ABU DHABI/WAM The Federal National Council (FNC) on Wednesday adopted a set of recommendations during the discussion of the government’s policy regarding artificial intelligence (AI). The 3rd meeting of the second ordinary session of the 18th legislative chapter of the Federal National Council (FNC) was chaired by its Speaker Saqr Gobash. Omar bin Sultan Al Olama, Minister of State for ...

ABU DHABI/WAM Adnoc Gas plc announced on Wednesday that Worley Engineering Pty Ltd has been awarded the Front-End Engineering and Design (FEED) contract for new gas processing facilities at Bab Gas Cap (BGC). The new facilities would boost Adnoc Gas’ current processing capacity by 20% or over 1.8 billion standard cubic feet per day (scfd) with a Final Investment Decision ...

DUBAI / GULF TIME His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, took to social media platform X, and praised the performance of Lieutenant General Mohammed Ahmed Al Marri, Director General of GDRFA Dubai, in a post on Wednesday. His Highness Sheikh Mohammed said, “Over the past 30 ...

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 ...

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 ...