Abu Dhabi Business Centre (ADBC), a part of the Department of Economic Development (ADDED), has added 80 new economic activities to boost commercial activity and development, bringing the total of economic activities to 4062 by the end of last year.
Added to the list are 40 new commercial activities, 25 professional, six industrial, five agricultural, two crafts activities, and two in the tourism sector.
Mohammed Munif Al Mansouri, Executive Director of ADBC, said, "The new added economic activities reflect the vitality of (the) business sector in Abu Dhabi, which witnesses expansion in specialised activities.
"It also reflects ADDED’s efforts to ensure ease of doing business as we regularly study the economic sector to know the market demands and requirements. Adding new activities allow entrepreneurs to issue necessary licenses to do business and launch their projects which will contribute positively to commercial activity and economic development in Abu Dhabi."
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.
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His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, looked at ways to advance cooperation with South Korea in key sectors during talks with President Lee Jae-myung in Gyeongju.