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UAE troops return home after liberation, stabilisation of Aden

ABU DHABI / WAM The General Command of the UAE Armed Forces announced the return of its troops from the Aden Governorate in Yemen after having successfully accomplished their role in liberating and stabilising Aden, and transferring its charge to Saudi and Yemeni forces, who will now maintain the security and stability of the Governorate. The UAE troops were received ...

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Investment in GCC chemicals industry tops $140b in 2019

DUBAI / WAM The GCC’s chemical-related investments have exceeded $140 billion in the first 10 months of 2019, led by consolidation, joint venture agreements and an increased number of merger and acquisition deals, according to estimates by the Gulf Petrochemicals and Chemicals Association (GPCA). The multi-billion-dollar investments made both within the region and international markets in the areas of refining, ...

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Trading of Emirates NBD’s rights issue from November

DUBAI / WAM Dubai Financial Market (DFM), on Wednesday announced that rights issue of Emirates NBD is due to be tradable on the exchange between November 3-14. Trading of the rights issue enables existing shareholders of the bank who do not wish to subscribe to the new shares, which the bank plans to issue as part of its capital increase, ...

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