Abu Dhabi’s ambitious energy transition, accelerated by the Barakah Nuclear Energy Plant’s commercial operations, aligns with the UAE Energy Strategy 2050. This strategy aims to balance energy sources, targeting 44% clean energy, 38% natural gas, 12% clean coal and 6% nuclear. Amid efforts to catalyse substantial investment in clean and renewable energy, Abu Dhabi is expected to play a leading…
Abu Dhabi’s ongoing transition from a fossil fuel-dependent economy to one driven by clean energy marks a significant shift. Hosting the Arab world’s first nuclear power plant and the largest single-site solar power plant, the emirate plays a pivotal role in this transition. While hydrocarbons remain integral to the broader UAE’s economy, global energy shifts and geopolitical tensions have increased…
Abu Dhabi’s insurance sector has been boosted by post-Covid-19 pandemic recovery and a competitive landscape. Gross written premium and underwriting income continue to rise, particularly for health and medical coverage. Digitalisation, competition and potential market consolidation are expected to shape the sector’s future, and Abu Dhabi-based providers stand well positioned to benefit from ongoing…
Abu Dhabi plays a central role in regional capital markets development, attracting government-owned companies seeking listings and contributing to sustainable asset regulatory frameworks. Amid global economic challenges, Abu Dhabi remains an attractive investment destination, with strong demand for its debt and a robust initial public offering (IPO) pipeline. Forward-looking regulatory measures, including…
Abu Dhabi’s banking sector thrives in a globally connected economy, supported by solid capitalisation, credit growth and profitability. The embrace of technological innovation and financial technology, coupled with strengthened cybersecurity and anti-money-laundering measures, positions Abu Dhabi’s banks for continued growth. High oil prices and a robust non-oil sector are expected to drive further…
Abu Dhabi contributes around 60% of the UAE’s GDP, with the country holding the world’s fifth-largest proven oil reserves, primarily located in Abu Dhabi. The emirate prioritises diversifying its economy and empowering the private sector. Timely fiscal interventions and robust sovereign assets have helped to cushion the Covid-19 pandemic’s impact, while forward-thinking policies and an attractive…
Abu Dhabi, the largest emirate in the UAE, boasts 200 islands and 700 km of coastline. It is a vital player in the UAE’s economic and political landscape, with around 96% of the country’s oil reserves. To propel diversification, the Abu Dhabi Economic Vision 2030 is focused on key sectors such as finance, ICT, agri-tech, tourism and manufacturing. The Abu Dhabi Plan, meanwhile, which was initiated…
On innovative approaches in water conservation and reuse Where do you see opportunities for the UAE to contribute to global sustainability efforts? AHMED AL SHAMSI: The water-management segment in the UAE is undergoing a transformative shift towards sustainable solutions, in line with global efforts. This transition involves moving away from conventional waste-disposal practices towards…
On Abu Dhabi’s carbon capture efforts and the role of hydrogen in the energy mix How are research and development initiatives helping improve overall efficiencies and supporting Abu Dhabi’s net-zero ambitions in the oil and gas sector? MUSABBEH AL KAABI: Safely and permanently storing CO2 underground is crucial to reducing overall emissions. As such, ADNOC is investing in scalable carbon-related…
On the business opportunities presented by sustainable waste management In what ways can private partnerships and public participation support Abu Dhabi’s goal of 80% waste diversion by 2030, and what steps can enhance uptake of the so-called three Rs – reduce, reuse, recycle – across all sectors? ALI AL DHAHERI: Private partnerships and public participation are crucial to realising…
