United Arab Emirates
ADNOC Gas Q3 profit hits record high
ADNOC Gas reported a record Q3 net profit of $1.34 billion, up 8% year-on-year, driven by strong domestic demand and improved margins, despite weaker oil prices.
The Dubai Integrated Economic Zones Authority (DIEZ) has confirmed that more than 112 American companies are now operating across its three key zones — Dubai Airport Free Zone, Dubai Silicon Oasis, and Dubai CommerCity — making up 3.4% of total registered firms.
According to official data, DIEZ’s zones contributed around AED 298 billion to Dubai’s foreign direct investment in 2023
The Dubai Integrated Economic Zones Authority (DIEZ) has confirmed that more than 112 American companies are now operating across its three key zones — Dubai Airport Free Zone, Dubai Silicon Oasis, and Dubai CommerCity — making up 3.4% of total registered firms.
Speaking at the Dubai Business Forum – USA, Dr. Juma Al Matrooshi, Assistant Executive Chairman at DIEZ, noted that top US brands such as Boeing, FedEx, Coca-Cola, DHL, and Abbott are leveraging Dubai as a strategic base for their regional operations. These firms span sectors like aviation, logistics, technology, and consulting.
Al Matrooshi underscored that the integration of DIEZ’s zones is central to boosting Dubai’s non-oil economy, supporting innovation, and strengthening the business ecosystem.
“We continue to enhance services, launch new incentives, and build high-value partnerships to attract global investors — especially from the US,” he said.
According to official data, DIEZ’s zones contributed around AED 298 billion to Dubai’s foreign direct investment in 2023, representing 67% of the total — a strong indicator of their role in driving sustainable growth and international competitiveness.
ADNOC Gas reported a record Q3 net profit of $1.34 billion, up 8% year-on-year, driven by strong domestic demand and improved margins, despite weaker oil prices.
Canadian-Israeli investment group Awz Ventures is moving ahead with a massive new semiconductor project in southern Israel, setting aside roughly 5 billion shekels (about $1.3 billion) to build an advanced fabrication plant in Ashkelon.
Abu Dhabi is rapidly positioning itself as the cultural heart of the Arab world, recording a significant surge in tourism in the first half of 2025.
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