The partnership builds on the foundations of the Abraham Accords, Al Zeyoudi said Dubai: The UAE and Israel signed a trade deal on Tuesday, which will see their non-oil bilateral trade cross $10 …
Investment Corporation of Dubai significant turnaround in profitability with a net profit for the year 2021 of AED 10.1bln
Dubai: ICD announced today its consolidated financial results for the year ended 31 December 2021 having generated Revenues of AED 169.4 Billion and reported a Net Profit of AED 1 …
Dubai’s state investor ICD swings to $2.75bln net profit in 2021
Dubai, the Dubai government’s main investment arm, reported a net profit of 10.1 billion dirhams ($2.75 billion) for 2021, after a loss of over 15 billion dirhams in 2020, as the economy recovered …
Dubai-based ride sharing firm Swvl to slash headcount by a third
The reductions will focus on roles that have been automated by investments in engineering and product and support functions …
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Abu Dhabi Borouge’s $2 billion IPO set to be ADX’s biggest
Abu Dhabi-based petrochemicals company Borouge raised more than $2 billion on Tuesday after demand for its initial public offering topped $83.4 billion.
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Abu Dhabi’s Borouge sees $80 billion demand for IPO, sources say
The ADNOC, Borealis AG joint venture is due to list on the ADX on Friday Abu Dhabi’s Borouge sees $80 billion demand for IPO, sources say Abu Dhabi, Abu Dhabi National Oil Company, Abu Dhabi …
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Abu Dhabi’s Borouge raises $2bln as IPO sees huge demand
The Abu Dhabi-based petrochemicals company Borouge Plc has raised more than $2 billion in a 10 percent stake sale that was hugely oversubscribed. Total gross demand for the IPO amounted to over $83.4 …
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Borouge’s $2 Billion Abu Dhabi IPO Draws $83 Billion of Orders
The United Arab Emirates’ main oil company and Borealis AG raised $2 billion in the initial public offering of their chemicals joint venture, drawing $83 billion of orders in the latest sign of strong …
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Borouge raises $2bn in 42 times oversubscribed Abu Dhabi IPO
Borouge, the joint venture between Adnoc and Austrian chemicals producer Borealis, successfully closed its $2 billion initial public offering, the biggest share sale on the Abu Dhabi Securities …
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Demand for real estate surges following new UAE visa regulations
New visa rules make the UAE an attractive second home for expats. Demand for real estate surges following new UAE visa regulations. real estate, uae real estate, UAE visa regulations, union square …
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Abu Dhabi’s Borouge draws $80bln in demand for its IPO: sources
DUBAI: Abu Dhabi-based petrochemicals company Borouge has attracted demand of $80 billion for its initial public offering, two sources told Reuters, as retail investors snapped up shares despite …
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Emirates Development Bank Highlights Growth-Focused Financing Solutions at MEA Finance Banking Technology Summit 2022
Emirates Development Bank (EDB), the key financial engine of the UAE’s economic diversification and industrial transformation agenda, has participated i …
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Binance receives approval to offer more crypto services in Bahrain
Binance has eyed Bahrain and the United Arab Emirates as crypto hubs, given their existing regulatory frameworks, sandboxes, and desire to host pioneering financial services Binance receives approval …
Abu Dhabi reveals new helplines, projects to boost wellbeing of families
The great work being done to support families across Abu Dhabi will be further strengthened thanks to this partnership with Mu …
UAE, Egypt, Jordan economic deal to pave way for new period of economic integration, ministers, officials say
The Industrial Partnership for Sustainable Economic Growth will help build the region’s added-value manufacturing sectors UAE, Egypt, Jordan economic deal to pave way for new period of economic …
New UAE Labour Law decrees: All you need to know about occupational disease and injury
If the work injury or occupational disease prevents the worker from performing his work, the employer shall pay to the worker an amount equivalent of his full wage throughout t …
UAE: Two Emirati brothers save woman, four children from drowning
Strong currents had swept the woman and children into deep part of Al Rams Creek Ras Al Khaimah: Two Emirati brothers, with the help of an Asian worker, have saved an Emirati woman and four children …