setting an IPO offer price that valued the unit at US$8.5 billion. Last year, after oil prices crashed and OPEC+, including the UAE, had to curtail massive production volumes to rebalance the …
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Abu Dhabi oil giant ADNOC considers IPO of drilling business – sources
DUBAI- Abu Dhabi National Oil Company (ADNOC … ADNOC has held discussions with banks over the potential initial public offering (IPO), said the sources, who declined to be named as the matter is not …
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UAE Ramadan: What the law says about reduced work hours
The UAE’s ministry and federal government entities will operate from 9am to 2pm during the holy month of Ramadan, the Federal Authority for Government Human Resources announced on Thursday. While …
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MoF organises a workshop on collecting UAE Government Finance Statistics
This is in line with the ministry’s efforts to strengthen financial management federally, support the development process, and achieve financial stability …
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8 fabulous things to do in Dubai this weekend
Located in Dubai Festival City Mall, try some of their hero burgers which include the Bondi Burger and the Oprego Burger. Just wanting a chilled time at home? Why not try this new viral TikTok …
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UAE captain Raza backs Mumbai Indians to do a Real Madrid
The UAE’s cricketing fraternity are eager for the IPL to get underway and while the country’s captain Ahmed Raza backed the Royal Challengers Bangalore to lay their hands on a maiden title, he also …
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UAE: Staying Open
After a first lockdown last spring, the United Arab Emirates chose to reopen to business and tourism. Anyone can travel to Dubai with a negative PCR (polymerase chain reaction) test taken no more than …
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Dubai’s real estate deals reach Dhs5.1 billion
Under the theme “Emirati Women in Entrepreneurship”, the Dubai Business Women Council (DBWC) and the Department of Economic Development (DED), Dubai, organised a ceremony to celebrate In his capacity …
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Expo 2020 Dubai gets new boost with French pavilion inauguration
The French Pavilion at Expo 2020 Dubai was officially inaugurated on Thursday in the presence of Reem Al Hashimy, Director General of Expo 2020 Dubai and Minister of State for International …
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Dubai Industrial City provides “high-end infrastructure” to build factories
Dubai Industrial City, one of the largest industrial hubs in the region, is supporting the growing food industry in the UAE by being “an enabler” for manufacturers, and in doing so it is providing …
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Dubai weekly realty deals top Dh5b
The real estate and properties transactions valued at 5.1 billion in total during the week ending 08 April 2021, according to Dubai Land Department (DLD). The DLD weekly real estate report said the …
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Emaar Properties first-quarter sales more than double, MD tells Al Arabiya
DUBAI (Reuters) – The managing director of Emaar Properties, Dubai’s largest listed real estate developer, on Thursday said the company achieved first-quarter sales of 6 billion dirhams ($1.63 billion …
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Dubai real estate revival: Properties are selling within hours; deals hit 6-year high
Data Finder, the real estate insights and data platform under the Property Finder Group, has reported that in March 2021 the market saw 10.93 billion dirhams ($2.9 billion) worth of properties sold …
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Japan, UAE to collaborate on hydrogen technology, global supply chain
Japan and the United Arab Emirates on Thursday agreed to work together on technology to produce hydrogen … of cooperation between the oil-producing UAE and energy-importer Japan, reflects …
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Sharjah residents thank govt for reduced attestation fees during pandemic
The 50 per cent reduction on attestation fee for rental lease has expired on March 31, according to a Sharjah City Municipality official. Earlier, the Sharjah Executive Council authorities had …
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Sharjah to have new dialysis building for seniors
Sharjah will soon have a building specifically for the dialysis sessions of senior citizens and residents in the emirate. His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme …
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Ramadan in UAE: Paid parking hours extended in Sharjah
Paid parking hours have been extended till 12 midnight in Sharjah for the holy month of Ramadan. According to the Sharjah Municipality, the fees will have to be paid from 8am to 12am for using public …
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