News

SHARJAH/ WAM Bank of Sharjah priced a US$500 million senior unsecured bond in the international markets. The issuance received tremendous response from international investors, attracting orders that peaked at US$1.4 billion, or almost 3x oversubscription. The bonds have a tenor of five years from the date of issuance, with a coupon of 5.25% per annum. Following marketing activity that included ...

ABU DHABI/ WAM Mira Sultan Al Suwaidi, Member of the Federal National Council, has reaffirmed the UAE’s commitment to further strengthening its strategic bilateral relations with Singapore across various fields, particularly in light of the comprehensive partnership agreement signed between the two friendly nations. Al Suwaidi made these remarks during a meeting in Abu Dhabi with Kamal R Vaswani, Singapore’s ...

ABU DHABI/ WAM Abu Dhabi Securities Exchange (ADX) has announced the listing of NMDC Energy – P.J.S.C. shares, with effect from Wednesday, 11th September, in the “First Category”. The company’s share price shall be floated for three trading sessions starting from the listing date so that the price is not subject to the permitted daily rise and fall limits (15 ...

ABU DHABI/ WAM The market capitalisation of the 20 largest companies listed on the local stock exchanges by market value reached AED2.8 trillion by the end of this week, with further increases expected in line with the markets’ plans to double their market value to AED 6 trillion in the coming years. The 20 listed companies accounted for 77.6 per ...

ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, met with Muhannad Hadi, Deputy Special Coordinator and Resident Coordinator, Office of the United Nations Special Coordinator for the Middle East Peace Process (UNSCO). During the meeting, which was held in Abu Dhabi, Sheikh Abdullah and Hadi discussed the overall developments ...

ABU DHABI/WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, has chaired a meeting of the Ministerial Development Council held at Qasr Al Watan in Abu Dhabi. The Council reviewed and discussed several government projects and policies submitted by federal ministries and entities. The meeting’s agenda included discussions of ...

ASTANA / WAM Abu Dhabi Fund for Development (ADFD) participated in a roundtable meeting of the Arab Coordination Group (ACG) in Astana. Held at the invitation of the Government of the Republic of Kazakhstan, the meeting marked the first-ever formal engagement between the ACG and Kazakhstan. Key members of ACG include ADFD, the Islamic Development Bank (IsDB), Saudi Development Fund, ...

ABU DHABI/WAM Marking the International Day of Charity, the UAE continues to enhance its leading role in supporting humanitarian causes worldwide, with a particular focus on Operation Chivalrous Knight 3 in Gaza. The initiative, launched in response to the challenging conditions faced by residents of the Gaza Strip, epitomises the UAE’s spirit of giving, as it provides round-the-clock relief and ...

ABU DHABI / WAM Emirates Steel Arkan, the UAE’s largest publicly listed steel and building materials company, has rebranded as EMSTEEL as part of a broader strategy to accelerate its operational transformation and extend its global presence. The new brand identity and operating model were officially launched at an event in Abu Dhabi, attended by high-ranking dignitaries and over 400 ...

ABU DHABI / GULF TIME UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan said on Thursday the UAE has taken a significant step towards net zero as operations at Unit 4 of the Barakah Nuclear Energy Plant start. His Highness Sheikh Mohamed wrote on X, “With the start of operations at Unit 4 of the Barakah Nuclear Energy ...