The plan will develop financial policies to promote economic growth, create a competitive business environment and strengthen international economic relations Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, has...

The rights issue was oversubscribed 7.4 times, with a total demand of Dhs4.1bn Ajman Bank’s Dhs550m rights issue has been received very well, attracting many international investment banks and local investors. The rights issue was oversubscribed 7.4 times, with a total demand of...

This bond is the first part of a programme to raise up to $3bn to meet Masdar’s equity funding commitments on new renewable energy projects Abu Dhabi Future Energy Company – Masdar marked the successful completion of its first green bond issuance for $750m 10-year senior unsecured...

Brent crude oil prices, which are used for gas pricing, decreased by nearly 31 per cent during the period under review UAE’s ADNOC Gas said its half-year income plunged by 12 per cent year-on-year (YoY) to $2.3bn (Dhs8.4bn) from $2.6bn a year ago due to lower pricing. The company...

Dubai has announced the opening of a branch of the famous London golf club for adults. Dubai has announced the opening of a branch of the famous London Swingers Crazy Golf club with the concept of "adults only" – it is scheduled for 2024 on Bluewaters Island. Crazy Golf is a...

The healthcare services provider’s H1 revenues surged by 13.9 per cent year-on-year to Dhs2.2bn, driven by an increase in patient footfall Abu Dhabi-based hospital operator Burjeel Holdings has reported a 47 per cent increase in half-year net profit to $61.3m (Dhs225m), driven by...

The first gas from Absheron was successfully delivered in early July 2023 Abu Dhabi National Oil Company (ADNOC), the State Oil Company of Azerbaijan (SOCAR) and TotalEnergies have announced a strategic transaction that will see ADNOC acquire a 30 per cent equity stake in the Absheron...

The conglomerate said its revenues surged by 30.8 per cent year-on-year to Dhs28.7bn as the company sustains its growth trajectory Abu Dhabi-based International Holding Company (IHC) said its half-year net profit rose to $2.8bn (Dhs10.4bn) accompanied by a net profit margin of 36.3 per...

The proposed transaction would create one of the largest real estate, hospitality, events and catering platforms in the region Abu Dhabi’s ADQ and IHC Capital Holding have submitted an offer to Q Holding to combine ADQ’s 100 per cent shareholding of Abu Dhabi National Exhibitions...

The government reportedly plans to sell shares in the taxi business as soon as this year, while the parking unit’s listing is slated to follow next year Dubai’s Roads & Transport Authority (RTA) has selected Citigroup, Bank of America and Emirates NBD Capital to work on the planned...