Masdar breaks ground on inaugural 1GW wind farm in Kazakhstan and advances Round-the-Clock renewable energy ambitions

US$1.4bn wind and battery project in Zhambyl region is one of largest renewable energy developments in Central Asia Landmark project will power approximately 880,000 homes and avoid 2.5 million tonnes of CO₂ emissions annually Masdar also signs roadmap agreement with Ministry of Artificial Intelligence and Digital Development to advance Kazakhstan's first Round-the-Clock renewable energy project Zhambyl Region, Kazakhstan – June 29, 2026: Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, today formally broke ground on its 1-gigawatt (GW) wind farm in the Zhambyl region of Kazakhstan. The wind farm is Masdar's first renewable energy development in Kazakhstan and one of the largest integrated wind and battery storage projects in Central Asia, representing investment of ......read full article

New economic licences in Abu Dhabi increase 21% in Q1 2026

Abu Dhabi – 22 June 2026: The Abu Dhabi Registration Authority (ADRA), the Abu Dhabi Department of Economic Development’s (ADDED) arm to develop and regulate the business sector, has reported a 21% increase in the number of new economic licences issued during the first quarter (January to March) of 2026, compared to the corresponding period in 2025. The strong growth rates in the number of new economic licences and categories across the emirate’s regions and economic sectors reaffirms the attractiveness of Abu Dhabi’s business ecosystem for quality investments and its ability to sustain growth despite the challenges witnessed across the region during the past period. The number of active licences in the emirate increased by 12% during Q1-2026 compared to the same period last year. New economic licences also ......read full article

Under supervision of Smart and Autonomous Systems Council, Abu Dhabi Investment Office, General Civil Aviation Authority and Integrated Transport Centre (Abu Dhabi Mobility) sign c

Abu Dhabi, 19 June 2026: Under supervision of the Smart and Autonomous Systems Council, and in the presence of Sheikh Hamdan bin Saeed bin Tahnoon Al Nahyan, Abu Dhabi Investment Office, the General Civil Aviation Authority and the Integrated Transport Centre (Abu Dhabi Mobility) have signed a cooperation agreement to enhance the design, manufacturing and deployment of advanced air mobility solutions. The agreement aims to advance innovation in the sector, align efforts related to design certification and the efficiency of smart aviation systems, and develop regulatory frameworks for sustainable air transport solutions. The initiative supports the objectives and vision of the Smart and Autonomous Systems Council to shape the future of smart mobility in the emirate and advance autonomous transportation systems across land, sea and ......read full article

Central banks set to step up gold buying over the next year

16 June, 2026 –The World Gold Council's annual Central Banks Gold Reserves Survey reveals that 89% of reserve managers expect global central bank gold holdings to continue increasing over the next 12 months. With gold recently overtaking US government bonds as the top reserve asset, the findings point to continued momentum in central bank demand for gold. That confidence is also reflected in central banks' own reserve plans: a record 45% of the reserve managers surveyed said they expect to increase their own institutions' gold holdings over the next 12 months. Additionally, 83% of respondents believe gold will account for a higher share of total reserves five years from now, up from 76% last year. Taken together, these findings point to gold's increasingly strategic role within reserve portfolios. Today, ......read full article

EDGE Deepens Ties with the Basilicata Region During High-Level Visit

EDGE MD and CEO Hamad Al Marar signed an MoU with President Vito Bardi of Basilicata, in the presence of the UAE Ambassador to Italy, to advance cooperation across the region's industrial, defence, and technology ecosystem Abu Dhabi, UAE/Atella, Italy: 15 June 2026 – The United Arab Emirates’ advanced technology and defence group, EDGE, has signed a Memorandum of Understanding (MoU) with the region of Basilicata o explore opportunities for industrial collaboration, knowledge exchange, and talent development. The MoU was signed in Atella, Italy, during an official EDGE delegation visit to Costruzioni Motori Diesel (CMD), the Italian propulsion specialist in which EDGE has agreed to acquire a controlling stake. It was formalised by Hamad Al Marar, Managing Director and CEO of EDGE, and Vito Bardi, President of ......read full article

