News

Ajman / WAM     Ajman Business Women Council (AJBWC) received an economic delegation from the Serbian Businesswomen Council, with the aim of discussing partnerships, enhancing joint cooperation, and exchanging experiences, best practices, and initiatives that support entrepreneurship and promote micro, small, and medium enterprises. Dr. Amna Khalifa Al Ali, Board member of the Ajman Chamber of Commerce and Industry (ACCI) and ...

Dubai / WAM Taaleem Holdings on Thursday announced the price range and start of the subscription period for its initial public offering (IPO) on the Dubai Financial Market (DFM). Alan Williamson, Chief Executive Officer of Taaleem, said, “We have seen strong interest in our IPO since announcing our Intention to Float on October 31. Today, we are pleased to open ...

Dubai / WAM Salik Company announced that it achieved a net profit of AED242 million in the third quarter of 2022, with revenues increasing 9.1 percent year-on-year (YoY) to AED445 million, driven by solid operational performance reflecting positive economic activity and growth in traffic, while Ebitda reached AED 291 million, yielding a strong margin of 65.4 percent. During its meeting ...

Sharjah / WAM Sharjah Real Estate Registration Department (SRERD) issued a report on the results of real estate transactions for the period ending September 30, revealing that cash trading volumes of the emirate’s real estate transactions amounted to AED 16.6 billion. 65,314 total transactions were carried out, distributed among the various cities and regions of Sharjah, including 5,335 sales transactions ...

Abu Dhabi / WAM Zaki Nusseibeh, Cultural Adviser to the UAE President and Chancellor of the United Arab Emirates University (UAEU), highlighted the importance of the World Media Congress 2022, to be held from November 15-17, as a way for demonstrating the UAE’s exceptional capability to stage international exhibitions. The congress is being held under the theme ‘Shaping the Future ...

Abu Dhabi / WAM   AD Ports Group, the leading facilitator of global trade, logistics, and industry, and International Development Bank (IDB) signed an MoU to review opportunities for ports and logistics projects that could enhance trade flows between the UAE and Iraq. The agreement was signed by Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports ...

Abu Dhabi / GULFTIME    The Abu Dhabi Securities Exchange (ADX) is celebrating a year of unprecedented success for its derivatives trading market. In just 12 months since its launch in November 2021, the ADX derivatives market has grown to become the most liquid derivatives market in the Arab region, while being the youngest. In its first year, it has achieved ...

Dubai / WAM  Emirates Central Cooling Systems Corporation PJSC (Empower), on Wednesday announced that, following the successful completion of the book-build and public subscription process for its initial public offering (IPO), it has set the final offer price for its IPO at AED1.33 per share, at the top of the price range. Following two successful upsize announcements, a total of ...

Abu Dhabi / WAM  President His Highness Sheikh Mohamed bin Zayed Al Nahyan, issued Federal Decree-Law No. 25 of 2022 regarding the regulation and development of industry. The new law was introduced to support the organisation and development of the national industrial sector by increasing the flexibility to adopt more supportive policies and provide incentives. The law aims to be ...

Dubai / WAM DP World has teamed up with Emirates Development Bank (EDB), signing a memorandum of understanding to provide small and medium-sized enterprises (SMEs) access to trade financing through DP World’s trade finance platform. It includes a formal framework for EDB and DP World to provide SMEs with access to trade financing at competitive rates via DP World’s trade ...