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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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

ABU DHABI/WAM The Frontline Heroes Office (FHO) emphasised that UAE’s observance of the International Day of Charity reflects its unwavering commitment to fostering humanitarian values and supporting charitable initiatives both locally and globally. On this occasion, the FHO remarked, “As the world unites on September 5 to celebrate this day, we would like to take a moment to recognise UAE’s ...

ABU DHABI/WAM The UAE will mark the “International Day of Charity” tomorrow, having provided more than AED360 billion ($98 billion) in foreign aid since its founding in 1971 until mid-2024, underscoring its global leadership in making philanthropy a sustainable and inclusive effort. Driven by its core values of generosity, solidarity, and volunteerism, the UAE has delivered significant support to nations ...