Recent Posts

ADX derivatives market one-year trade hit AED 1 billion

Abu Dhabi / GULFTIME    The Abu Dhabi Securities Exchange (ADX) is celebrating a year of unprecedented success for its derivatives trading market. In just 12 months since its launch in November 2021, the ADX derivatives market has grown to become the most liquid derivatives market in the Arab region, while being the youngest. In its first year, it has achieved ...

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Dubai’s Empower IPO raises AED2.6bn amid huge demand

Dubai / WAM  Emirates Central Cooling Systems Corporation PJSC (Empower), on Wednesday announced that, following the successful completion of the book-build and public subscription process for its initial public offering (IPO), it has set the final offer price for its IPO at AED1.33 per share, at the top of the price range. Following two successful upsize announcements, a total of ...

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UAE President issues new law on regulation, development of industry

Abu Dhabi / WAM  President His Highness Sheikh Mohamed bin Zayed Al Nahyan, issued Federal Decree-Law No. 25 of 2022 regarding the regulation and development of industry. The new law was introduced to support the organisation and development of the national industrial sector by increasing the flexibility to adopt more supportive policies and provide incentives. The law aims to be ...

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