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Burjeel raises AED1.1bn from oversubscribed IPO

  Abu Dhabi / WAM Burjeel Holdings has announced the successful completion of the bookbuild and public subscription process for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). The price for the offering has been set at AED2.00 per ordinary share (the final offer price), and the offering size confirmed at 550,729,221 ordinary shares (offer shares), ...

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UAE continues to bolster domestic labour rights

  Abu Dhabi / WAM The UAE is continuing to establish legal rights frameworks to keep pace with its social values, such as tolerance and coexistence. Under this framework, Decree Federal Law No.9 for 2022 was issued to strengthen domestic labour rights. The decree law covers all aspects of domestic labour law and guarantees the rights of all parties in ...

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UAE, New Zealand discuss ways to boost defence ties

Abu Dhabi / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, received on Wednesday New Zealand Defence Minister Peeni Henare and his accompanying delegation. Mattar Salem Ali Al Dhaheri, Under-Secretary of the Ministry of Defence, and a number of senior military officers, were also present. Al Bowardi welcomed the visit of the New Zealand minister of ...

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