ABU DHABI / WAM Adnoc Logistics & Services, a global energy maritime logistics leader, on Tuesday announced the offer price range and the opening of the subscription period for its initial public offering (IPO) on the ADX. The price range for the offering has been set between AED1.99 to AED2.01 per share, implying an equity value of $4.01 billion to ...

DUBAI / WAM In line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to develop an integrated system to support the growth of family businesses, HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of ...

BLOOMBERG  Morgan Stanley is considering a 7% cut in its Asia-Pacific investment banking workforce, with China taking the biggest hit as deteriorating relations with the US and weaker economic growth curb dealmaking, people familiar with the matter said. The bank is likely to start communicating with affected bankers as soon as this week, with more than 40 jobs at risk, ...

BLOOMBERG  Global central banks tapped a record amount of the Chinese currency in foreign-exchange swap lines in the first quarter, in another indication of the yuan’s growing international status. The outstanding balance of all foreign currency swaps was 109 billion yuan ($15.6 billion) at the end of March, according to data released by the People’s Bank of China (PBOC). That ...

ABU DHABI / WAM Dr Bader Abdullah Al Matrooshi, UAE ambassador to Vietnam, met with General To Lam, Minister of Public Security of Vietnam. During the meeting, they discussed strengthening relations between the two countries in areas of common interest. Al Matrooshi stressed the depth of relations between the two countries and the keenness of the UAE leadership to reinforce ...

LONDON / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with Grant Shapps, Secretary of State for the Department for Energy Security and Net Zero of the UK. During the meeting, which took place as part of HH Sheikh Abdullah’s working visit to London, the two sides discussed the friendly relations and ...

ABU DHABI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has issued a Resolution appointing Dr Noura Khamis Al Ghaithi as Undersecretary of the Department of Health – Abu Dhabi (DoH).

DUBAI / WAM Dubai Integrated Economic Zones Authority (Diez) welcomed a high-level delegation from Curaçao Island within the Kingdom of the Netherlands at the Dubai Airport Free Zone (Dafz) to discuss future bilateral cooperation and investment opportunities. Amna Lootah, Director-General of Dubai Airport Freezone (Dafz), and Dr Juma Al Matrooshi, Director-General of Dubai Silicon Oasis (DSO), welcomed the delegation, which ...

ABU DHABI / WAM Khalifa Fund for Enterprise Development (Khalifa Fund) has signed a memorandum of understanding with Wio Bank PJSC — the region’s first platform bank — to support Khalifa Fund members with access to fast, flexible, and secure banking and financial services from Wio Business, the SME-tailored business banking application from Wio Bank. Through the partnership, the two ...

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Minister of the Presidential Court, and Chairman of the Board of Directors of the Mubadala Investment Company, chaired the meeting of the company’s board held in Qasr Al Watan in Abu Dhabi. HH Sheikh Mansour opened the meeting by lauding the company’s performance ...