The Dubai Air Show in November 2019 marked the inauguration of EDGE Group, a new defence conglomerate based in Abu Dhabi created to bring a range of companies under one name. Launched by Sheikh Mohamed bin Zayed Al Nahyan, crown prince of Abu Dhabi and deputy supreme commander of the UAE armed forces, the new entity will have a combined annual...
In September 2019 Hazzaa Al Mansoori, born in Al Wathba in Abu Dhabi, became the first Arab to visit the International Space Station (ISS) in an eight-day mission accompanied by two fellow crew members from Russia and the US. Al Mansoori’s successful journey captured the emirate’s imagination and helped raise the global profile of the UAE’s...
What has been done to ensure continued investment in the long run, while minimising the impact of economic volatility cycles?
According to Abu Dhabi’s Khalifa Fund for Enterprise Development (KFED), small and medium-sized enterprises (SMEs) account for 94% of all companies in the UAE and provide jobs for 90% of the nation’s workforce. Statistics Centre - Abu Dhabi (SCAD) has established emirate-specific definitions for this important segment of the economy, by which...
Abu Dhabi has leveraged its hydrocarbons wealth to pursue a sovereign investment strategy that spans the globe, establishing itself as one of the largest overseas investors in the world. To strengthen the exchange of capital and ideas, the government has worked to create free zones to capture foreign direct investment (FDI), benefitting the...
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