Author: MoneySecrets
ADNOC announced that its “In-Country Value (ICV) Program for the Industrial Sector” has contributed to creating 17,000 job opportunities for Emirati talent within its strategic private sector partners, highlighting the significant impact the program has made since its launch in 2018. Eng. Salem Bafrejeh, Vice President of ICV and Industrial Development at ADNOC, stated during the largest edition of the “Manufacturers Exhibition”, held for the first time as part of the fourth “Make it in the Emirates” forum, that ADNOC is committed to training and empowering UAE nationals in line with the leadership’s vision to invest in young Emirati talent;…
Emirates NBD reported robust financial results for the first quarter of 2025, with pre-tax profit surging by 56% to AED 7.8 billion. The growth was supported by strong lending momentum, an improved deposit mix, and the successful launch of new products and services. These factors contributed to an 11% year-on-year increase in total income. Net profit after tax reached AED 6.2 billion, reflecting a slight 7% decline compared to the same period last year, but showing improvement over Q4 2024. The bank’s balance sheet crossed AED 1 trillion, fueled by significant growth in loans and deposits, in line with a…
Abu Dhabi National Energy Company “TAQA” recorded a 3.8% year-on-year revenue growth in the first quarter of 2025, reaching AED 14.2 billion. This increase was primarily driven by higher pass-through costs in its transmission and distribution operations. While revenue increased, adjusted EBITDA declined by 6.7% to AED 5.3 billion, and net income dropped by 1.5% to AED 2.1 billion. Through its majority stake in Abu Dhabi Future Energy Company “Masdar”, TAQA made significant progress in expanding its global renewable energy portfolio in Q1. Masdar’s subsidiary “C2 Omega” acquired the 243 MW “Valle Solar” project in Spain, and also reached an…
The Dubai Centre for Family Businesses, operating under Dubai Chambers, organized a new seminar as part of its “Governance Series”, which aims to empower family businesses to achieve sustainable, intergenerational growth through enhanced governance practices and strategic leadership planning. Held today, the seminar brought together 35 representatives from Dubai-based family businesses and featured the presentation of a successful international case study in family business sustainability. The discussions focused on effective strategies for leadership succession planning and methods to engage second-generation leaders within family businesses, ensuring their early involvement in institutional development and long-term continuity. A highlight of the seminar was…
Ben Dietrich, spokesperson for the U.S. Department of Energy, affirmed the strength of the energy partnership between the United Arab Emirates and the United States. He said that the two countries share a deep-rooted and long-standing relationship in the energy sector, expressing the U.S.’s eagerness to expand cooperation with the UAE in areas such as global supply security and infrastructure resilience. He added, “We welcome the continued growth of Emirati investments in U.S. energy projects and look forward to new partnerships that support economic growth in both countries.” Dietrich noted that the UAE and the U.S. enjoy a trusted partnership…
Abu Dhabi Future Energy Company “Masdar” announced today the successful completion of its latest green bond issuance, valued at AED 3.67 billion (approximately USD 1 billion), reinforcing its global leadership in sustainable finance. With this latest offering, the total amount raised through Masdar’s green bond program now stands at AED 10.092 billion (approximately USD 2.75 billion). The issuance is split into two equal tranches of AED 1.83 billion (approximately USD 500 million) each, with tenors of 5 and 10 years and annual yields of 4.875% and 5.375%, respectively. The offering witnessed exceptional demand from both regional and international investors, including…
In a special episode of the “Money Secrets” podcast, hosted by economic content creator Ahmed Elgamal and featuring Dr. Samer El-Lahham, Consultant Cardiologist, the discussion shifted from numbers and markets to the most valuable investment a person can make: their health. The episode explored the strong connection between nutrition, sleep, exercise, mental stress, and heart health, emphasizing that stress is the heart’s number one enemy, and that a balanced lifestyle is the true first line of defense against chronic diseases. Dr. Samer pointed out that many symptoms of heart disease are often misunderstood, such as stomach or shoulder pain, leading…
Emirates Global Aluminium (EGA) has announced the completion of over 50% of the construction of the UAE’s largest aluminium recycling plant, 42 days ahead of schedule, showcasing the company’s efficiency and commitment to safety and quality. The facility, located near EGA’s smelter in Al Taweelah, will have an annual production capacity of 170,000 tonnes. The project has already achieved more than 1.2 million safe work hours with zero lost-time injuries, and the installation of the largest melting furnace in the UAE, capable of processing 17 tonnes per hour, is scheduled for completion in June. The new plant will recycle both…
Ras Al Khaimah International Airport has announced the adoption of the advanced thermal dynamic technology “DYNIS” as part of its passenger terminal expansion project, becoming the first airport in the Middle East and Asia to implement this groundbreaking energy efficiency solution. This strategic step reflects the emirate’s commitment to sustainable growth and the adoption of cutting-edge, environmentally friendly innovations. The project is part of the Ras Al Khaimah Civil Aviation Authority’s efforts to enhance infrastructure efficiency and meet the growing travel demand, in line with the emirate’s continued growth in tourism and economic sectors. From the outset, the expansion prioritized…
The Dubai International Financial Centre (DIFC), a leading financial hub in the Middle East, Africa, and South Asia, has launched the “One Million Learners” initiative, aiming to equip one million individuals with knowledge in sustainability and sustainable finance by 2030. The initiative was announced as part of DIFC’s Sustainable Finance Catalyst, during the Dubai FinTech Summit held in Madinat Jumeirah. This initiative reflects DIFC’s commitment to promoting sustainable development by empowering individuals with the knowledge and tools needed to understand sustainable finance — helping build more inclusive, resilient, and future-ready societies. Commenting on the launch, Arif Amiri, CEO of DIFC…