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First Abu Dhabi Bank was formed as a result of a merger between FGB and NBAD. On 3 July 2016, the two UAE banks announced that their boards of directors had voted unanimously on the recommendation to shareholders for the merger of the two entities. [4] The transaction was approved by the respective shareholders on 7 December 2016.
This is a list of government-owned companies of the United Arab Emirates. A Government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government . Their legal status varies from being a part of government to stock companies with a state as a regular stockholder .
Abu Dhabi [a] is the capital city of the United Arab Emirates. The city is the seat of the Abu Dhabi Central Capital District, the capital city of the Emirate of Abu Dhabi, and the UAE's second-most populous city, after Dubai. The city is situated on a T-shaped island, extending into the Gulf from the central-western coast of the UAE.
The Abu Dhabi Developmental Holding Company PJSC, branded ADQ since 2020, is a significant sovereign wealth fund based in Abu Dhabi. It was established in 2018 as a comparatively low-profile state-owned entity, acronymized ADDH at the time. Since rebranding in 2020, it has emerged as a major global investor. [2]
The Supreme Petroleum Council (Arabic: المجلس الأعلى للبترول) was the highest governing body of oil, gas and similar industry-related activities in the Emirate of Abu Dhabi. [ 1 ] Formed in 1988, the Council was tasked with supervising all oil and gas companies that operate in Abu Dhabi. [ 2 ]
The United Arab Emirates [c] (UAE), or simply the Emirates, [d] is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a federal, elective monarchy composed of seven emirates, with Abu Dhabi as its capital. [16]
ADNOC Gas Processing is based Abu Dhabi, UAE. It manages over 3,000 km of pipeline network and 26 processing trains. [2] [3] In 2000 ADNOC Gas Processing started a $1.5 billion tender for its gas terminals expansion. [4] [5] ADNOC launched a Downstream Investment Forum in 2018, which attracted more foreign investments for the Ruwais Refinery. [6]
The Abu Dhabi National Oil Company (Arabic: شركة بترول أبو ظبي الوطنية), known by its acronym ADNOC, is the state-owned oil company of the United Arab Emirates (UAE). It is the world's 12th largest oil company by production. [ 2 ]