Sheikh Hamed bin Zayed Al Nahyan, Managing Director of the Abu Dhabi Investment Authority (ADIA), has discussed business relations between the UAE and the UK with senior UK Government officials at the Global Investment Summit in London.
On the sidelines of the summit, Sheikh Hamed met with British Prime Minister Rishi Sunak, and also held meetings with Chancellor of the Exchequer Jeremy Hunt and UK Business Secretary Kemi Badenoch.
They reviewed economic, trade and investment relations between the two countries, and opportunities for further cooperation in all fields within the framework of the strategic partnership that binds the two countries together.
The meetings were also attended by Khaldoon Khalifa Al Mubarak, Chairman of the Executive Affairs Authority and Member of the Abu Dhabi Executive Council.
The Global Investment Summit is attended by around 200 of the world’s leading chief executives, investors, innovators and government officials.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
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Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.