Abu Dhabi SWFs invested $26.1b in fresh capital in H1 2024
Abu Dhabi-based sovereign wealth funds (SWFs) – Abu Dhabi Developmental Holding Company (ADQ), Abu Dhabi Investment Authority (ADIA), and Mubadala – deployed a total of $26.1 billion in fresh capital in the first half of 2024, according to latest data from consultancy GlobalSWF. ADQ accounted for $9.2 billion, ADIA for $8.7 billion, and Mubadala deployed […]
UAE leaders congratulate US President on Independence Day
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Joe Biden of the United States of America on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin […]
Zayed International Airport wows Elon Musk
Zayed International Airport in Abu Dhabi received a thumbs up from tech entrepreneur Elon Musk. Musk is known for his innovative ventures like SpaceX. Musk took to social media platform X, also owned by him, to urge the US to learn from the UAE’s advancements in airport technology. The inspiration? A video posted by Emirati […]
UAE business activity and demand strong as economy continues to grow in June, S&P PMI report
UAE businesses experienced a “marked increase” in business activity and a “steep rise” in new work in June, with most non-oil businesses optimistic about the future, according to the latest S&P Purchasing Managers Index (PMI). “Companies are still enjoying strong customer demand and robust sales pipelines, which are sustaining output expectations and driving purchasing activity,” […]
Abu Dhabi ranked safest city globally for eight consecutive years
Abu Dhabi has been named the world’s safest city for the eighth consecutive year, according to Numbeo’s 2024 Mid-Year Crime Index released on Tuesday. The Numbeo Crime Index, updated semiannually, considers survey responses regarding perceptions of crime, personal safety during daylight and nighttime, concerns about specific crimes, and the extent of property and violent crimes. […]