Abu Dhabi
First Abu Dhabi Bank Powers Ahead With Record Q1 Numbers
Middle East Business News - Published date: .
Total income up 11 per cent to $2.4bn as net profit rises 23% to $1.4bn and profit before tax reaches $1.67bn; Total as... Read more
Global Financial Firm Lazard Bets On UAE Growth With Abu Dhabi Office Launch
Middle East Business News - Published date: .
The move is seen as Lazard’s commitment to deepening its presence in MENA, serving as a trusted advisor to clients ac... Read more
ADGM RA Fines Christopher Flinos, AC Holding For Cryptocurrency Conversion Violations
Middle East Business News - Published date: .
According to the RA, AC Holding exceeded the scope of its commercial license by acting as an investment company and off... Read more
Eid Al Fitr Holidays In The GCC; Dubais 100 Most Influential People; UAE Petrol Prices To Change; Royal Baby Announced – 10 Things You Missed This Week
Middle East Business News - Published date: .
Eid holidays, the Dubai 100, UAE petrol prices, Royal Baby named, Palm Jebel Ali investments and more top news stories ... Read more
Abu Dhabis ADQ To Partner ECP In $25bn Investment In The US Energy Infrastructure
Middle East Business News - Published date: .
The 50-50 partnership will focus on developing new power generation to serve the growing electricity needs of data and ... Read more
Waha Capital Shareholders Approve 2024 Dividend And CSR Initiative
Middle East Business News - Published date: .
Cash dividend of AED0.1 for FY 2024; Shareholders also authorise the allocation of up to 1% of the net profit to CSR ... Read more
Aldar Investment Properties $500mn Green Sukuk Oversubscribed 7.2 Times
Middle East Business News - Published date: .
Priced at a spread of 110bps over the 10-year US Treasury yield, the proceeds will be used to refinance sustainability ... Read more
ADX-listed Phoenix Group Reports Record $167mn Profit In 2024, Mining Revenue Up 236%
Middle East Business News - Published date: .
The company’s mining revenue surged to $107 million in 2024, up from $32 million in 2023 and $5.4 million in 2022 Read more
Alpha Dhabi FY2024 Revenue Soars 40% To A Record $17.26bn
Middle East Business News - Published date: .
Group’s net profit at $3.68 billion; Net operating profit at $2.72 billion; Industrial ($7.16 billion) and Real Estat... Read more
Abu Dhabi-based IHCs Revenue Surges 54.4% To $25.8 Billion In 2024
Middle East Business News - Published date: .
Preliminary report shows total assets up 52% to $109.4 billion; Net profit after tax at $6.94 billion; EPS at $1.93 Read more
Abu Dhabi Sees 16% Increase In Business Licences, Freelancer Numbers Doubled In 2024
Middle East Business News - Published date: .
Abu Dhabi licensing authority reports notable increase in business registrations Read more
Side Hustles In Dubai; UAE Petrol Prices; Saudi Job Localisation; Habtoor Cancels Lebanon Investments – 10 Things You Missed This Week
Middle East Business News - Published date: .
UAE petrol prices, Dubai real estate analysis, Saudi job updates, how to get a side hustle and more top stories this we... Read more
Palms Sports Revenue Up 82.5% To $290mn For The Year
Sports and Eneterainment - Published date: .
The Abu Dhabi sports management company announces 41% YoY increase in gross operating profits to $49 million Read more
UAE Property Giant Aldar Secures $2.45bn Sustainability-linked Credit Facility
Middle East Business News - Published date: .
The transaction follows Aldar's AED 3.67 billion ($1 billion) hybrid notes issuance this month Read more
ADNOC L&S Inks $2bn Hybrid Capital Instrument financing With Leading Banks
Middle East Business News - Published date: .
Initial drawing against the HCI will be $1.1 billion Read more
Abu Dhabi Launches Registration Authority To Boost Business Sector, Plans New Licences
Middle East Business News - Published date: .
Abu Dhabi introduces registration and licensing authority to regulate business sector in the emirate Read more
Abu Dhabis Mubadala Overtakes Saudis PIF As Worlds Top Sovereign Fund Investor With Over $29bn In 2024
Middle East Business News - Published date: .
Since 2023, Mubadala's investments jumped 67% while PIF's dropped 37% Read more
Abu Dhabis ADFD Extends Additional $40mn Loan For Maldives Airport
Middle East Business News - Published date: .
Abu Dhabi fund has now issued total loans of $90 million for the modernisation and expansion of the critical Velana In... Read more
AD Ports Group Doubles Its Revolving Credit Facility At Better Terms
Middle East Business News - Published date: .
The Abu Dhabi-based group successfully refinances and upsizes its existing RCF from $1 billion to $2.125 billion Read more
ADIO And EXIM Forge MoU To Boost US-UAE Trade In Key Sectors
Middle East Business News - Published date: .
It marks a significant milestone in facilitating the import and export of raw materials, services and technology, parti... Read more