In collaboration with the Department of Municipalities and Transport (DMT), the Abu Dhabi Investment Office (ADIO) is inviting proposals for the design, build, maintenance and operation of a new “Al …
Adnoc Logistics Jumps 49% After $769 Million Abu Dhabi IPO
Adnoc Logistics & Services, the maritime logistics unit of Abu Dhabi’s main energy company, soared as much as 49% on its debut after its hugely oversubscribed $769 million initial public offering.
Abu Dhabi’s ADNOC Logistics & Services trades 44.8% over IPO price in debut
REUTERS/Toru Hanai DUBAI, June 1 (Reuters) – Shares in Abu Dhabi’s ADNOC Logistics & Services climbed 44.8% above their listing price on its market debut on Thursday, after raising $769 million in an …
Adnoc L&S share price surges on Abu Dhabi debut
Shares of Adnoc Logistics & Services surged as much as 51 per cent as the company made its debut on the Abu Dhabi Securities Exchange on Thursday. The shares, which started trading on the ADX under …
Crypto Exchange Gemini to Soon Operate in the UAE
(Reuters) – Gemini will “soon” start the process of buying a crypto license to operate in the United Arab Emirates, and the team has met stakeholders throughout the region to learn more about local …
THE FITOUT partners with Gurian to bring Italy’s finest luxury furniture to UAE
With similar business philosophies and strategies … of designs and furniture with exceptional Italian workmanship to the growing industry of the UAE and transform spaces with luxurious styling and …
Dubai launches new Palm Jebel Ali masterplan, to be twice the size of Palm Jumeirah
The new Palm Jebel Ali will see the development of 80 new hotels. Dubai launches new Palm Jebel Ali masterplan, to be twice the size of Palm Jumeirah. D33, Dubai Economic Agenda, Dubai masterplan, …
Emirates Development Bank unveils AED424m in financing deals at Make It in the Emirates Forum
In a strong show of support for local companies in the manufacturing sector, Emirates Development Bank (“EDB” or “the Bank”), the financial engine for UAE economic development and industrial …
UAE imposes Dh65.9 million fines on 137 firms for not following anti-money laundering rules
In the first quarter of 2023, the Ministry of Economy imposed fines worth Dh65.9 million on 137 companies operating in the UAE’s designated non-financial business or professions (DNFBP) sector, …
UAE announces over $1.6B in industrial projects including hydrogen plant
His defenders argue that he is well-placed to oversee the negotiations given that he also is chairman of UAE renewables company Masdar. Business and policy professionals use PRO to monitor the …
UAE’s Ministry of Economy slaps fines worth Dhs65.9m on 137 firms
It follows an inspection of 840 companies for failing to comply with the anti-money laundering and combating the financing of terrorism (AML/CFT) legislation.
Explainer: Understanding UAE’s first-ever corporate tax
Taxes are increasing across the Gulf, and the UAE is seeking to boost tax compliance as well as cut down on money laundering.
UAE says it has stopped taking part in U.S.-led Gulf maritime coalition
The United Arab Emirates said on Wednesday it was no longer taking part in operations by a U.S.-led task force protecting Gulf shipping, which has been subjected to renewed tanker seizures by Iranian …
EDB unveils $115m in major financing deals at Forum
Emirates Development Bank (EDB), the financial engine for UAE’s economic development and industrial advancement, has unveiled a comprehensive set of approvals for financing deals totalling AED424 …
Emirates Development Bank unveils AED 424mln in financing deals at Make It in the Emirates Forum
Specializing in aluminum extrusion, OSE Industries produces specialty products including extruded microchannel tubes, Financing provided by EDB supports an expansion project, which aims to increase …
David Adjaye’s New Interfaith Complex Welcomes All in Abu Dhabi
That was the challenge posed to Sir David Adjaye when designing the Abrahamic Family House, a new interfaith complex in Abu Dhabi’s Saadiyat Cultural District. Opened in March, the project unites …
Sharjah Chamber’s trade mission to India highlights investment opportunities available in Sharjah
UAE-India Business Forum Paves Way for Stronger Economic Ties and Promising Opportunities in Sharjah and New Del …