Abu Dhabi’s ADNOC invites banks to pitch for gas business IPO -sources

    Abu Dhabi National Oil Company (ADNOC) has invited investment banks to pitch for roles in the initial public offering (IPO) of its gas business next year, two sources familiar with the matter told Reuters. Bankers familiar with the matter said a request was sent to a select number of banks last week for […]

Bank of China lists $300mln bonds on Nasdaq Dubai

   Bank of China, one of China’s top four state-owned banks, has listed $300 million bonds on Nasdaq Dubai, the United Arab Emirates’ state news agency WAM said on Tuesday. The bank issued the bonds, maturing in 2025, through its Dubai branch at a yield of 4.84%. The bonds, which have a coupon of 4.75%, […]

Dubai’s Emirates NBD announces leadership shake-up

Dubai’s top lender Emirates NBD has announced a shake-up of its senior management, as it positions itself to grow opportunities in wealth, mergers and acquisitions, and venture capital. Marwan Hadi, who is head of retail banking, takes over as group head of retail banking and wealth management from Suvo Sarkar, who will retire after a […]

DP World celebrates its latest milestone with 100,000th employee

  DP World celebrated its latest milestone this week, passing 100,000 employees globally, as the company continues its journey from a Dubai-based port operator to a truly global, end-to-end logistics provider. Fatima Alburaimi, a 28-year-old Emirati national was welcomed as the company’s 100,000th employee. She joins DT World, a trade solutions service developed by DP […]

The Jewels of Emirates kicks off at Expo Khorfakkan for the first time

The Jewels of Emirates exhibition kicked off Thursday in the city of Khorfakkan. The event is organized by the Expo Khorfakkan for the first time with the support of the Sharjah Chamber of Commerce and Industry (SCCI) and under the supervision of Expo Centre Sharjah(ECS). A host of eminent Emirati companies and designers shine brightly […]

Abu Dhabi Chamber signs three MoUs to drive economic growth

As part of its participation in the first edition of Abu Dhabi International Food Exhibition (ADIFE), the Abu Dhabi Chamber of Commerce and Industry (ADCCI) signed three Memoranda of Understanding (MoUs) with local and regional parties, including the Emirates Development Bank, Abu Dhabi Agriculture and Food Safety Authority (ADAFSA), and Arab Authority for Agricultural Investment […]

India-UAE ranks 10th most popular route globally for holiday season travel

The UAE has become a very popular global destination among travellers, especially from India, during this festive season, said a new survey.   According to analytics released by Sabre Corporation, the largest global distribution systems provider for air bookings in North America, India to UAE is the 10th busiest corridor globally for bookings during the […]

Up in the air: Abu Dhabi-listed Easy Lease plans for drone delivery service

Abu Dhabi has moved a step closer to having delivery drones buzzing across its skies: Motorcycle-leasing company Easy Lease has teamed up with drone technology company SkyGo to provide package-delivery services. The company said in a statement to the Abu Dhabi Securities Exchange (ADX) that it has signed an MoU with SkyGo, which is the […]

ADNOC accelerates delivery of low carbon growth strategy to continue responsibly meeting global energy needs

 Abu Dhabi National Oil Company (ADNOC) is accelerating operationalisation of its board mandated low carbon growth strategy, by establishing a new Low Carbon Solutions and International Growth vertical that will focus on renewable energy, clean hydrogen and carbon capture and storage, as well as international expansion in gas, liquefied natural gas (LNG) and chemicals. Musabbeh […]

Emirates launches third daily A380 service to Gatwick

Emirates has ramped up its operations to Gatwick Airport with the addition of a third daily A380 flight, continuing to scale up its UK operations to meet sustained demand ahead of the holiday rush. The additional frequency will offer enhanced capacity with more than 1,000 seats to/from Gatwick to Dubai, every day. Emirates flight EK11 […]