DUBAI/WAM Dubai Aerospace Enterprise (DAE) Ltd on Monday announced that it had recently signed an agreement to acquire 10 aircraft for an aggregate consideration of approximately $0.5 billion. The aircraft portfolio is comprised 100 percent of narrow-body, next-generation aircraft on lease to 4 airlines in 4 countries. In addition, DAE has initiated and managed the purchase and sale of equity ...

ABU DHABI/WAM The Anwar Gargash Diplomatic Academy (AGDA), the UAE’s leading diplomatic training centre, in partnership with the Emirates Centre for Strategic Studies and Research (ECSSR), has launched the UAE – Africa Dialogue. This initiative brings together experts, scholars, diplomats, legislators and policymakers to discuss avenues to enhance the relations between Sub-Saharan African countries and the Gulf region, with a ...

ABU DHABI/GULF TIME Beach Rotana, located in the heart of the UAE capital, also right next to Abu Dhabi Mall, is the ultimate beach staycation with plenty of in-room amenities, a private beach, relaxation gateways, and dining options. The property exudes the warmth of traditional Arabian hospitality, particularly inside the lobby area. With 413 rooms, suites and serviced apartments — ...

ABU DHABI/WAM The Abu Dhabi Securities Exchange (ADX) saw today 44 large direct deals executed on the stock of Fertiglobe. According to market data, the trade was executed on 4.15 billion shares with a value of AED13.28 billion at an execution price of AED3.2 per share. Large direct transactions are deals executed outside the order book and do not affect ...

ABU DHABI/WAM Abu Dhabi Securities Exchange (ADX) announced on Monday that the name of “Bayanat AI PLC” will be officially changed to “Space42 PLC”, following its merger with Al Yah Satellite Communications Company PJSC, set to commence on 1st October, 2024. In a circular issued on Monday, ADX said that trading of the new shares of Bayanat AI PLC (resulting ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) has received the award for Best Islamic Stock Exchange 2024 by the Global Islamic Finance Awards (GIFA). The GIFA award committee recognised ADX for its efforts and contributions to the Islamic finance sector. In its evaluation, the committee considered several key factors, including the market capitalisation of Sharia-compliant financial instruments listed ...

ABU DHABI/WAM The Abu Dhabi Securities Exchange (ADX) saw on Friday a large direct deal executed on the stocks of International Holding Company (IHC). According to market data, the trade was executed on 10.7 million shares with a value over AED4.38 billion at an execution price of AED409.3 per share. Large Direct transactions are deals executed outside the order book ...

ABU DHABI/WAM NMDC Energy PJSC, a provider of engineering, procurement and construction services for offshore and onshore energy clients, and a majority-owned subsidiary of NMDC Group PJSC, today began trading on the Abu Dhabi Securities Exchange (ADX) following an Initial Public Offering (IPO) that was oversubscribed by 31.3 times. Mohamed Hamad Ghanem Hamad Almehairi, Chairman of NMDC Energy, led the ...