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Month: May 2022

Posted on 23/05/2022

Borouge’s $2 Billion Abu Dhabi IPO Draws in Asia’s Richest Man

Sign up for our Middle East newsletter and follow us @middleeast for news on the region.Most Read from BloombergWalmart’s Troubles Should Have Everyone on High AlertA $5 Trillion ‘Wealth Shock’ Is …

Posted on 23/05/2022

UAE jobs: No perfect work-ready employee any more, report says

Ninety-three per cent of firms have had difficulties recruiting suitably qualified engineers for available jobs in the last year, according to a UAE Skills Survey report by the Institution of …

Posted on 23/05/2022

Dubai: Gang impersonates CID officers to steal 4.5 million Saudi riyals from man, arrested

The Dubai Public Prosecution is investigating a robbery in Jebel Ali industrial area that was carried out by a gang of 11 members impersonating as CID officers. The group of Arab men stole 4,550,000 …

Posted on 23/05/2022

All single-use bags will be charged for in Dubai

Dubai’s new plastic bag charge, coming into effect from July 1, will be extended to apply to all types of single-use bags. Dubai Municipality explained in an update that a single-use bag charge of up …

Posted on 23/05/2022

Bulgari and Dubai Culture announce winner of first Bulgari Contemporary Art Award

The Chairperson of Dubai Culture and Arts Authority attended the award ceremony held at the Italy Pavilion at Expo 2020 Dubai. Nima Nabavi was chosen by the jury as the winner of the award from a …

Posted on 23/05/2022

Dubai to host Middle East’s first summit dedicated to precision medicine and healthcare

International experts from Asia, Europe, the US, and the MENA region will offer insights into new technologies and research shaping the future of the healthcare business ecosystem Dubai to host Middle …

Posted on 23/05/2022

DP World UAE’s petrochem hub claims 60 percent of Dubai’s total trade value in the sector at $5.8bn

Despite the 2020 crisis and the delayed economic recovery, the petrochem sector is poised for significant growth in the decades ahead, DP World’s chief commercial officer said DP World UAE’s petrochem …

Posted on 23/05/2022

Dubai to Expand It’s Soft Mobility Project

Dubai will set to start an expansion of its Soft Mobility Project to cover Al Barsha 1 and 2 in the third quarter of this year, with the project scheduled for completion in the third quarter of next …

Posted on 23/05/2022

UAE: New education minister announced, structural changes unveiled

Meanwhile, Sarah Al Amiri was appointed as the Minister of State for Public Education and Advanced Technology.
( read original story …)


Posted on 23/05/2022

UAE unveils structural change to education system with new appointments

The UAE has announced a major structural change to its education system, with Ahmad Belhoul Al Falasi appointed as the Minister of Education. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and …
( read original story …)


Posted on 23/05/2022

First BSV Global Blockchain Convention to be Held in Dubai

The BSV Global Blockchain Convention has announced that its first event will be held in Dubai on May 24 to 26, 2022. The three-day convention will take place at the Grand Hyatt Dubai, a famous …
( read original story …)


Posted on 23/05/2022

UAE Health Insurance Market Report, Industry Overview, Growth Rate and Forecast 2027

According to the latest report by IMARC Group, titled “UAE Health Insurance Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast …
( read original story …)


Posted on 23/05/2022

Cloud Box Technologies expands team to boost new growth path

Dubai, UAE: Cloud Box Technologies (CBT), one of the leading IT Infrastructure Solution providers in the Middle East, has announced the appointment of Biju Unni as Vice President. His vast experience …
( read original story …)


Posted on 23/05/2022

Abu Dhabi’s biggest IPO to date – from Borouge – opens at Dh2.45/share

ADNOC JV Borouge ropes in high-profile ‘cornerstone’ investors, including India’s Adani Dubai: Borouge is pricing its share at Dh2.45, implying a valuation of $20 billion for the Abu Dhabi …
( read original story …)


Posted on 23/05/2022

Abu Dhabi’s biggest IPO to date – from Borouge – opens at Dh2.45/share

ADNOC JV Borouge ropes in high-profile ‘cornerstone’ investors, including India’s Adani Dubai: Borouge is pricing its share at Dh2.45, implying a valuation of $20 billion for the Abu Dhabi …
( read original story …)


Posted on 23/05/2022

Abu Dhabi-based Borouge sets IPO price, gets seven cornerstone investors

Abu Dhabi-headquartered petrochemicals firm Borouge said on Monday it has set the offer price for its initial public offering (IPO), which shows it could raise about $2 billion in the deal, and …
( read original story …)


Posted on 23/05/2022

Abu Dhabi-based Borouge sets IPO price, gets seven cornerstone investors

Abu Dhabi-headquartered petrochemicals firm Borouge said on Monday it has set the offer price for its initial public offering (IPO), which shows it could raise about $2 billion in the deal, and …
( read original story …)


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