Tag: Abu Dhabi

35% growth of Abu Dhabi private sector in 8 years to AED 338.9 billion in 2023

ABU DHABI, 4th April 2024 (WAM) – Building on its efforts to deepen partnership with private sector and family offices, the Abu Dhabi Department...

Abu Dhabi’s non-oil economy grows 9.1% in 2023

Abu Dhabi’s non-oil gross domestic product (GDP) recorded a growth of 9.1 per cent last year, showcasing the positive results of its economic diversification...

ADNOC Gas Shareholders approve $3.25 billion dividend for 2023

ABU DHABI, 1st April, 2024 (WAM) -- ADNOC Gas plc and its subsidiaries, held its first Annual General Meeting (AGM) since its landmark initial...

Mubadala steps up Asia investment drive

Mubadala Investment Company, Abu Dhabi’s sovereign wealth fund, led a Rs10 billion funding round of Avanse Financial Services, India’s education-focused non-banking financial company. The new...

ADNIC shareholders approve cash dividends of 45% at Annual General Meeting

ABU DHABI, 25th March, 2024 (WAM) -- Abu Dhabi National Insurance Company (ADNIC) has approved the distribution of 45 percent cash dividends (AED 0.45...

ADGM 2024 growth outlook: Over 70% of companies in ADGM Plan Workforce Expansion in 2024

A survey by the Abu Dhabi Global Market (ADGM), which stands as a testament to the vision and ambition that drive the UAE and...

Abu Dhabi’s industrial sector booms with 51% rise in licences

New data from the Abu Dhabi Chamber shows a surge in industrial licensing within the emirate (excluding free zones).  During 2023, the number of...

Bloomberg launches new Murban Crude Oil Index

 Bloomberg has announced a new Bloomberg Commodity Murban Crude Oil Index, aimed at tracking the performance of rolling futures on Murban Crude Oil. The...

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UAE, Korea explore expanding strategic cooperation in energy, nuclear power, emerging technologies

Eng. Sharif Al Olama, Undersecretary for Energy and Petroleum...

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group of leading international technology, ​crypto and other ​businesses...

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SEBI board to consider reintroducing open-market window for buybacks tomorrow

A key proposal before the board is to reintroduce...

BMW cuts 2026 profit margin outlook over China slowdown, Middle East costs

German luxury carmaker BMW Group revised down its 2026...