April 17, 2026
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China auto output and sales jump in March

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Abdullah bin Zayed, Kaja Kallas review UAE-EU ties

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UAE president hosts UK PM for regional security talks

Tag : UAE economy

Business

ADNOC closes $11 billion deal for offshore gas project

omandailynews.com
ABU DHABI, December 19, 2025: Abu Dhabi National Oil Company (ADNOC) announced on Thursday the completion of a landmark structured financing agreement valued at up to AED 40.4 billion ($11 billion) to advance the Hail and Ghasha offshore gas development. The financing, arranged in partnership with Italy’s Eni S.p.A. and Thailand’s......
Business

UAE strengthens position among fastest-growing economies

omandailynews.com
ABU DHABI, December 18, 2025: The United Arab Emirates strengthened its position in 2025 as one of the world’s fastest-growing economies, driven by broad-based expansion in non-oil sectors, rising trade volumes, and sustained investment inflows. Official data and global economic assessments indicated continued growth momentum supported by sound fiscal management and......
Business

ADCB sees 27 percent increase in Q1 23 net profit reaching AED 1.87 billion

omandailynews.com
Abu Dhabi Commercial Bank (ADCB) has reported a remarkable 27% surge in its net profit for Q1 2023, reaching AED1.878 billion. The bank’s net interest income also grew by 33% to AED2.851 billion, while non-interest income rose by 34% to AED1.061 billion. ADCB’s total assets rose by 13% to AED501......