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New industrial licences surge 16.6% in first year after Adis launch in 2022

ABU DHABI / WAM Launched by HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu DhabiExecutive Council in June 2022, the Abu Dhabi Industrial Strategy (Adis) has accelerated the transformation of the emirate’s manufacturing sector, strengthening its position as the region’s most competitive industrial hub within its first year. Increased activity ...

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Sheikh Khaled receives Sheikh Tahnoon at Adnoc HQ to review company’s role in advancing national economic growth

ABU DHABI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, on Tuesday received HH Sheikh Tahnoun bin Mohammed Al Nahyan, Abu Dhabi Ruler’s Representative in Al Ain Region, during a visit to Adnoc’s headquarters to review the company’s efforts in advancing the growth of the ...

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Yen weakens towards level that prompted September intervention

BLOOMBERG Japan’s currency dropped towards a level that triggered the first yen-buying intervention since 1998 in September, prompting a top official to voice concern. Finance Minister Shunichi Suzuki said authorities are watching the currency’s trends with a high sense of urgency and will take steps if excessive moves are seen. His comments caused the yen to rise a bit, trading ...

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