Economy

Miral, Abu Dhabi’s leading curator of experiences, today welcomed H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of the Executive Council and Chairman of Abu Dhabi Executive Office, at Yas Island’s Yas Bay, which is to become Abu Dhabi’s premier waterfront destination. The development will play an important …

The Abu Dhabi Investment Office, ADIO, plans to open a network of international offices to support global companies looking to establish and expand their operations in the UAE capital. Its first international office will be located in Tel Aviv and will focus on facilitating connections between innovation-focused companies and organisations …

The Ministry of Finance, MoF, has announced the launch of the Third Generation e-Dirham cards (e-Dirham G3), in cooperation with new government entities and national banks across the UAE. According to the Ministry, these new cards facilitate the collection of state fees and revenues, make transactions more convenient, and give …

DP World, the leading global provider of smart end-to-end logistics solutions, and Dubai Customs will be exploring opportunities to develop trade links between Israel and the UAE, following the signing of a series of memorandums of understanding. Group Chairman and CEO of DP World Sultan Ahmed bin Sulayem signed MoUs …

Etihad Airways has signed an agreement with MCI Middle East to be the official travel and destination management partner of its key events in 2021 and 2022. Etihad will offer speaker and travel management services for all conferences serviced by MCI in Abu Dhabi. This new agreement allows exhibitors, speakers …

Emirates has announced it will resume passenger services to Casablanca, Morocco from 18 September. The resumption of flights takes Emirates’ African network to 14 destinations, as the airline safely and gradually restores its network on the continent and across the globe to meet the travel needs of its customers. Flights …

The total expenditure of the UAE federal government amounted to AED24,997,691,014 by the end of Q2 2020, according to the Budget Execution Report, released by the Ministry of Finance today. The report puts the total revenues at AED34,744,272,796, which results in a total surplus of around AED9.75 bn by the …

Abdullah bin Touq Al Marri, Cabinet Member and Minister of Economy, has re-affirmed the ministry’s commitment to continue to work closely with its partners to address all besetting challenges through a flexible package and general plan to support the country’s economy. The minister made the remarks at a meeting held …

The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has approved the restructuring of the Board of Directors of the Emirates Development Bank under the chairmanship of Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced …

The Abu Dhabi National Oil Company, ADNOC, announced today, that it has entered into a long-term strategic investment with accounts and entities owned and/or advised by Apollo Global Management Inc. and its subsidiaries (collectively “Apollo”) (NYSE: APO), one of the world’s largest alternative investment managers, and a group of institutional …