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The UAE’s non-oil foreign trade exceeded AED 2.8 tn in 2024 -CBUAE
Abu Dhabi’s non-oil foreign trade rose by 9% y-o-y to AED 306 bn last year
Taqa to develop 1 GW open-cycle gas turbine in Abu Dhabi
Taqa Transmission will develop power grid infrastructure to integrate the generation capacity with “new sources of energy demand”
THIS MORNING: UAE slapped with a 10% tariff as Trump triggers global trade war
Plus: Dubai to get on-demand self-driving cars this year
Non-oil sector drove 3.8% growth in Abu Dhabi’s GDP last year
The non-oil sector grew 6.2%
More firms set up shop in DIFC + Jafza earmarks AED 90 mn to expand logistics park
Plus: Bitpanda obtained a broker-dealer license from Dubai’s VARA
Increased enrollment boosts Taaleem’s bottom line + Abu Dhabi National Takaful sees net income decline in 2024
Takaful’s revenues amounted to AED 756.9 last year
Abu Dhabi industrial rents jump 25% as demand outpaces supply -Savills
Key industrial hubs Mussafah, ICAD, and KEZAD have all now crossed the AED 500 per sqm threshold
Adia, Mubadala boost investments in private credit abroad
Adia invested in Albacore Capital Group’s new lending strategy, while Mubadala is invested in a US real estate creditor
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