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DMCC registers 1,230 companies in H1 2021

Dubai / WAM The Dubai free zone DMCC has welcomed 1,230 new member companies in the first half of 2021, the best 6-month performance since 2013. This builds on free zone’s strong performance in 2020, during which it attracted 2,025 new businesses supported by DMCC’s relief packages offered during the global pandemic. “We have carried over the record-breaking performance of ...

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Nasdaq Dubai welcomes listing of $750 million bond by EDB

Dubai / WAM Ahmed Mohamed Al Naqbi, CEO of Emirates Development Bank (EDB), on Tuesday rang Nasdaq Dubai’s market-opening bell to celebrate the listing of a $750 million bond. The listing announcement event was attended by Hamed Ali, CEO of Nasdaq Dubai and Deputy CEO of Dubai Financial Market (DFM), as well as senior executives from both sides. Al Naqbi ...

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EGA’s GAC opens $1mn vocational training centre

DUBAI / WAM Emirates Global Aluminium (EGA) on Tuesday announced that its wholly-owned subsidiary Guinea Alumina Corporation (GAC) has opened a US$1 million vocational training centre to create opportunities for young Guineans. The Advanced Automotive Training Centre, located in the town of Boké near GAC’s bauxite mining concession, will provide year-long courses in advanced light vehicle mechanics. The project was ...

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