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The net proceeds from this issuance will be utilized by ADNOC Group for general corporate purposes.
The report stated that high interest rates kept profit margins at 2.7 percent, with strong bank profitability in H1
The event will address economic challenges through collaborative investment strategies
Investment memorandum follows a $2 billion agreement that the UAE and Jordan signed in 2023
Project to meet the demand for potable water for 1.4 million people
Loutraki International is investing in Dubai’s real estate market through the Santorini Residences project
Traders are on the lookout for the ADP employment report and jobless claims data due later in the day
The partnership is formed amidst a booming UAE air conditioning market worth over $650 million, driven by real estate growth
As many as 151 canal-front and canal-accessible villas will be available to buyers from September 13, 2024
MOHRE has steps to follow depending on whether the individual has a work permit or not, and whether he/she wants to change their employer
Madagascar is home to some of the world’s rarest plant and animal species
ADNOC will acquire a 35 per cent equity stake in the facility that will be capable of producing up to 1 billion cubic feet daily of low-carbon hydrogen
Western European countries topped the list of tourists to Dubai, with about 2.086 million visitors
The day highlights the importance of supporting public services in health, education, and housing and assisting communities in need
By the end of May, these banks had elevated their equity investments to AED16.1 billion
In July 2024, Masdar successfully raised $1 billion through its green bond issuance under its Green Finance Framework
The authority launched 200 new temporary parking slots and a 500-meter roadway
Apartment sales across Dubai’s real estate market rose 37.6 percent annually to 12,268 with a value of AED23.5 billion
Since the IPO announcement, NMDC Group’s shares on ADX rose over 9 percent to their highest level since March
Arabian Gulf deployment to include key locations such as Sir Bani Yas, Abu Dhabi, Dubai, Muscat, Khasab and Doha
Cabinet also approved hosting the UAE Government Annual Meetings 2024 on November 5 and 6 in Abu Dhabi
Other notable agreements included collaboration in communications and information technology
Acquisition expands TAQA’s portfolio and strengthens its capabilities to deliver water treatment solutions
This new route will benefit business and leisure travelers, boosting tourism and trade between the two countries
