News

  ABU DHABI / WAM Burjeel Holdings on Friday announced the offer price range and the opening of the subscription period for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). The opening of the subscription period for the Offering commences on September 30, and will continue until Tuesday October 4 for the first tranche (offering to ...

  Dubai / WAM The real estate sector in the emirate of Dubai continued to maintain a sustainable growth in the number and value of sales during the month of August, as it witnessed the registration of 9,720 real estate sales, worth AED24.34 billion. This came in Mo’asher, Dubai’s official sales price and rental performance index launched by Dubai Land ...

  Dubai / WAM Emirates SkyCargo and United Cargo signed a memorandum of understanding (MoU) that follows on the heels of the new broader historic commercial agreement between two of the largest global airlines. This coordination will deliver benefits to air freight customers of both Emirates Skycargo and United Cargo around the world. The MoU was signed at the World ...

  ABU DHABI / WAM A delegation from Abu Dhabi Fund for Development (ADFD) and its export-financing arm, the Abu Dhabi Exports Office (Adex), visited Abu Dhabi Ship Building (ADSB), an entity within Edge. The delegates held discussions with ADSB officials about promoting Emirati companies with ADFD’s support and raising the competitiveness of UAE products in global markets. Mohamed Saif ...

  Abu Dhabi / WAM Abu Dhabi Health Services Company (Seha) has been ranked in third place as one of the top performing governmental companies in the emirate of Abu Dhabi in achieving compliance with NCEMA 7000:2021 national standard (Business Continuity Management). Yousef Altheeb Al Ketbi, Group Chief Operations Officer of Seha, said, “Seha has truly proven itself to be ...

  Ras Al Khaimah / WAM Held under the patronage and presence of HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, the inaugural RAK Energy Summit will feature a host of top-level speakers from the energy sector in the UAE and internationally for discussions on the challenges and opportunities the world faces ...

  Dubai / WAM Nakheel on Friday announced the launch of a new selection of residences at Palm Beach Towers 3. Located on Palm Jumeirah and featuring over 300 units, the new residential tower features residences with 360-degree views, with a variety of nearby dining, leisure and recreational facilities. The Palm Beach Towers 3 includes a selection of 1, 2 ...

  Bloomberg German inflation reached double digits for the first time since the euro was introduced more than 20 years ago, surging more than anticipated after temporary government-relief measures ended and Europe’s energy crisis worsened. Consumer prices jumped 10.9% from a year ago in September, topping August’s 8.8% advance, the Federal Statistics Office said. That’s more than the 10.2% economists ...

  Bloomberg Applications for US unemployment insurance dropped unexpectedly to a five-month low, led by a sizable decline in Michigan, suggesting robust demand for workers amid economic uncertainty. Initial unemployment claims decreased by 16,000 to 193,000 in the week ended September 24, after downward revision in the prior week, Labour Department data showed. The median estimate in a Bloomberg survey ...

  Bloomberg Canadian economic activity remained weak through the summer and job vacancies fall, a clear sign growth has begun to sharply slow down. Gross domestic product was flat in August, preliminary data from Statistics Canada show, after gaining just 0.1% in July and June. Since April, growth has averaged just 0.1% on a monthly basis. In a separate report, ...