Dubai-Mozambique Business Forum highlights investment opportunities emerging in Mozambique
UAE companies and their Mozambican counterparts took part in more than 100 bilateral meetings during the Dubai-Mozambique Business Forum, which was recently organised by Dubai Chamber of Commerce in collaboration with the Mozambican Industrial Association (AIMO) and the Federation for the Improvement of the Business Environment in Mozambique (FAN). The forum, hosted at Dubai Chamber […]
Abu Dhabi stock exchange seeks more private sector listings
he Abu Dhabi Securities Exchange (ADX) has rebranded its “Second Market” as “Growth Market” to attract more private sector listings. The rebranding of the platform, which has a market capitalisation of 62 billion dirhams ($16.8 billion), follows the unveiling of a new brand and logo for the local bourse last year. The Growth Market offers […]
Besix pioneers flagship green energy project for Ajman
Leading infrastructure major Besix has announced that its flagship sludge-to-energy project in the nothern emirate of Ajman has successfully passed performance and reliability tests. A first-of-its-kind facility in the UAE, it complies with all European safety regulations for biogas plants. Designed and built by Besix Middle East for Ajman Sewerage (Private) Company Limited (ASPCL), the […]
Fitch Ratings affirms RAKBANK’s ‘BBB+’ rating; outlook stable
Fitch Ratings has affirmed the long-term issuer default rating (IDR) of the National Bank of Ras Al Khaimah (RAKBANK) at ‘BBB+’, with a stable outlook. Affirming the bank’s rating reflects low default risk and adequate capacity for payment of financial commitments, according to a bourse filing on Thursday. It is noteworthy to mention that in […]
Dubai’s Emirates airline to launch NFTs for travellers, staff
Dubai’s long-haul operator Emirates airline is set to enter the world of virtual assets, as it announced plans to launch non-fungible tokens (NFTs) for its customers and employees. In a statement on Thursday, the carrier said it plans to build signature brand experiences in the metaverse, alongside both collectible and utility-based NFTs. The initiative is […]