Economy

Economy

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

 

Economy

Ghitha Holding reports 27% revenue growth to AED5.1 billion in nine months

Ghitha Holding PJSC, listed on the Abu Dhabi Securities Exchange (ADX) and a subsidiary of 2PointZero, announced that its revenue reached AED5.1 billion for the nine-month period ended 30th September 2026, representing a 27 percent.

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Finance

FAB’s net profit rises to AED16.46 billion in first nine months

First Abu Dhabi Bank (FAB) reported a 3 percent rise in group net profit to AED16.46 billion for the first nine months of 2026, compared with the same period a year earlier. FAB’s operating income.

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Economy

ADGM issues region’s first comprehensive Guidance on crypto mining

The ADGM has issued its Guidance on Crypto Mining Activities, providing a licensing framework for crypto mining operators in the region, marking a significant regulatory milestone.

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Finance

ADGM marks 11th anniversary, highlights Abu Dhabi’s growing role in global economy

Ahmed Jasim Al Zaabi emphasizes ADGM's focus on enabling business growth, supporting innovation, and building international partnerships for economic prosperity.

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Energy

ADNOC Drilling reports $3.7 billion revenue in first nine months

ADNOC Drilling reported $3.7 billion in revenue, $1.66 billion EBITDA, and $1.07 billion net profit for the first nine months of 2026, highlighting solid growth.

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Finance

ECI, FAB, Natixis CIB and HSBC, renew, expand support for Trafigura to advance UAE-origin commodity exports

Etihad Credit Insurance (ECI), the UAE Federal export credit company, in collaboration with Natixis Corporate & Investment Banking (Natixis CIB), First Abu Dhabi Bank (FAB), and HSBC Bank Middle East Limited, has signed a joint.

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Energy

Emarat and G42 sign MoU to harness AI in energy and mobility

Emirates Petroleum Company (Emarat), a leading integrated energy company in the UAE, has signed a Memorandum of Understanding (MoU) with G42, the Abu Dhabi-based global technology group, to explore opportunities in artificial intelligence (AI), cybersecurity.

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Energy

Tadweer Group marks construction, safety milestones at AlBihouth Waste-to-Energy Facility

Tadweer Group has announced that construction of its AlBihouth Waste-to-Energy Facility has reached 90% completion, alongside the successful completion of pressure tests on the facility’s two boilers and the achievement of six million working hours.

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Energy

ADNOC revamps ICV Programme to enhance small business support

ADNOC has revamped its In-Country Value Programme to fast-track supplier registration and empower small factories, channeling over AED 307 billion into the local economy while supporting local manufacturing.

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Energy

ADNOC reveals over AED60 billion in UAE manufacturing prospects

ADNOC has revealed more than AED60 billion in local manufacturing opportunities through 2030, aiming to enhance business growth, skilled jobs, and supply chains in the UAE.

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Economy

FTA urges compliance with e-Invoicing deadlines to avoid fines

The Federal Tax Authority (FTA) has called on Persons subject to the e-Invoicing System to comply with the legal requirements and prescribed timelines for the phased implementation of the System. The System offers numerous benefits.

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Finance

M.A.H.Y. Khoory Group invests AED1 billion in Al Dhafra paper project

M.A.H.Y. Khoory Group has announced plans to invest more than AED1 billion in the development of PM4, a paper manufacturing project at the Al Dhafra plant of Union Paper Mills (UPM) in Abu Dhabi. Integrating.

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Energy

Masdar acquires Greece’s 550+ MW solar project to boost energy supply

Abu Dhabi Future Energy Company PJSC -- Masdar has signed an agreement to acquire and develop one of Greece’s largest solar projects, strengthening the country's clean energy infrastructure and supporting its ambitions

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Economy

Crown Prince of Abu Dhabi reviews UAE’s strategic investments in Greece

Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has reviewed a number of strategic UAE projects and investments in renewable energy and healthcare as part

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Finance

Mubadala and Khalifa University launch Life Sciences Innovation Programme

Mubadala Investment Company and Khalifa University have launched the Life Sciences Innovation Programme to enhance the UAE's healthcare ecosystem, focusing on early-stage research in various medical fields.

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Economy

UAE-Greece Strategic Forum in Athens yields €12.75 billion agreements

Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and His Excellency Mr Kyriakos Mitsotakis, Prime Minister of the Hellenic Republic, have attended part of the

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Economy

FTA hosts second Emirates Majalis session at Al Barsha Majlis

Abdulaziz Al Mulla, Director-General of the Federal Tax Authority (FTA), called on customers and members of society concerned with the tax system to share their ideas and suggestions for the sustainable development of the Authority’s.

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Finance

ADCB posts AED10.3 billion net profit in first nine months of 2026

Abu Dhabi Commercial Bank (ADCB) reported a net profit after tax of AED10.296 billion for the first nine months of 2026, an increase of 27 percent compared with the same period last year, while profit.

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Energy

85% of energy insiders see sector as more attractive for investment

Confidence in the global energy industry’s future remains strong despite ongoing uncertainty, with 85 percent of energy insiders saying the sector is more attractive to invest in than five years ago, according to the inaugural.

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Finance

Mubadala Bio’s IDS and GSK form partnership to boost medicine access in UAE

Mubadala Bio’s IDS and GSK have formed a strategic alliance to enhance healthcare in the UAE, managing GSK’s General Medicines portfolio to support local pharmaceutical capabilities.

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