Dubai / Emirates Business The Dubai Financial Market (DFM) on Tuesday announced an incentives program to encourage new IPOs and listings from private sector companies representing numerous rapidly growing economic sectors that strongly contribute to GDP as well as the new-economy related firms. The program encompasses unprecedented incentives including financial support to the cost of private companies’ IPOs on DFM’s ...

Abu Dhabi / Emirates Business Abu Dhabi Islamic Bank’s (Adib) Board of Directors on Tuesday appointed UAE national Nasser Abdulla Al Awadhi as Adib’s new Group Chief Executive Officer starting from January 9, 2022 subsequent to UAE central bank approval. Nasser brings over 33 years of experience in banking and is a leading practitioner in Islamic finance, having held a ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Tuesday announced record investments worth up to almost $6 billion (AED22 billion) to enable drilling growth as it boosts its crude oil production capacity to 5 million barrels per day (mmbpd) by 2030 and drives gas self-sufficiency for the UAE. The announcement was made at the Abu Dhabi ...