ABU DHABI / Reuters Abu Dhabi’s national oil company (ADNOC) is weighing proposals from Goldman Sachs, First Abu Dhabi Bank (FAB), HSBC and JPMorgan for lead roles in the listing of its retail business, sources familiar with the matter said. Rothschild is in a strong position for an advisory role to the deal that could raise $1.5 to $2 billion ...

ABU DHABI / WAM Driven by a high level of liquidity targeting a set of blue chips, the Dubai Financial Market (DFM) recorded an impressive volume spike, auguring well for a price improvement over the coming days. Reflecting the same bullish view, the Abu Dhabi Securities Exchange (ADX) closed high thanks to a noticeable rise in Etisalat’s share which closed ...

ABU DHABI / WAM The Union National Bank (UNB) and InvestBank came in front of the pack in revealing their Q2 financial results, reflecting the UAE banking sector’s unwavering commitment to the rules and regulations of the Securities and Commodities Authority (SCA). A total of AED177.9 million in net profit have been revealed by the InvestBank for the first half ...

ABU DHABI / Emirates Business Etihad Airways is adding year-round flights between its Abu Dhabi hub and both Cairo and Lagos later this year to cater to growing demand to and from the United Arab Emirates. A fifth daily scheduled service will be introduced on the Cairo route, effective 1 October 2017, taking frequency to the Egyptian capital up from ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, visited the Dubai Design District, d3, where he reaffirmed the importance of nurturing talent and innovation, which, he said are “fundamental pillars of sustainable development”. He was accompanied by HH Sheikh Maktoum bin Mohammed bin Rashid Al ...

Ras Al Khaimah / Emirates Business Ras Al Khaimah Tourism Development Authority (RAKTDA), which develops the emirate’s tourism infrastructure and initiates its domestic and overseas promotions, has revealed Ras Al Khaimah is on track to surpass its annual visitor target after the emirate’s hotels reported a 10 per cent year-on-year increase in international guest arrivals during the first six months ...

Dubai / Emirates Business Dubai Properties, a leading Dubai-based real estate master developer and asset manager of renowned destinations across the emirate, has announced an investment of AED10 million for planned enhancements in the popular Remraam community, strategically located in Dubailand. Dubai Properties has awarded the contract to build 450 new free visitor parking spaces within the community to Gulf ...

DUBAI / WAM Within the scope of efforts to enhance the e-presence of the federal government, the UAE mGovernment, the Telecommunications Regulatory Authority (TRA) has, in coordination with the federal government entities, launched a comprehensive plan to activate the e-participation portal, Sharik.ae. The portal currently includes dozens of e-consultations that have been launched by government entities to communicate with the ...

DUBAI / WAM Expo 2020 Dubai’s highly successful BusinessConnect F&B session has marked the first step on the journey to Expo for small and medium sized enterprises, SMEs, in the food and beverage sector. The session, which saw more than 100 SMEs take part, outlined the food and beverage pathway and timeline, including encouraging them to sign up to the ...

DUBAI / Emirates Business Reinforcing its love and loyalty to the UAE, Waiwera Artesian Water – the world’s leading mineral water brand, has announced a landmark decision to gift the new-born Baby Emarat free lifetime supply of water. Baby Emarat was born to Kuwaiti parents on Saturday, July 1, 2017. The couple, decided to name the new-born Emarat to express ...