with Japanese-based enterprises across key high-growth sectors
An Abu Dhabi economic delegation, led by the Abu Dhabi Department of Economic Development (ADDED), concluded a successful visit to Japan, signing a ...
ADNOC Distribution reports $174mln net profit, with 16% y-o-y increase
ABU DHABI - ADNOC Distribution today reported record Q1 EBITDA and fuel volumes that drove double-digit year-on-year (y-o-y) earnings growth. ...
Job creation in UAE’s non-oil sector rises to highest level in 11 months, says PMI
Businesses in the UAE’s non-oil sector increased employment levels at a stronger pace in April 2025 in a bid to ease capacity pressures and s ...
Masdar drives new era of growth for Terna Energy as Greece’s largest renewables company delists from ATHEX
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy leader, announced today its subsidiary TERNA ENERGY has completed ...
Borouge Q1 2025 net profit increases to $281mln
Borouge Plc, a leading petrochemicals company providing innovative and differentiated polyolefins solutions, has reported a substantial $281 millio ...
FAB, IHC, and ADQ Unveil UAE’s First Fully Regulated Dirham Stablecoin
IHC, ADQ, and First Abu Dhabi Bank (FAB) have announced plans to launch a new stablecoin backed by Dirhams, which will be fully regulated by the Ce ...
Mubadala and Fortress agree $1bn private credit partnership
Abu Dhabi’s Mubadala has inked a strategic partnership with Fortress Investment Group which will see the sovereign wealth fund deploy $1bn (& ...
Oil prices settle up on weaker US dollar, mixed economic news
Oil prices edged up on Thursday as investors weighed a weaker U.S. dollar, potential OPEC+ output increase, mixed economic news, conflicting U.S. t ...
Abu Dhabi Islamic Bank’s Q1 net profit up 18% at $463mln
Abu Dhabi Islamic Bank (ADIB) delivered a double-digit growth in net profit for the first quarter of the year, driven by higher lending and income ...
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