Dubai Salik board proposes $133.7mln dividend
Dubai road toll operator Salik, which listed its shares on the Dubai Financial Market (DFM) last year, posted a net profit of UAE Dirhams 529 million ($144 million) for […]
UAE’s Jaber urges Big Oil to join fight against climate change
A top oil executive from the United Arab Emirates on Monday urged the energy industry to join the fight against climate change, borrowing a famous line from a U.S. […]
Abu Dhabi’s ADNOC Drilling board recommends $341.25mln dividend
The board of directors of ADNOC Drilling is recommending a final dividend payment of $341.25 million for 2022 after the company posted “exceptional” 2022 financial results and beat market expectations. […]
Egypt mulls cooperation with AD Ports to develop logistics areas, ports
Abu Dhabi Ports Group (AD Ports Group) is looking forward to boosting cooperation with Egypt, particularly in the development of logistics areas and ports, according to a statement by the […]
Abu Dhabi’s Presight AI to raise over $495mln in IPO
Abu Dhabi-based G42 Group, an artificial intelligence (AI) and cloud computing technology company, is selling a 32% stake or 1.35 billion shares in its subsidiary, Presight AI, in an initial […]
$54.49mln manufacturing facility announced at Dubai Industrial City
Silver Line Gate Group (SLG) is constructing a new manufacturing, warehouse and corporate offices facility, spanning 1.37 million sq. ft., at Dubai Industrial City, a member of TECOM Group. The […]