Dubai / WAM Dubai Electricity and Water Authority (Dewa) on Wednesday announced that, following yesterday’s completion of the book building and subscription process for its initial public offering (IPO), it has set the final offer price for its IPO at AED2.48 per share. HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, ...

  Abu Dhabi / WAM The foreign direct investment (FDI) inflows into the UAE recorded a 3.9 percent growth in 2021 compared to 2020 to reach nearly AED 76 billion. As a result, the total FDI balance in the country increased to reach nearly AED 630 billion by the end of 2021, highlighting a 13.7 percent growth over 2020. Over ...

  ALEXANDRIA / WAM The Arab Sea Ports Federation (ASPF) has concluded its 59th meeting, in which the UAE was elected as President of the Federation, represented by Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group. The meeting, which was held at the federation’s headquarters in Alexandria recently, touched upon the progress made since the ...