Recent Posts

Chinese investments in Ajman grow 173% over three years

AJMAN/WAM The Ajman Department of Economic Development and the Ajman Free Zones Authority have released an economic report detailing the volume of investments between the People’s Republic of China and the emirate of Ajman. This report coincides with the celebration of the 75th National Day of China. The report revealed that the volume of investments between China and Ajman reached ...

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AED 72 billion of Islamic bonds, sukuk listings on Abu Dhabi market: SCA

ABU DHABI/WAM The Securities and Commodities Authority (SCA) announced its approval for the listing of 16 tranches linked to bonds and Islamic sukuk, with a total value of $19.55 billion (AED72 billion), on the Abu Dhabi Securities Exchange’s “Secondary Listing Market” during 2023. The authority clarified, according to the latest released statistics that the listings included 10 regular tranches and ...

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‘Fertiglobe’ approves $150m interim dividend for H1 2024

ABU DHABI/WAM Fertiglobe on Tuesday announced that its Board of Directors has approved an interim cash dividend for H1 2024 of $150 million, equivalent to AED551 million or 6.6 fils per share. The dividend will be paid during October 2024 to shareholders of record as at October 10 2024. Fertiglobe’s robust balance sheet and effective cash flow management continue to ...

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