Dubai / WAM Yousef bin Abdullah Al-Shalash, Chairman of Dar Al-Arkan Real Estate Development Company of Saudi Arabia, on Wednesday rang the market opening bell at Nasdaq Dubai to celebrate the listing of a $600 million sukuk. The listing supports the accelerating development activities of Dar Al-Arkan, one of the Middle East’s leading real estate developers, said a press release ...

ABU DHABI / WAM Adnoc Distribution and Abu Dhabi Commercial Bank (ADCB), have entered into an agreement for ADCB’s digital banking solution, Virtual Accounts. The Virtual Accounts solution is enabling Adnoc Distribution to have tighter control of their cash management and better liquidity by speeding up the accounts receivable process. ADCB was the first local UAE bank to launch Virtual ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Wednesday it has signed a long-term agreement with Emirates Global Aluminium, EGA, the largest industrial company in the United Arab Emirates outside the oil and gas sector. Under the agreement, Adnoc will supply EGA with the majority of the calcined petroleum coke produced by Adnoc’s new Carbon Black ...