Abu news 2019
Here are some of the top news stories from Abu Dhabi in 2019:
- Abu Dhabi's non-oil trade surplus reaches AED 143 billion: In January 2019, the Abu Dhabi Department of Economic Development announced that the emirate's non-oil trade surplus had reached AED 143 billion (USD 39 billion) in 2018, a significant increase from the previous year.
- Abu Dhabi's GDP growth rate reaches 2.4%: In February 2019, the Abu Dhabi Statistics Centre announced that the emirate's GDP growth rate had reached 2.4% in 2018, driven by growth in the non-oil sector.
- Abu Dhabi's tourism sector sees significant growth: In March 2019, the Abu Dhabi Tourism & Culture Authority announced that the emirate's tourism sector had seen a significant increase in visitors, with a 12% growth in tourist arrivals in 2018.
- Abu Dhabi's Louvre Museum opens to the public: In November 2017, the Louvre Abu Dhabi museum opened to the public, featuring a collection of over 600 artworks from around the world. In 2019, the museum welcomed over 1 million visitors.
- Abu Dhabi's Etihad Airways announces major restructuring: In April 2019, Etihad Airways announced a major restructuring plan, which included the reduction of its workforce and the sale of some of its assets.
- Abu Dhabi's ADNOC announces major oil discovery: In June 2019, the Abu Dhabi National Oil Company (ADNOC) announced a major oil discovery in the emirate, which was expected to increase the country's oil reserves.
- Abu Dhabi's Yas Marina Circuit hosts Formula 1 race: In November 2019, the Yas Marina Circuit in Abu Dhabi hosted the Formula 1 Etihad Airways Abu Dhabi Grand Prix, which was won by Lewis Hamilton.
- Abu Dhabi's ADNOC Distribution IPO raises AED 10.4 billion: In October 2019, ADNOC Distribution, the retail arm of ADNOC, raised AED 10.4 billion (USD 2.8 billion) in an initial public offering (IPO) on the Abu Dhabi Securities Exchange.
- Abu Dhabi's Masdar City announces major solar power project: In September 2019, Masdar City, a sustainable urban development project in Abu Dhabi, announced a major solar power project, which was expected to generate enough electricity to power over 10,000 homes.
- Abu Dhabi's Expo 2020 preparations underway: In 2019, preparations for Expo 2020, which is being held in Dubai, but also has a significant presence in Abu Dhabi, were underway. The event is expected to attract millions of visitors from around the world.
These are just a few of the top news stories from Abu Dhabi in 2019. The emirate continues to be a major hub for business, tourism, and culture in the Middle East.