The crude producer will price the IPO of Abu Dhabi National Oil Co. for Distribution PJSC in a range of 2.35 dirhams (64 cents) to 2.95 dirhams a share, according to an advertisement published in Gulf News. Based on that estimate, the unit is valued at $8 …
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Dubai roads clogged with accidents, delays
Dubai: Motorists faced a bleak start to the week on Sunday due to multiple traffic accidents and heavy congestion across a number of routes in Dubai. An accident was reported on Financial Centre Road in the direction towards Dubai Mall, which led to slow …
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Pay as you throw waste fee for all Dubai buildings soon
Dubai: A new ‘pay as you throw’ waste fee is coming soon for Dubai buildings, Gulf News has learnt. All buildings in Dubai will soon be charged for waste collection as Dubai Municipality has decided to outsource the service to the private sector …
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UAE’s Manazel set to hand over Abu Dhabi villas
The handover follows on from the Al Reef 1 which now houses 17,000 residents. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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Dubai and Australia team up with fintech initiative
The Dubai Financial Services Authority (DFSA), the financial regulator of the Dubai International Financial Center (DIFC), tied up with the Australian Securities and Investments Commission (ASIC) to put in place a regulatory framework for cooperation on …
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UAE investment firm Amanat names new chairman, MD
Vayalil added: “Amanat has the potential to become a game changer in healthcare and education, not only in the UAE but on the global stage. “Both sectors are ripe for investment and with Amanat’s strong financial position, now is the time to …
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Dubai Financial Market : UAE bourses to revive on Emaar Development’s listing – Analysts
Dubai – Mubasher: The UAE bourses are expected to bounce on Wednesday in line with Emaar Development’s listing on the Dubai Financial Market (DFM). Emaar Development is the second firm to be listed on the DFM in 2017 after Orient UNB Takaful which went …
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Middle East financial markets bracing for change
UAE. The UAE Financial Markets Association is challenging the region’s investment bankers, traders, treasury managers and finance professionals to brace for change amid the rise of populism in the West and the sharing economy grows. Mohammed Al Hashemi …
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Finance House to be receiving bank for Adnoc unit IPO
Finance House has announced its participation as a ‘Receiving Bank’ in the Initial Public Offering (IPO) of Adnoc Distribution. Adnoc Distribution, the UAE’s leading operator of retail fuel service stations and the sole retail fuel operator in Abu …
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Hamdan reviews Dubai Municipality’s 2071 housing plan
Dubai: Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of Dubai Executive Council, on Saturday reviewed Dubai Municipality’s 2071 Housing Plan for Emiratis, which take into account the expected needs of plots during the …
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Man in court for forging Dubai parking ticket
Dubai: An employee has been accused of forging a parking ticket to park his car for free at a Roads and Transport Authority (RTA) paid parking area, heard a court on Thursday. An RTA parking inspector was inspecting a paid car park facing a mosque in Al …
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Anwar Maqsood rallies for Pakistan Centre in Dubai
Dubai: Community members gathered at the Pakistan Association in Dubai (PAD) on Friday evening to welcome artist Anwar Maqsood, who has been named Ambassador of Pakistan Centre. Pakistan Centre, once completed, will be the world’s largest community …
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Bottas gets pole position ahead of Hamilton for Abu Dhabi GP
ABU DHABI, United Arab Emirates – Valtteri Bottas beat Mercedes teammate Lewis Hamilton to take pole position for the season-ending Abu Dhabi Grand Prix on Saturday. Hamilton, who secured his fourth world title two races ago, led on the first two split …
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Abu Dhabi GP: Valtteri Bottas vows to make pole position count
Valtteri Bottas has vowed to make amends for failing to win from pole in Brazil two weeks ago after claiming pole position for the season-ending Abu Dhabi GP. Bottas narrowly edged out team-mate Lewis Hamilton to claim pole by nearly two tenths of a second …
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Abu Dhabi GP: Felipe Massa to ‘have fun’ and ‘risk everything’ in final race
Felipe Massa says he will have fun and “risk everything” in his final F1 race after securing 10th with a “perfect” qualifying performance at the Abu Dhabi GP. The Brazilian, whose 15-season F1 career will come to a close on Sunday, produced one of the laps …
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Abu Dhabi Grand Prix: Hamilton leads Mercedes one-two in practice
Get unlimited news Full access to our news and in-depth Autosport Plus features – all in an ad-free enviroment. Subscribe to Autosport Plus Bottas denies Hamilton Abu Dhabi pole Valtteri Bottas narrowly beat Formula 1 world champion Lewis Hamilton to pole …
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Abu Dhabi GP3: ART’s Hubert handed five-second penalty in race one
ART Grand Prix driver Anthoine Hubert has been handed a post-event penalty after the first GP3 race in Abu Dhabi and has lost reverse-grid pole as a result. Hubert had five seconds added to his time and as a result also loses his significantly better …
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