In an interview with Gulf News, Mahir Al Syed Ali, manager at the Abu Dhabi Technical Services Centre of Emirates Transport, said: “We generally focus on converting government and commercial vehicles but it’s entirely open for private vehicle owners …
( read original story …)
The UAE breaks ground on iconic pavilion at Expo 2020
Dubai: The UAE has broken ground on its pavilion at Expo 2020 Dubai, with Shaikh Ahmad Bin Saeed Al Maktoum, chairman of the Expo 2020 Dubai Higher Committee, laying the foundation at a ceremony on Sunday. The event also included the signing of the …
( read original story …)
Dubai Frame opening date not decided yet: DM
The official called on the public not to circulate such false news and verify the information through the official channels of the Municipality. “Dubai Frame is one of the unique projects that Dubai Municipality is keen to implement. It is an aesthetic …
( read original story …)
Visitor molested boy during Dubai Fountain show
Dubai: A visitor has been accused of molesting a 13-year-old boy while he was watching the dancing water show at the Dubai Fountain at Dubai Mall, heard a court on Sunday. The Saudi boy was said to be standing at the edge of the balcony watching the Dubai …
( read original story …)
Dubai real estate market an ‘investment destination’
UAE-based Arenco Real Estate sees a stronger real estate market for Dubai in the coming years due to unlimited opportunities that are open and available to investors. Home to more than 200 nationalities, Dubai is one of the world’s most diverse places to …
( read original story …)
Watch: Dubai Safari closed due to heavy rain
Heavy rains in Dubai flood roads and pavements causing disturbance to traffic and pedestrians in the early hours of the day. (Photo: Clint Egbert/Gulf News) “School buses usually leave by 2.15 pm but left at 1.15 pm as the last period was cancelled.
( read original story …)
The Irishman fronting the UAE’s biggest IPO in a decade
Irishman John Carey is fronting the biggest initial public offering (IPO) in the United Arab Emirates in over a decade in a deal worth 3.31 billion dirhams (€767 million). Carey, who worked for 17 years at oil giant BP in senior roles around the globe …
( read original story …)
Oil giant hails success of Abu Dhabi’s ‘largest IPO in a decade’
He said the IPO brought world-class investors into Abu Dhabi … international investors have been hugely excited about developing a position in the United Arab Emirates (UAE), they see the good growth fundamentals here, it’s a great place to invest …
( read original story …)
ADNOC Distribution Jumps 16% At Market Debut In UAE
ADNOC Distribution, the fuel retail unit of the UAE’s state oil firm ADNOC, made a strong debut on the Abu Dhabi Securities Exchange on Wednesday, opening 16 percent higher than the price set in the initial public offering (IPO). Shares in ADNOC …
( read original story …)
UAE oil giant must build regional ‘credibility’ ahead of Saudi Aramco IPO next year
A United Arab Emirates state-owned oil giant made a positive stock market debut Wednesday, a listing likely to resonate through the Middle East as several other companies prepare to go public. The Abu Dhabi National Oil Company (ADNOC) listed a stake in …
( read original story …)
Saudi Arabia drives MENA IPO activity in Q3 2017: EY
UAE. The Middle East and North Africa (MENA) region witnessed five IPO deals in the third quarter of 2017, representing a 400% increase when compared to the single IPO recorded in Q3 2016. Announced MENA value, or capital raised, reached US$ 236.7 million …
( read original story …)
ADNOC Distribution IPO Valuation Could Be Lesson For Aramco
The Abu Dhabi National Oil Company (ADNOC) has set an IPO offer price for its fuel distribution unit at US$ 8.5 billion, well below the up-to-US$14 billion valuation the UAE’s state oil firm was targeting six months ago. The difference between the …
( read original story …)
ADNOC successfully completes the IPO of ADNOC Distribution as trading commences on the Abu Dhabi Securities Exchange
… IPO in Abu Dhabi in over 10 years with substantial demand from both institutional and retail investors IPO spurred demand and interest from UAE retail investors – oversubscribed 22 times on the retail tranche, prompting ADNOC to double the size of the …
( read original story …)
Nasdaq Dubai Launches Futures In ADNOC Distribution, Emaar Malls
IPO, that raised AED3.1 billion. Emaar Malls listed on Dubai Financial Market, DFM, in October, 2014 after raising AED5.8 billion in its IPO. The addition of the two companies is the latest expansion of Nasdaq Dubai’s derivatives market, which will …
( read original story …)
Nile Property Expo 2017 Showcases Egypt’s Real Estate Prowess
UAE- based Egyptians thronged to the Nile Property Expo – Abu Dhabi 2017 being held at the Abu Dhabi National Exhibition Centre (ADNEC), to peruse through attractive and valued investment opportunities from more than 15 exhibitors, on the first day of …
( read original story …)
Abu Dhabi Fund For Development Allocates AED10.5 Billion To Finance 26 Strategic Projects In Bahrain
A technical delegation from Abu Dhabi Fund for Development (ADFD) visited the Kingdom of Bahrain to review the progress of the development projects financed by the Fund in the country. The projects are being implemented as part of the AED9.19 billion (US$2 …
( read original story …)
ISNR Abu Dhabi 2018 To Examine Role Of Artificial Intelligence In Homeland Security In Line With UAE Leadership’s Vision
In line with the UAE Strategy for Artificial Intelligence, ISNR Abu Dhabi 2018, jointly organised by the Ministry of Interior and Reed Exhibitions, is set to host keynote addresses from influential government and private sector experts, hold topical …
( read original story …)