Abu Dhabi National Oil Company (Adnoc) and Abu Dhabi National Energy Company (Taqa) on Friday announced the successful financial closing of their $3.8 billion strategic project

Stock markets tumbled, the pound crashed against the dollar and oil prices slumped on Friday on growing recession fears after central banks this week ramped up interest rates to fight decades-high inflation.

The exhibitions, conferences and events sector in Abu Dhabi is witnessing a strong comeback and has exceeded levels seen before the COVID-19 pandemic.

The UK’s new government on Friday unveiled a multi-billion-pound package to support households and businesses hit by the highest inflation in decades, cutting taxes as the nation heads for recession.