EGA builds STEM labs in UAE schools and universities

United Arab Emirates, 09 June 2026: Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, has built STEM labs in schools and universities across the UAE, supporting the development of future industrial talent in the nation. EGA is a major employer of science, technology, engineering, and mathematics professionals, with over 1,500 people working in these fields at the company, including more than 500 UAE nationals. The new STEM labs offer students with hands-on experience using methods and equipment commonly applied across engineering, fabrication, and product development, supporting the development of essential technical skills and encouraging interest in future STEM careers. In addition to developing and equipping the new facilities, EGA is overseeing the instruction of ......read full article

RWE and Masdar receive planning permission for 3GW Dogger Bank South offshore wind farm projects

Lord Whitehead, on behalf of the UK Energy Secretary, gives consent to both Dogger Bank South East and West offshore wind farm projects The two 1.5GW projects are being developed as a joint venture between RWE and Masdar, and would be co-located over 100km off the northeast coast of England Both projects secured Contracts for Difference in the UK Government's Auction Round 7 and will now progress towards a final investment decision and construction Abu Dhabi/Swindon, 14 May 2026 Global clean power leaders RWE and Abu Dhabi Future Energy Company PJSC – Masdar welcome the decision made by Lord Whitehead on behalf of the UK Energy Secretary's legal authority to approve the Development Consent Order for the two Dogger Bank South (DBS) offshore wind farms. The proposed wind farms, DBS West and DBS East, are ......read full article

EDGE Group Signs Agreement to Acquire CMD, a Top-Tier Italian Engine Company

The signing of the agreement for the acquisition of Southern Italy-based CMD will give EDGE direct access to over 35 years of piston engine manufacturing excellence, laying the foundation for a high-quality engine production base in Europe The deal represents EDGE Group’s landmark European expansion and strengthening of its global propulsion capabilities Abu Dhabi, UAE / Atella, Italy – 14 May 2026 – EDGE Group today announced the signing of an agreement to acquire a controlling stake in Costruzio ni Motori Diesel S.p.A. — CMD — a leading Italian company specialised in the design, prototyping, and development of advanced propulsion systems for automotive, marine, and aeronautical applications. The signing ceremony took place at the CMD plant in Atella, in the Basilicata region of Southern ......read full article

Space42 Reports Strong Q1 2026 Results

Rising revenue and solid margins underpin strong Q1 2026 performance Space Services revenue surges by 15% Strategic execution lays foundation for long-term, sustainable growth Abu Dhabi, UAE, May 14, 2026: Space42, the UAE based AI powered SpaceTech company with global reach, today announced its consolidated financial results for the three months ended March 31, 2026. The Company’s shares are listed on the Abu Dhabi Securities Exchange under the symbol SPACE42 (ISIN: AEE01122B228). In Q1 2026, Space42 delivered a robust financial performance, recording an increase in revenue and maintaining the momentum of the final quarter of 2025. It continued to execute across its four core strategic pillars while exercising rigorous control of its cost base, ensuring strong levels of profitability and margin. The Group ......read full article

ENOC Group honours employee excellence at the 2026 edition of the annual ENOC Awards

To Tweet this news, copy-paste the following: #ENOC Group to celebrate employee excellence on May 12 at the 2026 edition of the annual ENOC Awards Dubai, UAE; 13 May 2026: ENOC Group, a leading integrated global energy player, honoured and celebrated the outstanding contributions and dedication of its employees during the annual 2026 ENOC Awards ceremony, held on Tuesday, May 12. The prestigious event, hosted at the Al Ras Ballroom, InterContinental Dubai Festival City, recognised 456 employees for their role in enhancing ENOC Group’s competitiveness as an industry-leading national energy company. The annual awards reflect ENOC’s continued commitment to fostering a culture of excellence, innovation, and continuous improvement across the Group. ‘’ENOC Awards ceremony reflects our deep appreciation for our ......read full article

