News

Spinneys sets IPO price range at AED1.42-1.53 per share

DUBAI / WAM Spinneys announced the price range for the sale of its shares and the start of the subscription period for its initial public offering (IPO) on the Dubai Financial Market (DFM). The offer price range has been set between AED1.42 and AED1.53 per Share, implying a market capitalisation at the time of listing of between c. AED5.11 billion ...

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UAE President receives Australian Minister for Defence, Albanian Minister of Interior

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received His Excellency Richard Marles, Deputy Prime Minister and Minister for Defence of Australia. During the meeting, which took place at Qasr Al Bahr in Abu Dhabi, His Highness and the Australian Minister for Defence discussed areas of cooperation between the two countries and opportunities to develop ...

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Etihad Airways launches Airbus A380 to New York

ABU DHABI / WAM Etihad Airways flight EY1 from Abu Dhabi to New York arrived at John F Kennedy International Airport on April 22, heralding the start of the airline’s A380 double-decker service featuring The Residence, the legendary, sumptuous three-room suite in the sky. Antonoaldo Neves, CEO of Etihad Airways, said, “We’re thrilled to introduce our A380 experience to New ...

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Dubai Airports back to normal operations

DUBAI / WAM After the heaviest rainfall the UAE experienced in 75 years Dubai Airports is making remarkable strides in restoring and normalising operations at Dubai International Airport (DXB). Paul Griffiths, CEO of Dubai Airports, said that since, ahead of its recovery schedule, DXB has returned to its normal flight schedule and is back to operating around 1,400 flight movements ...

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Saudi Arabia to host WEF Special Meeting on April 28

RIYADH/ WAM Saudi Arabia will host the World Economic Forum (WEF) Special Meeting on Global Collaboration, Growth, and Energy for Development on April 28-29, reported the Saudi Press Agency (SPA). At the two-day Special Meeting, Riyadh will convene more than 1,000 global leaders, including heads of state, government, and thought leaders from across the public and private sectors, as well ...

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COP28 Presidency advances climate finance agenda at WBG-IMF meetings

WASHINGTON / WAM The COP28 Presidency co-hosted a high-level finance roundtable on the sidelines of the annual Spring Meetings of the World Bank Group (WBG) and International Monetary Fund (IMF) , focused on advancing the climate finance agenda on the road to COP29 and beyond. Organised by COP28, the Independent High Level Expert Group (IHLEG), the Global Climate Finance Centre ...

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Sultan of Oman departs UAE upon conclusion of state visit

ABU DHABI / WAM His Majesty Sultan Haitham bin Tariq, Sultan of Oman, has departed the UAE upon the conclusion of his state visit to the country. UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan accompanied His Majesty to the Presidential Airport in Abu Dhabi to bid him farewell. Also present were His Highness Sheikh Mansour bin Zayed ...

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