DUBAI / WAM Dubai Taxi Company announced on Monday its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM). In a statement on Monday, the company said that 624,750,000 shares, each with a nominal value of AED0.04, will be made available in the offering, representing 24.99% …

ABU DHABI / WAM Tuna Gulenc, Vice President of Japan’s Daikin Middle East Africa, said that the UAE is continuing its global efforts to radically change the course of climate action and pave the way for a sustainable future by hosting COP28. In statements to the Emirates News Agency (WAM), Gulenc added that COP28 will come up with the first-ever …

ABU DHABI/ WAM Abu Dhabi Islamic Bank (ADIB) listed successfully its US$500 million green sukuk, the world’s first dollar denominated green sukuk, on London Stock Exchange’s International Securities Market and Sustainable Bond Market. London Stock Exchange’s has welcome ADIB’s listing, as the world’s first dollar denominated green sukuk. This follows the bank’s recent successful listing of US$750 million AT1 perpetual …