Arabian Post Staff According to numbers released by the Abu Dhabi Statistics Centre, the emirate achieved a remarkable 9.3% growth by the end of 2022, compared to 2021. The new figures position Abu Dhabi as the fastest-growing economy in the Middle East and North Africa region. Abu Dhabi’s impressive growth across its diverse sectors during 2022 is attributed to its robust economic framework, coupled with a collaborative […]
Abu Dhabi’s office and industrial markets are showing signs of growth, with a rebound in rents already underway, according to real estate consultancy Knight Frank. Office rents in three out of the six prime office submarkets monitored by Knight Frank experienced growth ranging from 3.5% to 12% during 2022 This turn around is attributed to the rebound in economic growth and the increase in employment levels While […]
The economy of the oil-rich Abu Dhabi, which has proven crude oil reserve of 97 billion barrels, has recorded 10.5 percent growth in the first 9 months to a record Dh830 billion in 2022, according to a statement by Statistics Centre – Abu Dhabi (SCAD). Non-oil sectors contributed 50.3 percent to Abu Dhabi’s Gross Domestic Product (GDP), with an increase of Dh39 billion compared to the same […]
Arabian Post Staff A recent report by the World Travel and Tourism Council (WTTC) stated that Dubai has topped the list of cities with the highest spending by international visitors this year, pulling ahead international cities such as London. The Gulf tourism and finance hub has ranked in $29.4 billion in international visitor spending so far this year, overtaking London with $16.1 billion, WTTC said in its […]
By Saifur Rahman Abu Dhabi economy recorded 11.6 percent growth in the first half of 2022, compared to the corresponding period in 2021, according to a statement issued by the Statistics Centre – Abu Dhabi (SCAD), making it the fastest-growing economy in the world this year, as per available information. At the end of the first half of 2022, the real Gross Domestic Product (GDP) at constant prices exceeded […]
Arabian Post Staff UAE unveiled new regulations to reduce carbon emission at the United Nation’s annual climate summit, COP27, in Egypt. The new regulations are aimed at generating a large proportion of Emirate of Abu Dhabi’s electricity from clean and renewable sources by 2035, marking a significant milestone in the UAE’s journey to deliver carbon neutrality by 2050.# The shift is being pursued by the Environment Agency […]
Healthcare in Abu Dhabi is regarded as excellent across multiple fields. Care here is a match for (or better than) care provided in Western and developed nations across the globe. For this reason, it has become one of the major medical tourism destinations. The health of Abu Dhabi citizens is overseen by the Department of Health – Abu Dhabi (DoH). Here is an insight into its current […]
Arabian Post Staff Abu Dhabi-based Alpha Dhabi Holding has increased its stake in Aldar Properties, reaffirming its position as the single largest shareholder and consequently becoming Aldar’s parent company. Through this latest additional stake, Alpha Dhabi has raised its shareholding of Aldar, to complement its existing majority representation on Aldar’s Board of Directors. Accordingly, Aldar will be treated as a subsidiary in Alpha Dhabi’s consolidated financial statements, the impact […]
Arabian Post Staff Abu Dhabi Securities Exchange (ADX) has successfully completed a London investor roadshow which saw ADX host a delegation of over 25 senior executives from 9 listed companies and the exchange. The sizeable Abu Dhabi capital market representation reinforces the strong focus on investor relations and continuous dialogue that ADX and its listed companies continue to foster with international and institutional investors. Over the course […]
Arabian Post Staff Abu Dhabi has taken a significant step forward in creating the framework to meet the country’s Net Zero by 2050 strategic initiative with the release of the regulatory policy for electric vehicle charging infrastructure in the emirate. Announced today by the Abu Dhabi Department of Energy (DoE), the policy sets out the stipulations and criteria for establishing a network of electric vehicle charging stations […]
Arabian Post Staff The Securities and Commodities Authority (SCA)’s approval of the region’s first Special Purpose Acquisition Company (SPAC) regulatory framework has paved the way for the listing of the first SPAC on the ADX this year. The first of its kind in the GCC, the SPAC regulatory framework was developed by ADX and Abu Dhabi’s Department of Economic Development (DED), in conjunction with the SCA and […]
Arabian Post Staff Abu Dhabi has set its sights on Belgium, as a leading global pharmaceutical hub, to establish a global distribution corridor to serve the world in vaccine delivery and future life science needs. The collaboration builds on the capabilities of Abu Dhabi’s healthcare sector as a leading life sciences hub and the efforts of the HOPE Consortium in providing vaccine solutions for the world. This […]
Arabian Post Staff Borouge, a leading petrochemical company providing innovative, value-creating polyolefin solutions, announced today the award of the Engineering, Procurement and Construction (EPC) contracts for the world-scale fourth expansion of its manufacturing complex in Ruwais, Abu Dhabi (“Borouge 4”). ADNOC and Borealis AG recently signed a strategic partnership that confirms a $6.2 billion (AED22 billion) investment agreement to build Borouge 4. The EPC award underscores Borouge’s […]
Arabian Post Staff The Abu Dhabi Securities Exchange has introduced a derivatives market as the exchange rolls out initiatives to develop Abu Dhabi’s capital markets and bring its products and services in line with global peers. With the launch of single equity futures, the new market will give investors and traders the opportunity to benefit from increased leverage, two-way market exposure, and hedging capabilities. Trading in the […]
Abu Dhabi National Exhibitions Company (ADNEC), part of ADQ, has launched “Tourism 365”. The new company will support in creating experiential travel opportunities for tourists coming to Abu Dhabi, and enhance the emirate’s regional and global positioning in the wider tourism sector. The launch of the company is in line with ADNEC’s new broader role to support the growth of Abu Dhabi as a tourism destination, increasing leisure visitors, […]
Arabian Post Staff The world’s newest anti-viral treatment for COVID-19, Sotrovimab, is now available for early treatment of certain categories COVID-19 patients in the UAE following a landmark agreement between the Abu Dhabi Department of Health, the country’s leading group purchasing organization (GPO) Rafed, and GlaxoSmithKline (GSK). With the arrival of the first shipment yesterday in Abu Dhabi airport, Abu Dhabi become the first location globally to […]
Long-term visas and paths to citizenship to accelerate growth in Abu Dhabi’s priority sectors SINGAPORE – Media OutReach – 23 February 2021 – Talented professionals and students, and investors, in priority sectors are being encouraged to set down roots with their families in Abu Dhabi as part of a new programme that supports the emirate’s strategy to develop key areas such as culture, healthcare, research and development (R&D) and […]
Arabian Post Staff Abu Dhabi’s sovereign investment company Mubadala and Barings, one of the world’s leading financial services firms, announced the formation of Barings Mubadala Enterprise (BME) – an evergreen origination platform seeking to provide financing solutions to European middle-market businesses. BME and its capital partners aim to provide $3.5 billion in financing over the next 18 months to help meet growing corporate demand for flexible capital solutions in Europe. […]
