Dubai Mashreq Bank shareholders approve $1bln bond issuance

Shareholders of Dubai-based Mashreq Bank have approved a special resolution for the issuance of conventional bonds for up to $1 billion. The proceeds of the bonds will be used for regulatory capital purposes and to strengthen the group’s capital adequacy ratio, the bank said in a filing on the Dubai Financial Market (DFM) on Thursday. […]

Emirates Global Aluminium to supply solar aluminium to major parts maker HAI

Emirates Global Aluminium, the largest industrial company in the UAE and the world’s biggest ‘premium aluminium’ producer, has signed an agreement to supply CelestiAL solar aluminium to Mercedes-Benz parts maker Hammerer Aluminum Industries (HAI). The agreement will see EGA’s CelestiAL metal return to the UAE, as well as being distributed all over the world. EGA […]

Abu Dhabi Police muster $30.22mln from largest charity auction

Supporting the 1 Billion Meals initiative on Zayed Humanitarian Day, Abu Dhabi Police have mustered AED111 million ($30.22 million) at the second in-person Most Noble Numbers charity auction. The auction were held for special vehicle plate numbers and mobile numbers and the two-day 555 online charity auction. The proceeds from the charity auction series will […]