ADNOC Distribution delivers 21% net profit growth in Q1 2026, reflecting strength and resilience

The Company generated its highest ever Q1 EBITDA of $307 million (+11.7% YoY) and net profit of $210 million (+20.7% YoY) Fuel volumes reached a Q1 record of 3.82 billion liters (+2.4% YoY) Non-fuel retail gross profit increased 10% YoY, driven by higher customer footfall, enhanced property management, and convenience store offerings The Company added 22 service stations in Q1 and is on track to hit its target of 60-70 new stations in 2026 Board of Directors approved ADNOC Distribution's first quarterly dividend (5.14 fils per share) to be paid in June 2026 Abu Dhabi, UAE – May 13, 2026: ADNOC Distribution (ISIN: AEA006101017) (ADX: ADNOCDIST), the leading mobility and convenience retailer in the UAE, reported strong financial and operational performance in the first quarter ended 31 March 2026, with record Q1 ......read full article

EDGE and ADNOC Partner to Advance Strategic Capability Development

Abu Dhabi, UAE: 12 May 2026 – EDGE and ADNOC have signed a Memorandum of Understanding (MoU) under which EDGE will deliver capability development training to ADNOC employees through BRIDGE's advanced training and support programmes. BRIDGE, the Group’s strategic enabler for advancing technologies from development to production, industrialisation and operational excellence, has successfully trained more than 450 ADNOC employees under a previous contract, equipping them with practical AI knowledge, leadership skills, and tools to support data-driven decision-making and digital transformation. Under this agreement, BRIDGE will support ADNOC's AI initiatives across human capital and technology integration through tailored programmes covering: leadership development; diversity and inclusion; upskilling and advanced ......read full article

Solutions+ and Inception partner to scale enterprise AI implementation across the GCC

Abu Dhabi, 11 May: Solutions+, a Mubadala company and a leading UAE business consultancy offering digital solutions and shared services, has entered a strategic partnership with Inception, a G42 company, to accelerate the implementation of enterprise AI solutions across the Mubadala Investment Company "Mubadala" Group and the wider GCC market. Announced at Make it in the Emirates 2026, the partnership focuses on helping organizations move beyond pilot use cases to fully integrated, operational AI systems that deliver measurable business impact. The partnership agreement was signed by Nasir Al Nabhani, Managing Director of Solutions+, and Ashish Koshy, CEO of Inception. The partnership supports the UAE's broader ambition to embed advanced technologies into core industries and scale national capabilities in AI-driven ......read full article

UAE honors 20 companies and individuals for driving billions back into the national economy

Organizations and individuals recognized at Make it in the Emirates for their contributions to the local content agenda. Abu Dhabi, UAE. 6 May 2026: The Ministry of Industry and Advanced Technology (MoIAT) honored 20 companies and individuals at Make it in the Emirates 2026 on Tuesday for their contributions to the UAE's In-Country Value (ICV) Program — an initiative that has redirected AED 473 billion into the national economy to date. The ceremony, held as part of National ICV Day on the second day of Make it in the Emirates, was attended by His Excellency Hasan Jasem Al Nowais, Undersecretary of MoIAT, alongside senior officials from government and industry. HE Al Nowais said the awards reflect the growing impact of public-private collaboration. "The ICV Program is a key driver in ......read full article

EDGE Awards AED 200 Million Contract to Abu Dhabi Cable Harness Manufacturer ECCI

EDGE entity HALCON has awarded an AED 200 million contract to Abu Dhabi-based ECCI for the manufacturing and supply of mission-critical subsystems The contract forms part of a larger drive from EDGE to integrate and rapidly grow the advanced capabilities of the UAE's manufacturing industry Abu Dhabi, UAE: 6 May 2026 – EDGE, one of the world's leading advanced technology and defence groups, through its smart weapon systems producer, HALCON, has awarded a contract to Emirates Cable Corporation Interconnect (ECCI), an Abu Dhabi-based manufacturing company specialising in the design and production of world-class cable and tactical harness solutions, to manufacture and supply high-technology cable harness assemblies. The contract to provide mission-critical subsystems that enable power distribution, signal ......read full article

