SHARJAH / WAM Dana Gas, a regional private sector natural gas company, on Tuesday announced its intention to pursue a feasibility study studying a potential demerger of its upstream business into a new company, which, as part of the demerger, will also be listed on the Abu Dhabi Stock Exchange (ADX). Currently, the Sharjah-based company owns upstream oil and gas ...

SHARJAH / WAM The Expo Centre Sharjah recently held a virtual meeting to ensure the smooth functioning of the various departments and services, as part of the precautionary measures taken by the centre to maintain the health and safety of employees and customers and cope with the government’s preventive measures amid the Covid-19 outbreak. Headed by Saif Mohammed Al Midfa, ...

ABU DHABI / WAM Abu Dhabi Power Corporation, ADPower, announced — alongside its subsidiary, Emirates Water and Electricity Company (EWEC) — the signing of a Memorandum of Understanding (MoU) with the Abu Dhabi Waste Management Centre, Tadweer, to facilitate the development of two waste-to-energy, WtE, plants in Abu Dhabi and Al Ain. Upon completion, the plants would have the potential ...

DUBAI / WAM Aligning with Dubai Government’s economic stimulus programme, Dubai International Financial Centre (DIFC) will introduce a series of fiscal easing initiatives over the next three months from April 1 to June 30, 2020 to help protect the financial services industry and all businesses operating in the Centre. Five initiatives will be introduced on a conditional basis, offering businesses ...

DUBAI / WAM Al Ramz, a financial institution in the UAE, has announced the expansion of its market-making activities on Nasdaq Dubai to strengthen its status as the leading provider of liquidity on all listed futures. The move supports liquidity in the exchange’s futures market on behalf of investors who wish to take positions on the price moves of UAE ...

DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has said that the government of Dubai is fully committed to supporting Emirates Airline during the current global climate. As a shareholder of Emirates, the government of Dubai will inject equity into the company, considering its strategic ...

Sharjah / Emirates Business As early as January 2019, an unprecedented 70.8 million people had been forcibly displaced worldwide. Against the backdrop of these overwhelming numbers, the Sharjah-based global humanitarian organisation, The Big Heart Foundation (TBHF), continued to intensify its philanthropic efforts in 2019 in the vital sectors of emergency relief, healthcare, education and livelihood with the strategic inclusion of ...

DUBAI / WAM Enoc Group has urged customers to make use of the safety offered by ENOCPay, its cashless and cardless payment platform accepted across all its retail service stations in the UAE, in line with the UAE government’s efforts to maintain social distancing following the Covid-19 pandemic, With ENOCPay, customers can refuel with zero contact with machines or fuel ...

Dubai / WAM Adnoc Distribution announced that its dividend policy will see the 2020 dividend increase to AED2.57 billion, an increase of 7.5 percent compared to 2019. The announcement was made on Tuesday during the company’s General Assembly meeting which was held remotely via video conference as part of the Adnoc Distribution’s measures to ensure the safety and well-being of ...

AJMAN / WAM HH Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, issued Emiri Decree No. 7 for 2020, to adopt the government’s package to support Ajman’s local community and business sector. The decree aims to reduce the economic and financial burdens on the local community and business sector and overcome the social and economic ...