Browsing: economic diversification

IHC, a global investment firm focused on creating value-driven networks, has reported its preliminary financial results for 2024, with revenue rising by 54.4% to AED 92.8 billion from AED 60.1 billion in 2023.

Abu Dhabi Airports, which manages the emirate’s five commercial airports, reported strong growth in 2024, reinforcing its status as a key global aviation hub.

A delegation from the Abu Dhabi Exports Office (ADEX) visited Strata Manufacturing’s headquarters, a leader in advanced composite aircraft structures, to strengthen strategic partnerships with Emirati companies in vital sectors.

TA’ZIZ has awarded a USD 1.7B (AED 6.2B) engineering, procurement, and construction (EPC) contract to SAMSUNG E&A for the development of one of the world’s largest methanol plants in Al Ruwais Industrial City, located in Abu Dhabi’s Al Dhafra region.

Saudi Arabia’s Gross Domestic Product (GDP) recorded a 4.4% growth rate in Q4 2024, marking…

Abu Dhabi’s sovereign wealth fund, ADQ, has partnered with Orion Resource Partners to establish a joint venture focused on metals and mining, ADQ announced on Thursday. This initiative aligns with the fund’s strategy to expand its critical minerals portfolio.

Mashreq Bank reported a net profit of AED 9B in 2024, marking a 4% increase from 2023 after accounting for AED 869M in tax payments.

The UAE’s industrial sector has witnessed significant growth in financing, with strong backing from both government and private entities. This collaboration is crucial for driving industrial expansion and achieving the ambitious goals of the “Operation 300 Billion” initiative, as highlighted by the Central Bank of the UAE (CBUAE).

The UAE’s industrial sector has seen notable growth in financing, supported by partnerships between government and private entities. This collaboration is central to achieving the ambitious goals of the “Operation 300 Billion”

Saudi Arabia raised $12B through a three-part bond sale, drawing strong investor interest, the National Debt Management Center (NDMC) reported on Tuesday. The funds will help address the country’s budget deficit, repay maturing debt, and support its wide-ranging economic diversification projects.