Abu Dhabi Family Business Council Signs MoU with First Abu Dhabi Bank

The MoU advances sustainability while delivering innovative banking and financing solutions for family businesses Abu Dhabi, United Arab Emirates: 05 May 2026 – As part of ongoing efforts to strengthen the economic environment for family businesses in the Emirate of Abu Dhabi, the Abu Dhabi Family Business Council (ADFBC) and First Abu Dhabi Bank (FAB) signed a Memorandum of Understanding (MoU) aimed at supporting the growth and sustainability of family businesses and enhancing cooperation between the two parties in a manner that contributes to sustainable economic development.. The MoU was signed by H.E. Masood Al Masood, Vice Chairman of the Abu Dhabi Family Business Council, and Martin Tricaud, Group Head of Wholesale Banking- First Abu Dhabi Bank (FAB) The MoU also aims to establish a joint framework between the ......read full article

EtihadWE Development and Investment Arm Signs EPC Agreement with NMDC Infra and Lantania for Fujairah I IWP 60 MIGD Desalination Plant

Abu Dhabi, UAE – 05 May 2026: The development and investment arm of Etihad Water and Electricity (EtihadWE) has signed an Engineering, Procurement and Construction (EPC) agreement with NMDC Infra and Lantania Aguas for the Fujairah I Independent Water Producer (IWP) project, a 60 million imperial gallons per day (MIGD) seawater reverse osmosis (SWRO) desalination plant, with a total investment value of AED 1.046 billion. The signing ceremony was held at the Make It In the Emirates exhibition. The agreement was signed by Eng. Mohammed Al Shehhi, Chief Executive Officer of the development and investment arm; Haris Giatsos, Chief Executive Officer of NMDC Infra; and Pedro Almagro, Chief Executive Officer of Lantania Aguas. It was witnessed by Eng. Yousif Ahmed Al Ali, Chief Executive Officer of EtihadWE and Chairman of the ......read full article

UAE GSU shortlisted for three Reuters Energy Industry Awards 2026

Abu Dhabi, May 4, 2026 — Abu Dhabi-based GSU, a Resources Investment company, with a growing renewable energy portfolio across Africa and Central Asia, (GSU) has been shortlisted in three categories at the prestigious Reuters Events: Energy Industry Awards 2026, recognizing its growing impact across clean energy and infrastructure in emerging markets.

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Mazaya partners with Al Ansari Exchange to Expand Member Benefits, Strengthening Financial Accessibility to Members

Abu Dhabi, UAE - 04 May 2026: Mazaya, the membership programme managed by Nirvana Travel & Tourism, has announced the signing of a Memorandum of Understanding (MoU) with Al Ansari Exchange, the UAE’s leading outward personal remittance and foreign exchange company, to provide exclusive financial benefits to Mazaya members across the country. Through this partnership, Mazaya members will benefit from a 50% discount on prepaid cards, enhancing the programme’s everyday value and expanding its offerings into essential financial services. The collaboration reflects a shared commitment to delivering structured, high-impact solutions that strengthen financial accessibility and reinforce the integration of essential services within the Mazaya ecosystem. By extending its benefits into the financial services sector, ......read full article

Fertiglobe Delivers 31% Y-o-Y EBITDA Growth in Q1 2026, Demonstrating Financial and Operational Resilience Amid Challenging Geopolitical Conditions

Q1 2026 revenues rose 32% Y-o-Y to $915 million (+13% Q-o-Q), adjusted EBITDA grew 31% Y-o-Y to $342 million (+15% Q-o-Q) and adjusted attributable net profit almost doubled to $145 million (+98% Y-o-Y, +36% Q-o-Q). Robust Q1 2026 results reflect the resilience of Fertiglobe's globally diversified platform and its ability to capture value in tight market conditions. Urea operating rates across the platform reached 96% in Q1 2026, demonstrating tangible results from the Manufacturing Improvement Plan (MIP) with inventory built to ensure continued customer supply in coming months.  Egyptian operations continued to achieve record-breaking performance in Q1 2026, with no downtime across units and operating rates above 105% at EFC. Own-produced sales volumes were down 12% Y-o-Y due to trade route disruptions from the ......read full article

