The Abu Dhabi Wealth Fund, known as ADQ, is rapidly expanding its portfolio, which has more than doubled in value over the past four years. Currently, the fund boasts assets totaling around $250 billion, including investments in high-profile entities such as the auction house Sotheby’s and the flagship airline of the Emirates. In a recent...
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, conducted a meeting with representatives from the British company Shard Capital to discuss the advancement of the $7 billion Mediterranean Petrochemicals Complex in New Alamein. This meeting follows the signing of a joint framework agreement with the Saudi Al-Qahtani Group last February during the EGYPES event....
Abu Dhabi has secured its position as a hub for pop culture enthusiasts by extending the Middle East Film & Comic Con (MEFCC) partnership with Informa until 2027. The announcement was made by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) during the Arabian Travel Market 2025, exciting fans who look...
UAE-based food packaging company Hotpack has announced its decision to establish its first manufacturing and distribution hub in North America, located in New Jersey. This move is aimed at improving service delivery to Hotpack’s customers in the United States and underscores the company’s commitment to innovation and environmental responsibility in the global packaging industry. Last...
Abu Dhabi Aviation Company announced a significant increase in net profits for the first quarter of 2025, reaching AED 215.32 million, compared to AED 26.81 million during the same period in 2024. This marks a remarkable growth in the company’s financial performance. The company’s revenue from contracts with customers surged to AED 1.97 billion in...
The Dubai Civil Aviation Authority (DCAA) has introduced a new corporate identity, an initiative that signifies a strategic milestone for the organization. This rebranding effort is encapsulated in the slogan “Returning to the Beginnings with New Horizons,” which aims to reflect the DCAA’s commitment to growth and innovation in the aviation sector. Credit: Government of...
Top executives from Abu Dhabi are gathering in Tokyo this week to participate in the inaugural Abu Dhabi Investment Forum. This event marks a significant step toward strengthening cooperation between the emirate and Japan in various sectors, including clean energy, hydrogen, artificial intelligence, and life sciences. The forum aims to foster partnerships and investment opportunities...
The Maldives government has partnered with Dubai-based MBS Global Investments to create an $8.8 billion financial centre in the capital city of Male. This ambitious project aims to establish a complex that will feature skyscrapers and will not impose residency requirements on its users. The financial centre will offer significant tax benefits, including no corporate...
The Roads and Transport Authority of Dubai (RTA) has announced plans to complete 57 major road projects by 2027 in an effort to reduce traffic congestion. This initiative comes after a review of the latest plans by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, and aims to...
Under the guidance of His Highness Sheikh Hamdan bin Zayed Al Nahyan, the Chairman of the Environment Agency – Abu Dhabi (EAD), the Abu Dhabi Coral Gardens initiative has been officially launched. This ambitious project is recognized as the largest of its kind in the Middle East, aiming to enhance marine biodiversity in the region....