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Category: business

Abu Dhabi Ports Group’s nine-month revenue rises 22% in 2021

Abu Dhabi Ports Group, the operator of industrial cities and free zones in the emirate, reported a 22 per cent increase in revenue during the first nine months of the year on the back of volume growth, business diversification and new partnerships.

The company earned revenue of Dh2.791 billion ($760 million), compared with Dh2.295bn for the period ending September 30, 2020. Continue Reading

Dubai to create promising new opportunities for investors by first quarter of next year

A large majority of investors say these initiatives will have a positive impact on the business environment

Dubai will work to accelerate the full completion of its business enhancement initiatives focused on creating promising new opportunities for investors by the first quarter of next year. Continue Reading

UAE jumps to 10th rank in global digital competitiveness

The UAE has achieved a major international milestone by being ranked in tenth place in the World Digital Competitiveness Ranking 2021 led by the US four years running. Continue Reading

Dubai renewables company Alcazar Energy Partners acquired by China Three Gorges

Renewable energy businesses in the UAE are getting a whole lot of investor attention.

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Sheikh Hamdan: Dubai on track to realise Mohammed bin Rashid’s vision

Dubai is recovering as a preferred global investment destination, says Sheikh Hamdan

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Abu Dhabi GDP’s 2019 level to reach in 2023, says S&P

 

The UAE capital’s fiscal position remains strong over the next two years Continue Reading

UAE to commission first green hydrogen plant this week

 

The Dubai Electricity and Water Authority (Dewa) in collaboration with Expo 2020 Dubai and Siemens Energy, is implementing the green hydrogen project, the first of its kind in the Middle East and North Africa

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IMF upgrades UAE, global economic growth forecast

The IMF Fund more than doubled the UAE’s 2021 growth projection from 1.3 per cent in October 2020 to 3.1 per cent

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ADGM Office of Data Protection first in Gulf to join IECWG

The IECWG is a permanent working group of the Global Privacy Assembly

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UAE economy to grow faster untill 2024: IIF

US think-tank says UAE GDP to grow 2.3% in 2021, 3.0% in 2022, 3.4% in 2023 and 3.5% in 2024

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