The Arab Monetary Fund and the Central Bank of the UAE Organize the “Financial Health” Conference on the Occasion of the Arab Financial Inclusion Day Under the Theme: “Financial He

Abu Dhabi, April 27, 2026 The Arab Monetary Fund, in collaboration with the Central Bank of the United Arab Emirates, inaugurated the “Financial Health” Conference in celebration of the Arab Financial Inclusion Day, with the participation of a wide range of regional and international financial institutions. The conference highlighted the strategic transformation in the concept of financial inclusion—from focusing on access to financial services to fostering individuals’ financial health—thereby enhancing their ability to achieve financial stability and economic sustainability. In his opening remarks, H.E. Dr. Fahad M. Alturki, Director General and Chairman of the Board of the Arab Monetary Fund, stated that Arab countries have achieved notable progress in expanding financial inclusion, with ......read full article

EXEED delivers comprehensive Q1 performance across global markets

Riyadh, Kingdom of Saudi Arabia – April 26, 2026: EXEED has closed an active first quarter globally, with its operations under Arabian Heritage Motors by Al Ghurair continuing to build on the Kingdom's position as a priority market. From rigorous product validation to channel expansion and brand building, EXEED has shown the systemic resilience and technological depth that now underpin its growth across key regions, including the Middle East. In January, the brand unveiled its largest flagship showroom in the MENA region in Riyadh. The 5,000-square-metre space offers an immersive environment that brings together product experience and brand culture. A second showroom has since opened in Jeddah, widening Saudi customers' access to EXEED's premium line-up. Beyond the Kingdom, EXEED is making steady progress across ......read full article

ADCB delivered record Q1'26 profit before tax of AED 3.781 billion, up 30% year on year, extending profit growth track record to 19 consecutive quarters

Strong first quarter performance delivered by the effective implementation of strategy, resilient business model and operational continuity through the period. Net profit after tax of AED 3.361 billion translated to a RoAE of 16.3%  Increasingly diversified revenue streams driving 18% YoY and 7% QoQ growth in operating income, with higher contribution from non-interest income, which was up 36% YoY and 27% QoQ, on higher fee and trading income Lowest quarterly cost to income ratio of 25.6% resulting from top-line growth and sustained efficiencies, with operating expenses 8% lower QoQ   Significant increase in net loans to customers of AED 20 billion during the quarter to AED 426 billion, up 5% QoQ and 18% YoY, characterised by a high-quality, well-diversified portfolio ADCB ......read full article

Emrill strengthens executive leadership team with appointment of HR director to advance people strategy and Emiratisation

Emrill, a leading UAE-based integrated facilities management provider, has announced the appointment of Khadija Alhirey as HR director and member of the executive leadership team. In her new role, Alhirey will lead Emrill’s HR function, with a mandate to align people strategy with business objectives, strengthen organisational capability and build a sustainable talent pipeline to support the company’s growth. She will focus on workforce planning, talent development and employee engagement across the organisation. A key priority for Alhirey will be advancing Emiratisation across the business, strengthening the development of local talent and positioning facilities management as a viable long-term career path for UAE nationals. This includes increasing awareness of opportunities within the sector, alongside engagement ......read full article

Masdar: 20 years of powering the world's clean energy future

Founded in 2006 by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Masdar was a bold bet on renewables when the world still doubted them. Since its launch, Masdar has helped transform renewables into the world's most cost-competitive, rapidly deployable power source Today, Masdar is one of the world's largest clean energy developers, with 65+ gigawatts of portfolio capacity and a clear path to 100GW by 2030 Now pioneering the next frontier: round-the-clock gigascale renewable power in Abu Dhabi, a blueprint for the intelligence age, ready to scale globally   Abu Dhabi, United Arab Emirates – April 23, 2026: Abu Dhabi Future Energy Company PJSC – Masdar is marking 20 years of leadership in renewable energy. Two decades ago, when renewable energy was nascent and unproven at scale, the UAE made a ......read full article

