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UAE eases face mask rules in some public places

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) and the National Emergency Crisis and Disasters Management Authority (NCEMA) announced on Wednesday that it is not mandatory to wear a face mask in certain places while keeping a safe physical distance of two metres. According to new decision, face masks will no longer be mandatory when exercising in ...

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Adnoc increases size of drilling unit IPO to 11%

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Wednesday announced that, following approval from the UAE Securities and Commodities Authority (SCA), it increased the number of ordinary shares offered in the Initial Public Offering (IPO) of Adnoc Drilling from 1,200,000,000 ordinary shares to 1,760,000,000 ordinary shares, which equates to 11 percent of Adnoc Drilling’s total issued ...

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Dubai’s real estate deals reach AED14.97bn in August 2021

DUBAI / WAM Dubai’s real estate market is witnessing continuous growth and increased investment attractiveness on the cusp of the largest international event in the region, Expo 2020 Dubai. According to the 18th edition of Mo’asher, Dubai’s official sales price index, launched by Dubai Land Department (DLD) in cooperation with Property Finder, August 2021 is the second-highest month since December ...

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