Recent Posts

Saudi investors own shares worth AED5.6 billion: ADX

  ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX) announced an increase in the value of shares owned by Saudi investors, totalling AED5.627 billion at the beginning of September, representing 25 percent of the total shares owned by Arab and Gulf Cooperation Council (GCC) investors, and amounting to AED22.897 billion. In its statement to the Emirates News Agency ...

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UAE, US sign deal to lower trade barriers by aligning on standards

  ABU DHABI / WAM The UAE’s Ministry of Industry and Advanced Technology (MoIAT) on Friday signed a memorandum of understanding (MoU) with the American National Standards Institute (ANSI) with the aim of lowering trade barriers and promoting economic growth. The MoU was signed during the ISO Annual Meeting 2022, which is taking place in Abu Dhabi this week. The ...

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Borouge to distribute interim dividends of AED 1.2 billion

ABU DHABI / WAM Borouge petrochemical company on Friday announced the General Assembly approval for its 2022 interim dividend payment of US$325 million (AED1.2 billion) equivalent to 3.97 fils per share. The interim dividend will be paid to shareholders of record on 3rd October 2022 and is the first payment of the expected total FY 2022 dividend of $975 million ...

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