These are external links and will open in a new window A British man who raised his middle finger at another driver in Dubai could face jail after he was arrested for “offensive behaviour”. Jamil Ahmed Mukadam, from Leicester, said he reacted “in …
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Why Dubai roads are decked up with Saudi flags
Dubai: Major roads here next to some of most iconic buildings are decked up in green and the UAE colours. Saudi and UAE flags together adorn a long stretch of the King Salman bin Abdulaziz Street, named after the Saudi monarch. The street-level gesture …
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Saudi regulator gives nod to Awazel’s IPO plans
Dubai: The Capital Market Authority (CMA) said on Thursday it has approved the Arabian Waterproofing Industries’ (Awazel) plan to offer 30 per cent or 8.1 million shares of the company’s share capital through an initial public offering. “A portion of …
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Adnoc said to consider IPO for shipping business
The UAE is the fourth-largest member in the Organisation of Petroleum … Emirates Global Aluminium, the largest aluminium producer in the Middle East, is considering an IPO that could raise about $3 billion. Saudi Arabia, the largest Gulf Arab economy …
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Abu Dhabi targets IPOs worth $5b ahead of Saudi Aramco
Dubai/Abu Dhabi: Abu Dhabi is hoping to fast-track at least $5 billion (Dh18.3 billion) of stock market listings by state-backed companies next year before Saudi Aramco’s planned $100 billion IPO dominates investor demand. Like neighbouring Saudi Arabia …
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UAE shares festive spirit of Saudi National Day
Abu Dhabi: The UAE is sharing the festive spirit of the Saudi National Day (September 23). The 87th National Day of the sister Gulf nation will be commemorated with two-day celebrations across the UAE, with fireworks displays adorning the skies of Dubai in …
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Abu Dhabi targets IPO frenzy ahead of Saudi Aramco
DUBAI: Abu Dhabi is hoping to fast-track at least $5 billion of stock market listings by state-backed companies next year before Saudi Aramco’s planned $100 billion IPO dominates investor demand. Like neighboring Saudi Arabia, Abu Dhabi is restructuring …
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MIDEAST MONEY-Abu Dhabi targets IPOs worth $5 bln ahead of Saudi Aramco
DUBAI/ABU DHABI, Sept 20 (Reuters) – Abu Dhabi is hoping to fast-track at least $5 billion of stock market listings by state-backed companies next year before Saudi Aramco’s planned $100 billion IPO dominates investor demand. Like neighbouring Saudi …
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Emaar Properties gets $1.5bn loan from First Abu Dhabi Bank
RELATED ARTICLES: Emaar launches 17 Icon Bay tower in Dubai Creek Harbour | Emaar Hospitality to build 12th Dubai Address hotel project Dubai-based Emaar Properties has obtained a $1.5bn corporate finance loan from First Abu Dhabi Bank, sources confirmed …
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Abu Dhabi targets IPOs worth $5 billion ahead of Saudi Aramco
DUBAI/ABU DHABI (Reuters) – Abu Dhabi is hoping to fast-track at least $5 billion (3.7 billion pounds) of stock market listings by state-backed companies next year before Saudi Aramco’s planned $100 billion IPO dominates investor demand. Like …
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Dubai just commissioned a new 700-megawatt extension for its mega solar park
The giant solar park will contribute to Dubai’s clean energy goal of having renewable energy make up 75 percent of its total power output by 2050. Mohammed bin Rashid Al Maktoum Solar Park, a giant single site solar park in Dubai, United Arab Emirates, is …
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Mof Receives a Delegation From the Ministry of Finance of the Kingdom of Saudi Arabia
In a bid to strengthen its relations with regional and global entities, the UAE Ministry of Finance (MoF) received today a delegation from the Ministry of Finance of the Kingdom of Saudi Arabia (KSA) in its premises in Dubai. The meeting aimed to exchange …
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UAE Ministry of Finance Receives a Delegation From Saudi Arabia
In a bid to strengthen its relations with regional and global entities, the UAE Ministry of Finance (MoF) received today a delegation from the Ministry of Finance of the Kingdom of Saudi Arabia (KSA) in its premises in Dubai. The meeting aimed to exchange …
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UAE launches Gender Balance Guide for workplace
vice-president of the UAE Gender Balance Council, told Gulf News. Gender balance progress will be measured through a number of national indicators, including two key performance indicators (KPIs) outlined in the UAE Vision 2021 – the Social Cohesion …
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Japan appoints defence attache in UAE for first time
Abu Dhabi: Japan has appointed a defence attache at its embassy in Abu Dhabi for the first time, reflecting growing defence ties with the UAE, a top Japanese diplomat said on Monday. Kanji Fujiki, Japanese Ambassador to the UAE, formally announced the …
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Most UAE consumers confident about personal finances, business conditions
Dubai: With the economic climate looking better, most UAE residents are now upbeat about the state of their personal finances and the availability of jobs. New research shows nearly seven in ten (63 per cent) people in the UAE are confident that their …
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Electronic IPO Services Highlighted at ADX
Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, recently held a conference with ten of the UAE’s top banking institutions to discuss plans for its new electronic Initial Public Offering (IPO) services. The new service will …
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