ABU DHABI / WAM Abu Dhabi Islamic Bank (Adib has announced that its general assembly has approved a cash dividend of AED1.7 billion, 49 fils per share for the fiscal year ending December 31, 2022. This represents an increase from 31 fils per share in 2021 and constitutes 49.2% of the bank’s net profit for the year. In addition, Adib ...
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ABU DHABI / WAM Hub71, Abu Dhabi’s global tech ecosystem, has launched a partnership with Asia-Pacific based venture capital firm Investible, to support the growth of tech startups and early-stage companies in Abu Dhabi. Founders at Hub71 will benefit from access to Investible’s Early-Stage Funds, valued at approximately AUS$180 million funds under management collectively. Hub71 startups will also gain access ...
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ABU DHABI / GULF TIME Â Q Holding and ORA Real Estate Development Group signed a partnership agreement to develop a smart and sustainable city in the Ghantoot region of Abu Dhabi, UAE. The integrated city will span over 20 million square meters and will provide the community with residential, hotel, cultural, commercial, sporting and recreational services, all with a focus ...
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ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired the UAE Cabinet meeting at Qasr Al Watan, Abu Dhabi, in the presence of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance; HH ...
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ABU DHABI / WAM ADQ and International Holding Company (IHC) announced on Monday their intention to create the region’s largest multi-asset class investment manager, to be headquartered in Abu Dhabi. Upon its launch, the investment manager will manage a portfolio of assets from ADQ’s Alternative Investments platform, Abu Dhabi Growth Fund (ADG) and IHC as well as fresh capital from ...
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ABU DHABI / WAM Presight AI Holding, a G42 company and a big data analytics company powered by artificial intelligence (AI), on Monday announced its intention to carry out an initial public offering (IPO) and subsequently list its shares on the Abu Dhabi Securities Exchange’s (ADX) first market. The UAE Securities and Commodities Authority approved the Company’s application for the ...
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ABU DHABI / WAM AD Ports Group and SEG Enera Group, one of the multisectoral holding companies in Uzbekistan, on Monday announced the formation of a new joint venture, ADL-Ulanish, that will provide end-to-end global logistics services across the Republic of Uzbekistan. Through the new joint venture enterprise, AD Ports Group will bring its cutting-edge expertise in global supply chain ...
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DUBAI / WAM Dulsco Group has announced on Monday that it has successfully acquired Advance Global Recruitment Ltd (AGR), a leading energy recruitment firm based in Edinburgh. With offices in Scotland and the UAE and clients across 70 countries, AGR brings a wealth of specialist expertise in oil, gas, and renewables recruitment to Dulsco Group. This acquisition strengthens Dulsco Group’s ...
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DUBAI / WAM The 19th edition of the Dubai International Wood and Woodworking Machinery Exhibition is set to commence on Tuesday at the Dubai World Trade Centre to showcase the most innovative products, technologies, production scenarios, and large-scale machinery to wood industry key players and participating representatives of government agencies from the region. The Dubai WoodShow, the only dedicated trade ...
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ABU DHABI / WAM Abu Dhabi Agriculture and Food Safety Authority (Adafsa) opens a new farmers’ market at Zayed Port in Abu Dhabi to serve as a platform for wholesalers, retailers, and consumers interested in buying medium to large quantities of locally sourced products. The move follows the directives of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, ...
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