October, 2021

• 14 October

  Fertiglobe IPO may raise $827m

  

  ABU DHABI / WAM Fertiglobe, a 58:42 partnership between OCI and Adnoc on Wednesday announced the offer price range and the opening of the subscription period for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). The opening of the subscription period for the IPO commences Wednesday, October 13, and will continue until Monday, October 18 for ...

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• 14 October

  Accenture, Etisalat, Oracle ink deal to drive digital shift

  

  ABU DHABI / WAM Accenture, Etisalat Digital, and Oracle signed a three-year memorandum of understanding (MoU) to offer SMEs and large enterprise clients in the Middle East a seamless digital transformation and journey to Oracle cloud solutions that include infrastructure as a service, platform as a service, and software as a service. By offering a one-stop-shop for Oracle solutions, the ...

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• 14 October

  DMCC to boost trade relations with Botswana

  DUBAI / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, discussed with Lefoko Maxwell Moagi, Botswana’s Minister of Mineral Resources, Green Technology and Energy Security, how Dubai and Botswana can enhance existing ties to grow bilateral trade. During the meeting held at the Dubai Diamond Exchange, the minister was joined by ...

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• 14 October

  Blue Ocean gives staff two-day leave, tickets to visit Expo 2020

  

  Dubai / Emirates Business Blue Ocean Academy has announced a special two-day leave with company-sponsored tickets for all its employees to enjoy the experiences of the Expo 2020 Dubai – the world’s greatest show. The latest announcement which has doubled the excitement of every Blue Ocean employee is a unique attempt by the company’s management that strives to support both ...

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• 14 October

  ‘UAE govt leads an innovative professional approach’

  

  Emirates Business Khalifa Saif Al Muhairbi, the Chairman of the Board of Directors of the Arabian Gulf Investment Company, said the UAE government is leading an innovative professional methodology by announcing its budget for the next five years to demonstrate to the world its superiority and ability to navigate the future with confidence and creativity. Al Muhairbi stressed that the ...

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• 14 October

  Danube Home announces partnership with FAB

  

  Dubai / Emirates Business Danube Home, the interior and home improvement retail wing of Danube Group, launched Baitak Hilmak program for the beneficiaries of National Housing Loan and revamped version of Danube Home’s Privileged Partners Programme (PPP), the one and only loyalty & reward program for construction contractors across the region. With Baitak Hilmak, Danube Home shall offer exclusive benefits ...

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• 14 October

  UAE’s non-oil foreign trade up 27% to AED900bn in H1 2021

  

  Abu Dhabi / WAM The UAE’s non-oil foreign trade recorded a 27% growth in H1 2021 compared to H1 2020, indicating a rapid recovery in the country’s non-oil foreign trade and its return to growth trajectory. This also indicates a 6% growth in the country’s non-oil foreign trade compared to the pre-pandemic level in 2019. According to preliminary data released ...

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• 14 October

  FAB joins UAE’s endeavours for net-zero carbon emissions

  

  Abu Dhabi / WAM The First Abu Dhabi Bank (FAB) has announced that it is joining the Net-Zero Banking Alliance (NZBA), becoming the first UAE and GCC bank to join the alliance. As part of this commitment, FAB will enable its clients to transition towards a climate-neutral economy through innovative financing and advisory services. FAB puts sustainability at the core ...

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• 14 October

  Golden list project of local industrial products launched in Abu Dhabi

  

  ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added) has launched the golden list project of the industrial products in Abu Dhabi, in collaboration with the Department of Government Support (DGS). This project is part of the Abu Dhabi Local Content Programme (ADLC) launched by the Industrial Development Bureau (IDB) to encourage the companies and establishments that ...

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• 14 October

  DoE, Khalifa University sign deal on renewables, sustainable technologies

  

  Abu Dhabi / WAM In line with its leading role in developing the energy sector and working on policies and regulations that support sustainable development in the emirate, the Department of Energy in Abu Dhabi (DoE) has signed a Memorandum of Understanding (MoU) with Khalifa University of Science and Technology. The agreement is aimed at strengthening partnerships with the government ...

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