Amlak Finance announces AED 735 million dividend distribution

Dividend payout highlights the company's effective asset optimization, and strong financial foundation Dubai, United Arab Emirates: April 22, 2026: Amlak Finance PJSC ("the Company") has announced that its shareholders have approved an AED 735 million dividend, equivalent to a rate of AED 49 fils per share. This decision represents a historic milestone, reinforcing Amlak's solid financial foundation and its ongoing commitment to delivering shareholder value. The dividend payout total value of AED 735 million, representing 49% of the share capital, follows strong FY 2025 results. Amlak reported a net profit after income tax of AED 1.47 billion for the year that ended 31 December 2025, a substantial increase from AED 12 million in the same period in 2024. Total income for the full year 2025 significantly rose to AED ......read full article

du reports Q1 2026 Results delivering a strong start to the year

Revenue and profitability momentum continues into 2026 with 6.9% revenues growth, 49.5% EBITDA margin and 15.5% net profit growth Strong operational performance and robust business continuity despite the exceptional operating environment Dubai, UAE – 22 April 2026 – Emirates Integrated Telecommunications Company PJSC (“du”) today announced its financial results for the first quarter ended 31 March 2026, marking a strong start to the year despite some weakness observed in March. Performance in January and February was excellent, reflecting effective execution across du’s core businesses and the resilience of its operating model. March was impacted by an unusual convergence of external factors including regional geopolitical developments. Against this backdrop, du delivered resilient financial ......read full article

EGA to acquire majority stake in Italian aluminium recycling firm Eco Green, advancing global expansion strategy

Abu Dhabi, United Arab Emirates, 21 April 2026: Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas and the world's biggest producer of 'premium aluminium', today announced its intention to acquire an 80 per cent stake in Italian aluminium recycling company Eco Green. The acquisition, which remains subject to regulatory approvals, marks the latest milestone in EGA's global expansion and accelerates the company's growth in aluminium recycling across Europe. Eco Green specialises in aluminium scrap collection, sorting and casting, and dross processing, distributing a total of more than 70 thousand tonnes per year. The company's plant in Villafranca di Verona in northeast Italy collects, sorts and distributes approximately 23 thousand ......read full article

ScottishPower and Masdar set UK record for biggest blade install at East Anglia THREE offshore windfarm

First turbine installed at ScottishPower and Masdar's £4 billion East Anglia THREE offshore windfarm, featuring 115-metre blades – the biggest manufactured and used in the UK All 285 blades for the 14MW turbines are being manufactured in the UK at Siemens Gamesa's factory in Hull When complete, the 1.4 GW East Anglia THREE project will produce enough clean power for more than 1.3 million homes London/Abu Dhabi, 21 April 2026: ScottishPower and Masdar's East Anglia THREE offshore windfarm has set a UK offshore wind record with the installation of its first turbine – the first in the UK to feature 115 metre blades, each one longer than a Premier League football pitch. All 285 of the record-breaking blades for the project's 95 turbines are being manufactured in the UK at Siemens Gamesa's ......read full article

Record Profit of D 1B in Q1 2026.

RAKBANK is well positioned for growth​ with strong profitability, provision coverage, and capital​ Ras Al Khaimah, United Arab Emirates, April 20, 2026 - The National Bank of Ras Al Khaimah (RAKBANK) today reported its financial results for the first quarter of 2026 Across all products and services for our Corporate, SME, and Retail Clients. We remain open for business, supporting customers through short-term disruption while continuing to support their long-term ambitions. All-time high quarterly profit after tax Supported by industry leading net interest margin of 4.0% & CASA ratio of 65.6% and boosted by the gain on sale of the merchant acquiring business of d 473M. Robust balance sheet growth with ample liquidity​ Business momentum in Q1'26 was supported by ......read full article

