ABU DHABI: Abu Dhabi National Oil Company (ADNOC), today announced that, as Selling Shareholder, it has exercised its right set out in the UAE Prospectus to increase the number of ordinary shares …
UAE: Adnoc Logistics and Services IPO size hiked after demand
The local and regional IPO activity has been very strong, especially in the UAE and Saudi Arabia. According to EY’s first-quarter global IPO market, Abu Dhabi accounted for 14 per cent of the global …
Want to pay your Dubai traffic fines in installments? Here’s how you link it to your bank account
with violations owed to Dubai Police, to pay interest-free installments for a period of three, six or 12 months. These payments can be made through credit cards issued by the following banks: • …
Adnoc L&S IPO: Company increases number of shares on offer for retail investors
Adnoc Logistics & Services, an Adnoc subsidiary, has increased the number of shares allocated to retail investors in its initial public offering due to “significant investor demand”. The retail …
ADNOC Logistics & Services IPO stake size raised to 19%
Abu Dhabi National Oil Co is offering a larger stake in its marine and logistics unit in an initial public offering after attracting significant investor demand, it said on Monday. ADNOC will now …
How can I buy an IPO in the UAE? You will first need to apply for this number
Picture used for illustrative purpses. Image Credit: Shutterstock Dubai: The Adnoc Logistics and Services initial public offering (IPO) sold out in minutes when it opened its listing on Tuesday …
UAE Banks Federation confirms 100% spike in use of digital banking channels
According to a survey conducted by UAE Banks Federation, the county ranked second globally in terms of customer confidence in banks at 84 per cent in 2022 …
Maktoum bin Mohammed attends signing of MoU between Dubai Chambers and DIFC Family Wealth Centre
First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of the Dubai International Financial Centre (DIFC), attended the signing of a Memorandum of Understanding (MoU) …
Sheikh Maktoum attends signing of MoU between Dubai Chambers, DIFC family business and wealth centres
First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of the Dubai International Financial Centre (DIFC), attended the signing of a Memorandum of …
UAE’s Aldar to issue 10-year $500mln green sukuk Wednesday – document
DUBAI – Aldar Investment Properties … The company held investor calls on Tuesday ahead of a potential issue, the proceeds of which will be used to finance or invest in eligible projects under its …
US and UAE among countries pledging $275m for Romanian nuclear project
The US and its partners, including the UAE, have pledged to provide $275 million for a small modular reactor (SMR) nuclear project in Romania as part of efforts to support the transition to clean …
Dubai Named as The Best City Brand in the Middle East and Africa
According to a Brand Finance Report, Dubai has secured the top spot in the Middle East and Africa, ranking 9th worldwide regarding the best city brands.In its inaugural City Index report, Brand …
Ministry of Finance announces UAE Cabinet Decision on treatment of natural persons in business activities
The Ministry of Finance announced the issuance of UAE Cabinet Decision No. (49) of 2023 on the treatment of resident and non-resident individuals undertaking a business or business activity, for the …
Banking & Finance
The fund official also urged all parties to urgently resolve the matter …
UAE shareholders got some good dividends in April as IPO boom keeps giving
Newly listed DEWA, Salik come up with high dividend yields, while Emaar makes a return Dubai’s DFM is having a good time of it this year, with post-IPO stocks turning in higher numbers.
PM vows every possible support to UAE investors
Shehbaz Sharif on Friday assured that the government would extend every possible support to the investors from the United Arab Emirates (UAE). The PM, in a meeting with a delegation of UAE investors, …
UAE Banks Federation Confirms A 100% Increase In The Use Of Some Digital Banking Channels
UAE Banks Federation, the representative and unified voice of UAE banks, revealed that the rate of digital banking services use through a number of banking channels has risen over 100%, reflecting the …