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Nasdaq fought off fierce rivals to win IPO of SoftBank’s arm

BLOOMBERG Nasdaq Inc may be the coveted destination for tech companies looking to go public. But the exchange had to pull out all the stops to lure chip designer Arm Ltd, likely to be the largest initial public offering of the year. The proposed listing sparked a remarkable, behind-the-scenes scrum involving heads of state, exchange officials and the billionaire founder ...

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UAE leaders congratulate Argentinian President on National Day

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Alberto Fernández of Argentina on the occasion of his country’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy ...

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Agda, Geneva Centre for Security Policy sign deal

ABU DHABI / WAM Anwar Gargash Diplomatic Academy (Agda), signed a memorandum of understanding (MoU) with Geneva Centre for Security Policy, to solidify its partnership, building upon the successful hosting of the Processes of International Negotiation (PIN) Conference in Abu Dhabi. The MoU was signed on Thursday by Nickolay Mladenov, Director-General of Agda and ambassador Thomas Greminger, Director of the ...

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Adnoc L&S sees highest-ever oversubscription for its IPO

ABU DHABI / WAM Adnoc on Thursday announced the successful completion of the bookbuild and public subscription process for the initial public offering (IPO) of Adnoc Logistics & Services (Adnoc L&S), a mission-critical global energy maritime logistics leader and critical enabler of Abu Dhabi and the UAE’s supply of energy to the world. The offering of 19 percent of the ...

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‘UAE-India partnership a driver for economic growth’

NEW DELHI / WAM Abdullah bin Touq Al Marri, Minister of Economy participated in a session titled “Is Minilateralism the Future of Global Trade?” as part of the annual Confederation of Indian Industry (CII) conference 2023 held in New Delhi. The session was attended by Sanjeev Bajaj, President of CII; Chandragit Banerjee, Director-General of CII; and a number of UAE ...

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Deal signed to boost energy efficiency projects in Abu Dhabi

ABU DHABI / WAM Kezad Communities, a real estate investment company specialising in staff residential solutions, and Abu Dhabi Energy Services (Ades), a prominent energy efficiency capacity builder and a subsidiary of Abu Dhabi National Energy Company (Taqa), have announced a collaboration agreement for energy efficiency projects in Abu Dhabi. The signing ceremony was attended by Ahmed Mohammed Al Rumaithi, ...

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Chimera’s Shariah-compliant exchange traded fund unveiled

ABU DHABI / WAM Chimera Capital, an Abu-Dhabi-based investment management firm, announced the launch of the Chimera S&P China HK Shariah Exchange Traded Fund (ETF). The fund is a physical, in-kind, liquid, and fully fungible exchange-traded fund (ETF) that will track the performance of Shariah-compliant Chinese equities listed on the Hong Kong Stock Exchange (HKEX). The initial offering period will ...

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