EDB Reaches AED 1 Billion in Monthly Approvals, Anchoring the UAE's Industrial Resilience

Abu Dhabi, UAE – 20 April 2026: Emirates Development Bank (EDB), the key financial engine for the UAE's economic diversification and industrial transformation, today announced a landmark strategic milestone, recording AED 1 billion in monthly financing approvals. This scale of capital deployment reinforces the UAE's position as a global economic safe haven. While international markets navigate shifting trade dynamics and geopolitical complexities, EDB is actively executing a long-term vision to guarantee the nation's economic resilience. By systematically financing large-scale industrial projects, EDB is ensuring that the UAE's core infrastructure and supply networks remain robust, resilient, and entirely self-sufficient for decades to come. H.E. Ahmed Mohamed Al Naqbi, Chief Executive Officer of ......read full article

UAE's GSU Expands Renewable Energy Portfolio Across Africa and Central Asia in 2025

Abu Dhabi, UAE – 17 April, 2026 — Abu Dhabi-based Global South Utilities (GSU), a Resources Investment company, said in a statement today, highlighting its 2025 milestones across Africa and Central Asia, that it expanded its renewable energy portfolio across the two regions, supplying electricity to more than 500,000 homes. GSU’s 2025 milestones reflect a year of execution across complex and underserved markets, where GSU delivered projects on accelerated timelines across diverse operating environments. In countries where energy access remains inconsistent, the company’s work has increasingly focused on bringing reliable power closer to the communities that depend on it. The activity signals a shift from standalone developments to a more integrated model spanning generation, manufacturing, and market ......read full article

Sukoon announces 55% discount on car insurance for uae army, police and firefighers

April 16th, 2026 Dubai, United Arab Emirates (UAE) Sukoon Insurance today announced a landmark initiative offering up to 55% discount on motor insurance premiums for all active UAE Armed Forces personnel, Police Officers, and Firefighters. The exclusive discount, timed to coincide with the UAE’s upcoming 55th anniversary, is a continuation of Sukoon’s recently launched "We stand by the UAE" campaign. As a locally founded institution deeply rooted in the fabric of the nation, Sukoon is uniquely positioned to understand and support the communities it serves. The initiative serves as a tangible expression of solidarity and gratitude to the frontline heroes who ensure the safety, security, and resilience of the country especially during complex geopolitical times. Julien Audrerie, Head of Consumer Lines and Marketing ......read full article

EDB Injects AED 20M Daily to Sustain UAE Business Operations and Market Stability

Abu Dhabi, UAE – 13 April 2026: Emirates Development Bank (EDB), the UAE's key financial engine for economic diversification, today announced it is actively deploying an average of AED 20 million in financing every single day to ensure that businesses across the nation continue to operate without disruption. In a fast-moving global environment where supply chain delays and sudden market shifts can immediately impact business operations, EDB is one of the UAE's tool to support current market needs. This daily injection of financing support is designed specifically to solve immediate liquidity needs on the ground. By delivering cash into the hands of manufacturers, tech firms, and food producers rapidly, EDB guarantees that factories keep running, raw materials are purchased on time, and the UAE's domestic supply ......read full article

Deerfields Mall records 11% footfall growth in Q1, reinforcing its position as a leading community driven retail destination in Abu Dhabi

Abu Dhabi, UAE - Deerfields Mall has delivered a strong start to 2026, recording an 11 percent year on year increase in total footfall during the first quarter. The performance reflects the strength of the mall’s fundamentals and its deep-rooted connection with its surrounding communities, further reinforcing Abu Dhabi’s position as a stable and attractive retail market. March alone recorded a 10 percent increase in visitor numbers, highlighting consistent momentum and the mall’s growing role as a key destination for social, dining, and lifestyle experiences. This growth was largely driven by the Ramadan and Eid Al Fitr period, where the mall recorded a sustained uplift in footfall supported by the successful execution of its Epic Savings campaign. Offering compelling value across fashion, home, and essential ......read full article

