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Cabinet approves penalties for flouting Nafis initiative

  DUBAI / WAM The Ministry of Human Resources and Emiratisation (MoHRE) and the Emirati Competitiveness Council (Nafis) have started implementing the Cabinet Resolution No. 95 of 2022 regarding violations and administrative penalties related to the initiatives and programmes of (Nafis). The resolution mandates the ministry and the council to apply administrative penalties per specialisation. The cabinet resolution provides an ...

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ADX ETF market surpasses AED1.4bn in traded value

Abu Dhabi / Gulf Time Exchange Traded Funds (ETFs) listed on the Abu Dhabi Securities Exchange (ADX) trading values have surpassed AED1.4 billion year to date, making the Exchange’s ETFs the most liquid in the Arab world. Year-to-date growth in the turnover of ADX’s ETF market was supported by more than 11,400 trades of 227 million units. This milestone reinforces ...

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Al Seer Marine to buy four new tankers for AED643m

  ABU DHABI / WAM Al Seer Marine announced on Tuesday a new four IMO II/III product tankers order valued at AED643 million as part of Al Seer global expansion push this year. K Shipbuilding, the leading Korean shipyard, will construct the four new medium-range (MR) IMO II/III product tankers at Jinhae Shipyard, which are expected to be delivered before ...

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