GULF TIME LIDE Emirates, in collaboration with the Dubai Tourism Department, held the impactful LIDE Tourism Seminar. The event brought together prominent leaders and representatives from the tourism sector of both Brazil and the United Arab Emirates (UAE), aiming to discuss the vital role of tourism as a driver of economic development and explore synergies between the two countries. The ...

ABU DHABI/WAM Adnoc on Tuesday announced the completion of its acquisition of OCI Global’s 50 percent + 1 shareholding in Fertiglobe plc, increasing its share in the company to 86.2 percent, with 13.8 percent remaining in free float on the Abu Dhabi Securities Exchange (ADX). Fertiglobe is the world’s largest seaborne exporter of urea and ammonia combined, exporting to 53 ...

DUBAI/WAM Presight, the region’s leading big data analytics company powered by Generative AI, has signed a memorandum of understanding (MoU) with Swiss AI AG (SwissAI), a Switzerland-based company pioneering the seamless integration of human intelligence and advanced AI for future-ready decision-making. This partnership, signed on the sidelines of GITEX Global 2024, will leverage SwissAI’s expertise in advanced AI, machine learning ...

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 ...