ADNOC Distribution board approves $350m interim dividend
ADNOC Distribution’s board of directors has approved an interim dividend of $350m (Dhs1.3bn) for the first six months of 2023, equivalent to 10.3 fils per share. The interim dividend represents […]
UAE’s Hardington Residential inks exclusive contract with Barratt London
UAE-based Hardington Residential has signed an exclusive contract with Barratt London, part of the UK’s largest housebuilder Barratt Group, in order to market the company’s latest London developments to MENA […]
ADGM’s FSRA grants financial services permission to crypto exchange Rain
Cryptocurrency exchange platform Rain has been granted Financial Services Permission (FSP) by Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA) in order to operate a regulated virtual assets […]
UAE allots $100m to support countries affected by ‘irregular migration’
The UAE has allocated $100m (Dhs367m) to support development projects in countries affected by irregular immigration, including backing initiatives proposed in the Rome Process. The announcement was made by UAE’s […]
Sorbonne University Abu Dhabi launches Research Institute
Sorbonne University Abu Dhabi announced the official launch of its Research Institute, a pioneering initiative aimed at formalising and structuring research activities while fostering collaboration and attracting international researchers. The […]
DXB to top 252,000 daily passengers this fortnight
Dubai International (DXB) will welcome an estimated 3.5 million guests through its doors between June 20 and July 3, with average total daily traffic reaching 252,000, according to a new […]
ADIB to provide instant account opening for SMEs
Abu Dhabi Islamic Bank (ADIB) has become the first bank in the UAE to provide small and medium-sized enterprises (SMEs) with convenient remote account opening services through a mobile app […]
Abu Dhabi Global Market continues epic journey as fastest-growing IFC in region
Abu Dhabi Global Market (ADGM) is continuing to reinforce its position as a global hub for businesses looking to expand their operations in the region. ADGM’s rapid progress and achievements […]
Consortium plans to develop $5bln UAE-Oman-India undersea pipeline
South Asia Gas Enterprise (SAGE), a consortium of companies in deepwater pipeline projects, is planning a $5 billion undersea liquefied natural gas (LNG) pipeline from the Gulf to India. The […]
ADIB Egypt reports 125.4% YoY climb in Q1 consolidated profits
Abu Dhabi Islamic Bank Egypt (ADIB) reported a 125.4% year-on-year (YoY) increase in consolidated profits after tax and non-controlling interests for the first quarter (Q1) of 2023, according to the […]