Federal Tax Authority Obtains Corporate Ethical Procurement and Supply Certification for Third Consecutive Year

Dubai, UAE, 5 April 2026: The UAE’s Federal Tax Authority (FTA) has today announced that, for the third consecutive year, it has received the “Corporate Ethical Procurement and Supply” Certification, awarded by the Chartered Institute of Procurement & Supply (CIPS), a leading global organisation specialising in procurement and supply chain standards. This achievement reflects the Authority’s commitment to applying high standards of integrity, transparency, and governance in the management of procurement and supply operations, in line with international best practices. The FTA is the first tax authority globally to receive this certification and has been included in the Corporate Ethics Register, reinforcing its position in institutional governance. The certification is considered among the leading ......read full article

TotalEnergies and Masdar to form $2.2 billion Joint Venture to Accelerate Renewable Energy Growth in Asia

Binding agreement to merge onshore renewable activities in nine countries across Asia Each company will contribute assets of comparable value, totaling 3 GW of operational capacity and 6 GW under advanced development Abu Dhabi-headquartered platform positions partners to capture Asia's growing electricity demand Paris/Abu Dhabi, 2 April 2026 – TotalEnergies, a global integrated multi‑energy company, and Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, have signed a binding agreement to establish a $2.2bn 50/50 joint venture (JV) that will merge their onshore renewable activities in nine countries across Asia. As electricity demand accelerates across Asia, this partnership brings together capital and expertise to deliver renewable energy at the ......read full article

ADNOC distribution shareholders approve final 2025 dividend, bringing total annual payout to $700 million

Shareholders approved a final dividend of $350 million (10.285 fils per share) for H2 2025, to be paid in April 2026, with the full-year 2025 dividend yield of 5.4% ADNOC Distribution will move to quarterly dividends in 2026, with the first quarterly dividend for Q1 2026 expected to follow the H2 2025 payment, subject to Board approval Extension of ADNOC Distribution's dividend policy through 2030 received shareholder approval providing continued visibility for shareholders in line with the Company's policy Since the IPO, the Company has distributed $5.5 billion in dividends and delivered shareholder returns of 112% Abu Dhabi, UAE – April 1, 2026: ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE's leading mobility and convenience retailer, today announced shareholder approval of ......read full article

Mubadala Energy Secures Southwest Andaman Exploration Block, Further Strengthening Its Andaman Sea Position

100% operated award consolidates Mubadala Energy's position as the leading explorer and operator in one of Southeast Asia's most emerging prospective deepwater gas basins Abu Dhabi, 26 March 2026 – Mubadala Energy, the Abu Dhabi-headquartered international energy company, today announced the award of the Southwest Andaman exploration Production Sharing Contract (PSC) under Indonesia's Gross Split scheme. The block was awarded by Direktorat Jenderal Minyak dan Gas Bumi (DG MIGAS) as part of the Second Bid Round 2025. Mubadala Energy will hold a 100% participating interest and will operate the block. Situated immediately adjacent to Mubadala Energy's existing Andaman acreage, the Southwest Andaman block is a strategic addition to the company's Andaman position alongside its South Andaman, Central ......read full article

Hotpack honors outstanding talent and innovation at ‘CEO Excellence Awards 2026'

Dubai, UAE – March 23, 2025: Hotpack, the UAE-based leader in sustainable packaging solutions, hosted its annual ‘CEO Excellence Awards 2026’ recently in Dubai, in recognition of the outstanding contribution of individual employees, teams and projects across the operations of the company. The ‘CEO Excellence Awards’ has been instituted to identify talents, and team works that performed leadership, innovation, and operational excellence contributing to Hotpack’s overall growth and success. The event brought together employees from all divisions, celebrating their achievements and fostering a culture of recognition and excellence. The awards were presented by Mr. Abdul Jebbar PB, Founder, Group CEO & Managing Director of Hotpack, alongside Mr. Zainudeen PB, Co-Founder, Group COO & ......read full article