Recent News

Mohammed bin Rashid issues Decrees promoting members of Dubai judiciary

DUBAI/WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Decree No. (71) of 2024, and Decree No. (72) of 2024 promoting 96 members of the judiciary at Dubai Courts and the Public Prosecution. According to Decree No. (72), 24 judges were promoted to ...

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Al Raha Beach Hotel in Abu Dhabi: A perfect gateway to explore the UAE capital

ABU DHABI / GULF TIME Al Raha Beach Hotel, Abu Dhabi’s premier urban resort, invites travelers to relax and rejuvenate after exploring the city’s most iconic landmarks. Nestled along the golden shores of the Arabian Gulf, this luxurious 5-star resort is just 10 minutes to Abu Dhabi International Airport, 10 minutes to Yas Island and a 40-minute drive to Dubai, ...

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Adnoc Distribution launches ARIF, AI-powered investor relations chatbot

ABU DHABI/WAM Adnoc Distribution announced on Thursday the launch of ARIF, an advanced AI-powered chatbot dedicated to investor relations, during Abu Dhabi Finance Week. The tool demonstrates the company’s commitment to leveraging cutting-edge technology to enhance investor engagement and transparency. Meaning “knowing” or “informed” in Arabic, ARIF gives current and prospective Adnoc Distribution investors access to financial insights, performance updates, ...

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Stocks

Finstreet launches international securities market infrastructure

ABU DHABI/WAM Finstreet Limited, an IHC Group company through Rorix Holdings, has officially launched its subsidiaries that operate a first-of-its-kind international securities market infrastructure at Abu Dhabi Finance Week (ADFW). The launch follows the receipt of necessary licences from the Financial Services Regulatory Authority (FSRA) of ADGM, and also includes welcoming institutional investors to register from today to access this ...

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­­­Investment company Mair Group lists on Abu Dhabi Securities Exchange

ABU DHABI / WAM Mair Group, a strategic investment group focused on food retail and commercial real estate, is now listed on the Abu Dhabi Securities Exchange (ADX) under the trading symbol “MAIR”. Mair Group’s shares are available to institutional and individual investors reflecting the company’s commitment to market accessibility. The company’s shares commenced trading at a reference price of ...

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Lulu Retail’s IPO raises AED6.32b, offer price for share set at AED2.04

ABU DHABI / WAM Lulu Retail Holdings PLC on Wednesday announced the successful completion of the bookbuild and public subscription process for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). Lulu Retail confirms the final offer price for its ordinary shares has been set at AED2.04 per Share, pricing at the top of the previously announced ...

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ADX logs 44 large direct deals on Fertiglobe worth AED13.28 billion

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 ...

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Bayanat name changed to Space42: ADX

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 ...

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