Economy

Economy

Breaking business updates and trade deals, sector insights, personal finance, and global economic trends.

 

Economy

Department of Economic Development and Bavaria sign partnership to enhance future industries

The Abu Dhabi Department of Economic Development (ADDED) and the State of Bavaria in the Federal Republic of Germany have signed a joint declaration of intent to strengthen economic cooperation, with a

Read More
Finance

ADIB to open subscription for AED 1.75 billion rights issue on 10 November

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, announced that the subscription period for its AED 1.75 billion rights issue will open on 10 November 2026 and run until 24 November 2026, both.

Read More
Finance

FAB acquires 100% of Yasira Financial Services in Bahrain

First Abu Dhabi Bank (FAB) today announced that it has acquired 100 percent of Yasira Financial Services B.S.C. (C), a Bahrain-based fund administration and trust services platform. The acquisition represents a strategic step in advancing.

Read More
Energy

ADNOC Distribution reports 37% profit rise to US$791 million in 9M 2026

ADNOC Distribution reported a 37 percent year-on-year increase in net profit to US$791 million in the first nine months of 2026, while EBITDA rose 26 percent year-on-year to US$1.12 billion. Underlying EBITDA increased 14 percent.

Read More
Industry

Emirates Global Aluminium becomes strategic partner for Dubai Future Week

Dubai Future Foundation (DFF) has announced Emirates Global Aluminium (EGA) as a strategic partner of Dubai Future Week, which will take place at Emirates Towers and the Museum of the Future from 18th to 21st.

Read More
Energy

Exploit3rs concludes ADNOC AI Hackathon final

Exploit3rs Cybersecurity Academy has successfully delivered the final of the ADNOC AI Hackathon, held on the sidelines of ADIPEC 2026 at ADNEC Centre Abu Dhabi, bringing together 22 cybersecurity professionals from UAE government entities for.

Read More
Energy

ADNOC to supply Gujarat Energy with 4 million tonnes of LNG over 10 years

with Gujarat Energy Ltd to supply liquefied natural gas (LNG) to India from the international gas portfolio of XRG, ADNOC’s international investment company. The agreement marks the first sale of molecules from XRG’s international portfolio..

Read More
Energy

ADNOC Gas, SNOC sign agreement to advance UAE gas network integration

ADNOC Gas plc on Friday signed a strategic collaboration agreement with Sharjah National Oil Corporation (SNOC) to explore opportunities to strengthen gas supply security and enhance the flexibility and resilience of the UAE’s energy infrastructure..

Read More
Economy

IHC nine-month revenue rises 33.2% to AED100.5 bn, profit after tax up 87% to AED32.5 bn

IHC reported revenue of AED100.5 billion for the first nine months of 2026, up 33.2% year-on-year from continuing operations, while profit after tax rose 87% to AED32.5 billion compared with the same period in 2025..

Read More
Energy

AIQ showcases Genesis, first AI-native operating system for energy at ADIPEC 2026

AIQ has developed what it describes as the first and largest AI-native operating system for the energy sector, enabling the secure management, verification and governance of AI agents, CEO Dennis Jol told the Emirates News.

Read More
Economy

Spanish energy companies explore UAE market at ADIPEC 2026

Spanish companies regard the UAE as a strategic and reliable market for the energy sector, according to Gontzal Ruiz, representative of the Spanish Pavilion at ADIPEC 2026 and an executive at Fluidex, the Bilbao-based association.

Read More
Finance

Mubadala Energy aims to double production over next decade

Mubadala Energy aims to double its production over the next decade, with natural gas accounting for about 70 percent of its portfolio, Acting Chief Executive Officer Adnan Bu Fateem said. In statements to the Emirates.

Read More
Energy

Khaled bin Mohamed bin Zayed reviews ADNOC’s 2026 performance and growth strategies

Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has chaired a meeting of the Executive Committee of the ADNOC Board of Directors,.

Read More
Economy

Burjeel Holdings’ nine-month revenue increases 5.6% to AED4.329 billion

Burjeel Holdings PLC announced its financial results for the nine months ended 30th September 2026. The Group’s revenue rose 5.6 percent year-on-year to AED4.329 billion, while net profit excluding one-off items increased 42.1 percent to.

Read More
Energy

TA’ZIZ secures AED5.1bn financing for two Ruwais projects

TA'ZIZ today announced at ADIPEC 2026 the financial close of AED 5.10 billion for two strategic projects in Ruwais. Both transactions were oversubscribed, reinforcing international investor confidence in TA’ZIZ, Abu Dhabi’s industrial

Read More
Finance

IRENA chief: Countries investing in renewables less affected by crises at ADIPEC 2026

Francesco La Camera, Director-General of the International Renewable Energy Agency (IRENA), has said that recent geopolitical crises have shown the value of investing in renewables. “The countries that invested more in renewables in the past.

Read More
Energy

Nahyan bin Mubarak reviews innovations at ADIPEC 2026 in Abu Dhabi

Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, visited the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2026), taking place at ADNEC Centre Abu Dhabi from 2 to 5 November, with.

Read More
Finance

ADIB begins trading rights for AED 1.75 billion issue on 4 November

Abu Dhabi Islamic Bank (ADIB) announced that the trading period for the rights allocated to shareholders as part of its AED1.75 billion rights issue will commence on 4th November 2026. The rights can be bought.

Read More
Energy

ADNOC Gas, EtihadWE to strengthen gas supply, power generation for Northern Emirates

ADNOC Gas plc and its subsidiaries on Wednesday announced an agreement with Etihad Water and Electricity (EtihadWE) to explore future natural gas supply arrangements for new power generation capacity across the Northern Emirates region. Suhail.

Read More
Energy

Mannesmann Energy announces ADNOC project and new partnerships at ADIPEC 2026

Mannesmann Energy has unveiled a new project with ADNOC to upgrade existing facilities and increase production capacity at its NEB CPP assets in Al-Nouf, Rumaitha and Shanayel, with plans to sign an agreement to implement.

Read More

Never miss an update from ADM

Stay updated, unsubscribe anytime.