UAE’s International Holding Company (IHC) said on Thursday that its shareholders approved its $1.36bn (Dhs5bn) share buyback plan, which represents around 0.6 per cent of the conglomerate’s capital.
UAE stocks rally as IHC and Emaar lead liquidity surge
Over 316 million shares changed hands in more than 22,500 deals Trading in local stock markets drew over AED1.6 billion in liquidity as markets closed on June 20, with International Holding Company …
UAE climbs rankings to second largest recipient of greenfield investment projects
The World Investment Report 2024, published today, shows the UAE received 1,323 greenfield investment projects last year, an increase of 33% compared to 2022 …
Dubai Police Seizes Over 4000 Scooters, Bicycles In First Half Of 2024
Dubai: In order to make the roads safe and raise traffic awareness among people, Dubai Traffic Police are conducting a massive operation in the city. Major General Abdullah Ali Al Ghaithi, the deputy …
Abu Dhabi Expands Crypto Embrace as Nomura’s Laser Digital Lands License
Nomura, a leading Japanese investment bank, has scored another win in its cryptocurrency ambitions after its digital asset unit, Laser Digital, secured a license from Abu Dhabi. This regulatory …
Al-Muhairi welcomes returning pilgrims to Sharjah Airport
Sharjah24: The Sharjah Red Crescent Centre’s event supervisor, Amina Ali Obaid Al-Muhairi, has been thrilled to be at Sharjah International Airport to welcome the pilgrims returning from Holy Land.
Sharjah Airport begins receiving Hajj pilgrims
In a celebratory atmosphere, Sharjah Airport has begun receiving the first batches of pilgrims returning to the UAE after performing the Hajj rituals in Saudi Arabia. The airport employees are working …
UAE takes second place globally in new FDI projects at 1,323 in 2023
GENEVA, 20th June, 2024 (WAM) – The UAE took the second place after the United States in greenfield FDI project announcements in 2023 at 1,323, an increase of 33 percent compared with 2022, according …
Abu Dhabi’s Biggest Fund Hires Ex-JD Executive in China
Abu Dhabi’s biggest wealth fund hired the finance chief of a JD.com Inc. unit to help oversee its investments in China, at a time the United Arab Emirates is increasing its bets on emerging markets.
UAE flights: Abu Dhabi’s Etihad Airways announces launch of 8 routes this month
In a massive boost to its network schedule, Etihad Airways, the national airline of the UAE, is celebrating the launch of flights to eight destinations this June, taking the total number of operating routes this summer to 76. Antonoaldo Neves, Chief …
UAE to showcase Emirati culture at Morocco’s Tan-Tan Moussem
The Abu Dhabi Heritage Authority is set to participate in the Tan-Tan Cultural Festival, taking place in the southern region of the Kingdom of Morocco from June 26 to 30.
Vallourec inks two-year extension contract with the National Oil Company of Abu Dhabi
Vallourec (VLOWY) has signed with the National Oil Company of Abu Dhabi a two-year extension to the 2019 contract, originally worth $900M. The company will continue to supply the complete …
Fatima bint Mubarak receives UAE female ambassadors abroad
Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF), received a group of UAE female ambassadors abroad.
UAE: Update Google Chrome to protect against attack, data theft, says authority
Vulnerabilities could be exploited by attackers, potentially leading to malware installation or other malicious activities, it said
War on Gaza: Egyptian exports to Israel double in 2024, UAE and Jordan exports also surge
Meanwhile, exports from the United Arab Emirates (UAE) to Israel also increased to $242m in May 2024, compared to $238.5m in May 2023, the report said. Jordanian exports to Israel also continued to …
UAE to stay magnet for global millionaires third year in a row
The United Arab Emirates (UAE) is poised to stay as the world’s leading wealth magnet for the third year running, with a record-breaking 6,700 millionaires expected to make the country home by the end …
Dubai Police confiscate 4,474 scooters and bicycles in 2024
Dubai Police confiscated more than 4,450 scooters and bicycles in the first half of 2024, according to official statistics.