April, 2019

• 16 April

  Saudi firm to launch biggest IPO in 5 years

  

  Bloomberg Fawaz Alhokair Group, the Saudi retailer that owns the franchise for brands like Banana Republic and Zara, may raise as much as $1 billion from the share sale of its malls unit in what would be the kingdom’s biggest initial public offering in five years. Arabian Centres Co. said Tuesday that it will sell 65 million existing shares and ...

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• 16 April

  Citi announces opening of new offices at ADGM

  

  Abu Dhabi / Emirates Business Citi announces the opening of its new offices at the Abu Dhabi Global Market (ADGM), Abu Dhabi’s international financial centre. HE Ahmed Ali Al Sayegh, ADGM Chairman, attended the inauguration ceremony, joining Citi executives David Livingstone, CEO for Europe, Middle East and Africa; Atiq Rehman, CEO for Middle East and Africa; and Elissar Farah Antonios, ...

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• 16 April

  Blue Star opens new showroom in Dubai

  

  Dubai / Emirates Business Air conditioning and commercial refrigeration major, Blue Star Limited’s wholly owned subsidiary in Dubai, Blue Star International FZCO, through its subsidiary Blue Star Systems and Solutions LLC, announced the inauguration of its new office and its first state-of-the-art flagship showroom in Dubai. Blue Star International FZCO, headquartered in Dubai, manages the international business operations of Blue ...

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• 16 April

  Emirates, Africa World Airlines ink interline pact

  DUBAI / WAM Emirates Airline and Ghana’s Africa World Airlines (AWA), have announced a one-way interline agreement whereby Emirates customers can connect onto selected routes of Africa World Airlines’ network, opening up new African destinations for Emirates customers from May 2019. “The agreement between Emirates and Africa World Airlines underpins our commitment to provide greater connectivity across West Africa. This ...

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• 16 April

  Emirates NBD celebrates $1bn listing of bond on Nasdaq Dubai

  

  Dubai / WAM Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD, rang the market-opening bell on Tuesday at Nasdaq Dubai to celebrate the listing of $1 billion conventional bond. The capital raised by the issue supports Emirates NBD’s regional and international business across diverse services including retail, wholesale and investment banking, private banking, asset management, global ...

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• 16 April

  UAE, Czech Republic discuss ways to boost economic ties

  

  ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, discussed ways of reinforcing the economic and commercial ties between the UAE and the Czech Republic, as well as partnership opportunities and the exchange of expertise between their public and private sectors, to serve their economic goals. The discussion took place during a meeting between Al Mansouri and ...

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• 16 April

  600 experts to attend FAHR International Conference in Dubai

  DUBAI / WAM Over 600 professionals and executives from across 25 countries across the globe will take part in the 9th edition of FAHR International Conference, kicking-off on Wednesday in Dubai. Themed ‘Fourth Industrial Revolution Human Capital Challenges’, the conference is a unique annual gathering, bringing together leading HR experts from the public and private sector as well as, regional ...

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• 16 April

  Cityscape Abu Dhabi opens

  

  Abu Dhabi / WAM His Highness Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, opened on Tuesday, Cityscape Abu Dhabi, the emirate’s leading property investment and development event, at Abu Dhabi National Exhibition Centre. The three-day property event is being staged under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince ...

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• 16 April

  UAE, Japanese official review nation’s senior citizens policy

  

  DUBAI / WAM Hessa Essa Buhumaid, Minister of Community Development, met Akihiko Nakajima, Ambassador of Japan to the UAE, and exchanged views on the UAE’s community development initiatives, and the care for members of society, especially senior citizens. The minister relayed the UAE experience in community care for Senior Emiratis and family cohesion based on diversified policies and legislation following ...

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• 16 April

  SIB profit rises by 6% to reach AED152mn

  

  Sharjah / WAM Sharjah Islamic Bank (SIB), reported a six percent increase in its net profit, amounting to AED151.7 million in the first quarter of 2019, compared to AED143.1 million reported for the same period last year. The bank’s total assets reached AED42.8 billion at the end of March quarter with the same level achieved by the end of 2018. Total ...

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