State oil giant Abu Dhabi National Oil Co (ADNOC) on Friday set the final price for its initial public offering, valuing the company at about $50 billion after drawing record demand. It will become …
DIGIPOS Solution rises as a trusted partner of a local bank in UAE
Today, anyone running a brick-and-mortar business needs to be equipped to accept payments through covered /debit and credit …
UPDATE 2-UAE’s ADNOC prices gas business IPO near top of range
ADNOC Gas offer price set at 2.37 dirhams per share*ADNOC raises around $2.5 billion from IPO(Adds cornerstone investors in paragraph 6)ABU DHABI, March 3 (Reuters) – State oil giant Abu Dhabi …
UAE: Adnoc Gas Prices IPO At Dh2.37 Per Share
State oil giant Abu Dhabi National Oil Co (Adnoc) on Friday set the final price for the initial public offering of its gas unit, valuing the company …
AED245.867 bn saving deposits in UAE banks by end of December 2022
Saving deposits in the UAE banking system, excluding interbank deposits, increased to AED245.867 billion by the end of December 2022, a YoY growth of approximately AED4.00 billion, or 1.7 percent, …
Three Dubai returnees allege financial exploitation
Three women, who returned from UAE, alleged financial exploitation and mental torture at the hands of their employers on Friday.
UPDATE 7-Oil up 1% after denial of reported UAE plan to exit OPEC
Oil benchmarks on track for weekly gains * Report UAE may exit OPEC ‘far from the truth,’ source says * Chinese data, record U.S. exports support oil prices * Dollar falls; analysts see more weakness …
Dubai records AED11.5 billion in weekly real estate transactions
DUBAI, 3rd March, 2023 (WAM) –A total of 3,397 real estate and property transactions were conducted during the week ending on 3rd March 2023, valued at AED 11.5 billion, according to data released by …
ADNOC Gas IPO raises $2.5bn, attracts $124bn in demand
ADNOC Gas increased the number of ordinary shares offered in the IPO to 3.8 billion on Monday, implying market capitalisation of Dhs182bn …
UAE residents want to use company bonus for property, debts, education
Majority of employees in the UAE plan to utilise annual bonus for investments UAE residents want to use company bonus for property, debts, education bonus, UAE, UAE residents, YouGov Survey, Zurich In …
UAE ranks in top 10 of Global Soft Power Index for first time in history
The Gulf country, which was ranked 15 last year, rose to occupy the 10th slot this year UAE ranks in top 10 of Global Soft Power Index for first time in history Brand Finance, Global Soft Power Index, …
Emirates Financial Institute employs 1,200 UAE citizens in financial sector, supports emiratisation programme
Sheikh Mansour lauds the role of the Emirates Financial Institute in supporting and qualifying national cadres Emirates Financial Institute employs 1,200 UAE citizens in financial sector, supports …
UAE’s ADNOC Gas To Raise $2.5bn In World-leading IPO
The UAE’s state oil giant ADNOC said it will raise about $2.5 billion in a flotation of its gas business — the world’s biggest IPO this year — as it announced final pricing on Friday.
UAE’s ADNOC raises $2.5 billion for gas business in year’s biggest IPO
The state oil giant announced on Feb. 27 it would increase the stake offered to investors in the initial public offering (IPO) of ADNOC Gas to 5% from 4% due to strong demand for the deal.
UAE’s Reem Al Hashimy says climate finance ‘business as usual’ is not enough
Business as usual in climate finance is not enough, said Reem Al Hashimy, the UAE’s Minister of State for International Co-operation, on the second day of the Raisina Dialogue in New Delhi.“We have …
UAE’s ADNOC Gas sets final IPO price; market capitalisation at $50bln
The implied market capitalisation is $50 billion, the state oil giant said in a statement on Friday. It added that the bookbuilding process generated orders of over $124 billion from institutional and …
Adnoc Gas IPO: State energy company raises $2.5bn from oversubscribed offering
Adnoc raised about Dh9.1 billion ($2.5 billion) from the sale of a 5 per cent stake in its gas business through an initial public offering that was oversubscribed by local, regional and international …