Dubai: Abu Dhabi National Oil Co (ADNOC) has invited investment banks to pitch for bookrunner roles for the initial public offering of its drilling unit, two sources told Reuters on Sunday. The oil …
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Mythical to meteoric: The rise of tech unicorns
Ammar Al Malik is the managing director of Dubai Internet City The boom in tech firms either floating on stock markets or …
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MENA equity capital market activity plunged in Q1; Alkhorayef sole IPO
Equity and equity-related issuance in the MENA region totaled $267.7 million during the first quarter of 2021, a 67 percent decline in proceeds from 2020 and the lowest start to the year since 2011, …
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Abu Dhabi ADQ offers to form steel, building materials giant
ADQ, one of Abu Dhabi’s three sovereign wealth funds, plans to combine Emirates Steel Industries PJSC with Arkan Building Materials Co. and form an entity with total assets of about $3.54 billion …
Abu Dhabi based Multiply Marketing acquires stake in digital media platform Firefly
After the deal, Firefly will become part of Multiply Group’s Communications vertical Abu Dhabi: IHC’s subsidiary Multiply Marketing Consultancy (MMC) has acquired a stake in Firefly, a street-level …
UAE visa: How to lift permanent immigration ban imposed due to TB
Question: I was permanently banned from the UAE after tuberculosis (TB) scars were detected in my lung during the visa health screening process. I am now fully clear. How do I go about lifting this …
UAE investors go bullish as earnings season nears end
Dubai: Abu Dhabi stocks expanded last week’s gains and picked up on the back of blue-chip banking stocks, while advances in Dubai stocks were once again led by the property shares ahead of their …
UAE strongly condemns terror attack on Kabul school for girls
In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) emphasised that the UAE utterly condemns these criminal acts and rejects all forms of violence and terrorism …
UAE law: Can you be compelled to work during Eid?
Can you be compelled to work during Eid? Question: I work in a company in Dubai. According to the UAE government’s official announcement, pri …
Green mortgages now available in UAE through HSBC bank
Climate change has become a global pressing issue and governments and private entities are racing to find new ways to incentivise green investment …
Dubai Police launch round-the-clock service for people of determination
Dubai: A new online service has been launched by the Dubai Police that aims to accord people of determination “high priority in receiving aid and rapid response”, according to Dubai Police. Those with …
Dubai ruler’s Ramadan food campaign distributes 216 mln meals, double its target
The ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum announced on Saturday that the United Arab Emirates “100 Million Meals” Ramadan campaign has …
Covid: Emirates sets up Dubai-India airbridge to transport urgent relief items
Emirates airline has set up a humanitarian airbridge between Dubai and India to transport urgent medical and relief items in order to support India in its fight to control the serious Covid-19 …
Dubai: Gold set for further gains this week
Gold prices are expected to touch $1,860 an ounce this week after the precious yellow metal registered its best week in six months, according to commodity analysts.The metal closed at $1,831.42 per …
Moro Hub partners with Huawei to build Middle East’s largest solar-powered data centre
Located at the Mohammed bin Rashid Al Maktoum Solar Park, it will be the largest solar-powered Uptime TIER III-Certified Data Centre in the Middle East and Africa.
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Huawei to build solar-based data centre in Dubai
Exclusive news, comment and analysis on the MENA region An unrivalled 20-year old archive Exclusive announcements on project news, bids, awards and updates The latest Industry data and competitor insi …
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Abu Dhabi’s International Holding Company to list three subsidiaries on ADX Second Market
Three subsidiaries of Abu Dhabi Securities Exchange (ADX)-listed International Holding Company (IHC) will be listed on the exchange’s Second Market in Q2 2021. The three subsidiaries are: real estate …
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