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 ...

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 ...

Dubai / WAM DP World has teamed up with Emirates Development Bank (EDB), signing a memorandum of understanding to provide small and medium-sized enterprises (SMEs) access to trade financing through DP World’s trade finance platform. It includes a formal framework for EDB and DP World to provide SMEs with access to trade financing at competitive rates via DP World’s trade ...