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 …

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 …

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 …