4 IPOs in 30 days. Growing momentum for IPOs in the UAE

4 IPOs in 30 days.  Growing momentum for IPOs in the UAE

Dubai: Anwar Daoud The markets of the United Arab Emirates are witnessing a strong boom in the public offering market, especially with the launch of the Emirates Corporation for Central Cooling Systems “Empower”, “Taaleem Holding” and “Americana for Restaurants” in November 2022 and the end of the launch of “Baanat AI” last October, This means … Read more

4 IPOs in 30 days. Growing momentum for IPOs in the UAE

4 IPOs in 30 days.  Growing momentum for IPOs in the UAE

Dubai: Anwar Daoud The markets of the United Arab Emirates are witnessing a strong boom in the public offering market, especially with the launch of the Emirates Corporation for Central Cooling Systems “Empower”, “Taaleem Holding” and “Americana for Restaurants” in November 2022 and the end of the launch of “Baanat AI” last October, This means … Read more

The Abu Dhabi market rises to the highest level in its history

The Abu Dhabi market rises to the highest level in its history

Abu Dhabi (WAM) The local stock markets consolidated their gains at the close of trade on Monday, with its market capitalization rising by almost 40 billion dirhams, while the Abu Dhabi market rose to the highest level in its history amid remarkable activity with optimism dominating the mood of support from listed companies and banks … Read more

45.5 billion dirhams gains on local stock markets

45.5 billion dirhams gains on local stock markets

Yousef Al Bustanji (Abu Dhabi) The total market capitalization of the companies listed on the UAE’s capital markets rose by 45.5 billion dirhams yesterday to exceed 3.1 trillion dirhams for the first time in history, amid a wave of gains supported by high liquidity flowing into the two markets and amounted to 2.45 billion dirhams, … Read more

45.5 billion dirhams gains on local stock markets

45.5 billion dirhams gains on local stock markets

Yousef Al Bustanji (Abu Dhabi) The total market capitalization of the companies listed on the UAE’s capital markets rose by 45.5 billion dirhams yesterday to exceed 3.1 trillion dirhams for the first time in history, amid a wave of gains supported by high liquidity flowing into the two markets and amounted to 2.45 billion dirhams, … Read more

“Municipalities and Transport” reviews the real estate sector’s development and projects

“Municipalities and Transport” reviews the real estate sector’s development and projects

Abu Dhabi (WAM) The Department of Municipalities and Transport in Abu Dhabi yesterday organized a forum for developers and real estate companies operating in the Emirate of Abu Dhabi in the emirate. The forum provides a platform for real estate parties in the public and private sectors to communicate; With the aim of reviewing the … Read more

White House adviser says Biden team not opposed to oil company profits

White House adviser says Biden team not opposed to oil company profits

ABU DHABI, United Arab Emirates – President Joe Biden is making no secret of his frustration with high gas prices and the oil companies making record profits as a result. With the support of Democratic allies in Congress, he is threatening to levy windfall taxes on energy companies, a prospect that has drawn pushback from … Read more

US and UAE sign strategic partnership agreement to spur $100 billion in clean energy investment

US and UAE sign strategic partnership agreement to spur $100 billion in clean energy investment

Solar panels are set up at the Solar Farm at the University of California, Merced, in Merced, California, on August 17, 2022. Nathan Frandino | Reuters ABU DHABI, United Arab Emirates – The United States and the United Arab Emirates announced on Tuesday the signing of a strategic partnership that will see $100 billion mobilized … Read more

Oil giant Saudi Aramco’s quarterly profit rises 39% on higher prices

Oil giant Saudi Aramco’s quarterly profit rises 39% on higher prices

ABU DHABI, United Arab Emirates – State oil giant Saudi Aramco reported a 39% rise in third-quarter net income year-on-year on the back of higher crude oil prices and tight global supply. Net income rose to $42.4 billion for the quarter, up from $30.4 billion a year earlier and just above expectations. The Saudi company … Read more