News

MENA witnesses 48 IPOs raising $10.7 billion in 2023

ABU DHABI/ WAM The Middle East and North Africa (MENA) markets witnessed 48 initial public offerings (IPOs) in 2023, with total revenues amounting to US$10.7 billion in total. Five listings, mainly in the energy and logistics sectors, contributed 58 percent towards the total IPO proceeds raised. According to the Ernst & Young’s EY MENA IPO Eye Q4 2023 Report, 19 ...

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Added, HYCAP team up to build Industrial Complex in Abu Dhabi

ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added) and HYCAP Group, the net zero asset management company, have signed an agreement to develop the production, storage, and transport of green hydrogen, spearheading the transition to net zero in line with the UAE’s Net Zero 2050 Strategy and National Hydrogen Strategy. The Memorandum of Understanding between HYCAP ...

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UAE President, King of Jordan discuss bilateral relations, regional developments

AMMAN/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met today with His Majesty King Abdullah II bin Al Hussein of the Hashemite Kingdom of Jordan to review the longstanding ties between the two nations. The meeting, which took place at Basman Palace in Amman, explored new opportunities for collaboration aimed at supporting the development goals of ...

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Cultural Foundation – Abu Dhabi to host diverse 2024 programme

ABU DHABI /AD MEDIA OFFICE Cultural Foundation Abu Dhabi, a cultural centre by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), will host a diverse line-up of musical and theatrical performances as well as launch three new exhibitions as part of its 2024 season, including a major show that celebrates the work of pioneering Emirati artist ...

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AIM 2024 to promote startups in Abu Dhabi

ABU DHABI / WAM AIM (Annual Investment Meeting) Startups and Unicorns Track, an integral part of the 2024 AIM Congress, will host a vibrant agenda for the upcoming three-day conference, themed “Heading to the Future: 2024 the Bounce Back Year for Startups & Unicorns.” The conference is a testament to its commitment to fostering innovation, collaboration, and knowledge sharing within ...

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Denmark-UAE ties grow stronger with trade, climate action, says envoy

ABU DHABI / WAM Denmark-UAE bilateral relations are growing stronger with rising trade transactions and cooperation in climate action, Anders Bjørn Hansen, the Danish Ambassador to the UAE, told the Emirates News Agency (WAM). “We have strong commercial ties, which have developed very well over the last couple of years,” he said in an interview in the capital. According to ...

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ADGM experiences demand from asset managers at US roadshow

ABU DHABI / WAM Abu Dhabi Global Market (ADGM) set off on a trade mission to the United States in response to unprecedented demand from major US-based global asset managers in the hedge fund, private equity and venture capital space. The delegation will visit Miami for a series of bilateral discussions at the iConnections Global Alts 2024. The event is ...

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Invest in Sharjah, SAEED highlight emirate’s entrepreneurial and investment ecosystem at SEF 2024

SHARJA/ WAM The Sharjah FDI Office (Invest in Sharjah) and Sharjah Investors Services Centre (SAEED) participated in the seventh edition of the Sharjah Entrepreneurship Festival (SEF 2024) on 3rd-4th February, which convenes over 200 startups, creative minds, and change-makers from across the globe. The two-day event themed “Our Shared Canvas”, which takes place at the Sharjah Research Technology and Innovation ...

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