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#1- The UAE dominated Forbes’ top 100 listed companies ranking this year, with 32 companies securing positions among the Middle East’s top firms in terms of sales, assets, and profitability. This year’s list welcomed four new Emirati entrants: Adnoc Gas, Borouge, PureHealth, and Adnoc Logistics & Services. Abu Dhabi conglomerate International Holding Company (IHC) climbed two places from last year, securing the third spot on the list.
Other Emirati firms that made the cut in the top 30:
- First Abu Dhabi Bank (FAB) ranked fifth;
- Emirates NBD ranked sixth;
- Taqa Group secured eighth position;
- Adnoc Gasclaimed the 12th spot;
- e& came in 13th place;
- ADCB Group secured the 14th position;
- Alpha Dhabi Holding ranked 15th;
- Dubai Electricity and Water Authority came in 18th place;
- Emaar Properties secured the 20th spot;
- Dubai Islamic Bank (DIB) ranked 21st;
- Our friends at Mashreq secured the 23rd place;
- Abu Dhabi Islamic Bank (ADIB) ranked 27th;
- Aldar Properties was in 30th place.
#2- The UAE was recognized for its efforts in promoting sustainable development, securing the first place in the economic category of the Small Island Developing States Partnerships Awards for its UAE-Pacific Partnership Fund and UAE-Caribbean Renewable Energy Fund, according to a statement.
About the funds: Both established through partnerships between Abu Dhabi Fund for Development (ADFD) and Masdar, the UAE-Pacific Partnership Fund (pdf) was launched in 2013 with an investment of USD 50 mn from ADFD to develop solar and wind projects across Pacific Island nations, while the UAE-Caribbean Renewable Energy Fund (pdf) was launched in 2017 with a USD 50 mn grant from ADFD to support renewable energy efforts across Caribbean Island countries.
#3- Al Ansari Financial Services was recognized as the best financial institution IPO in the Europe, Middle East, and Africa region for 2023 by EMEA Finance, according to a company statement (pdf). The award came in recognition of strong investor demand surrounding its IPO in 2023, which raised AED 773 bn and drew AED 12.7 bn in orders.
#4- Abu Dhabi’s Masdar City received the WiredScore Platinum and SmartScore gold certifications for its upcoming developments, Masdar City Square and The Link, Wam reports. WiredScore and SmartScore are global benchmarks that assess and certify digital connectivity and smart technology in homes and buildings, according to the WiredScore website.
MORE KUDOS-
- AD Ports’ Sila and Mirfa harbors received the 5 Gold Anchors award for “operational excellence” from The Yacht Harbour Association. (Statement)
- The Roads and Transport Authority (RTA) handed Abu Dhabi’s Integrated Transport Centre an award for its efforts in boosting traffic safety for delivery motorbikes and another for its autonomous mobility project, Leading the Way. (Statement)
