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ABU DHABI / WAM Emirates Steel Arkan, the UAE’s largest publicly listed steel and building materials company, has rebranded as EMSTEEL as part of a broader strategy to accelerate its operational transformation and extend its global presence. The new brand identity and operating model were officially launched at an event in Abu Dhabi, attended by high-ranking dignitaries and over 400 ...
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September, 2024
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6 September
UAE President: The nation has taken another significant step on the journey towards net zero
ABU DHABI / GULF TIME UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan said on Thursday the UAE has taken a significant step towards net zero as operations at Unit 4 of the Barakah Nuclear Energy Plant start. His Highness Sheikh Mohamed wrote on X, “With the start of operations at Unit 4 of the Barakah Nuclear Energy ...
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5 September
Ducab doubles production, boosts Operation 300bn
DUBAI / WAM Ducab Metals Business (DMB), a subsidiary of Ducab Group, announced on Thursday the doubling of its annual production capacity for aluminium from 55,000 tonnes per annum to 110,000 tonnes per annum and increased its bare copper product capacity in response to surging global demand for these UAE-manufactured products. This expansion strengthens DMB’s position in the international metals ...
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5 September
NMDC Energy IPO closes 31.3 times oversubscribed
ABU DHABI / WAM NMDC Group, a leader in engineering, procurement, construction, and marine dredging, on Thursday announced the successful closing of the Initial Public Offering (IPO or Offering) of NMDC Energy, which was oversubscribed by 31.3 times excluding the cornerstone tranche. The offering attracted exceptional investor interest, generating total gross demand of AED88 billion. The offering of 1.15 billion ...
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5 September
Abdullah bin Zayed, Muhannad Hadi discuss humanitarian response in Gaza
ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, met with Muhannad Hadi, Deputy Special Coordinator and Resident Coordinator, Office of the United Nations Special Coordinator for the Middle East Peace Process (UNSCO). During the meeting, which was held in Abu Dhabi, Sheikh Abdullah and Hadi discussed the overall developments ...
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5 September
Abu Dhabi Police, EAD to enhance environmental initiatives
ABU DHABI / WAM The General Command of Abu Dhabi Police and the Environment Agency – Abu Dhabi (EAD) signed a memorandum of understanding to help protect the environment in the emirate. As part of the MoU, the two organisations will work together to enforce legislation to conserve and raise awareness of the environment, and work towards adopting sustainability practices ...
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5 September
Sukoon acquires Chubb’s UAE’s insurance portfolio
ABU DHABI / WAM DFM-listed Sukoon announced that it has finalised the acquisition of the UAE life insurance portfolio of Chubb Tempest Life Reinsurance. The transfer, which includes unit-linked insurance policies and life insurance policies, has been approved by the relevant regulatory authorities, including the Central Bank of the UAE and the Bermuda Monetary Authority, the company said in a ...
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5 September
Dubai Culture launches ‘Talent Atelier’ programme for Emirati designers
ABU DHABI / WAM Dubai Culture and Arts Authority (Dubai Culture) has announced the launch of the 1st edition of ‘Talent Atelier’ programme, organised in collaboration with L’ÉCOLE Middle East, School of Jewelry Arts supported by Van Cleef & Arpels. The programme aligns with Dubai Culture’s efforts to strengthen the cultural and creative industries, reinforcing the emirate’s position as a ...
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5 September
Adnoc prices triple tranche debut bond transaction
ABU DHABI / WAM Abu Dhabi National Oil Company (Adnoc) PJSC announced on Thursday that its wholly-owned subsidiary, Adnoc Murban RSC Ltd (Adnoc Murban), the primary debt capital markets issuing and rated entity for Adnoc Group, has successfully priced its inaugural offering of notes under its newly established Global Medium Term Note (GMTN) Programme in three tranches with an aggregate ...
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5 September
Chaired by Sheikh Mansour, Ministerial Development Council reviews set of government projects, policies
ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, has chaired a meeting of the Ministerial Development Council held at Qasr Al Watan in Abu Dhabi. The council reviewed and discussed several government projects and policies submitted by federal ministries and entities. The meeting’s agenda included ...
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