Lulu Retail announces intention to float on ADX

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ABU DHABI / WAM Lulu Retail Holdings PLC on Monday announced its intention to proceed with an Initial Public Offering (IPO) and to list its shares for trading on the Abu Dhabi Securities Exchange (ADX). In a press release on Monday, the company said that a total of 2,582,226,338 ordinary shares, each with a nominal value of $0.014 (which is ...

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Saqr Ghobash meets with UAE-Italy Friendship Group

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ROME / WAM Saqr Ghobash, Speaker of the Federal National Council (FNC), has met with the UAE-Italy Friendship Group chaired by Salvatore Caiata, and discussed ways to strengthen parliamentary cooperation between the FNC and the Italian Parliament, including coordination on issues of mutual interest. During the meeting at the Italian Parliament, both sides emphasised their shared alignment on crucial international ...

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UAE President attends special dinner hosted by Russian President in his honour

Uae president attends special dinner hosted by russian president in his honour

MOSCOW / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan attended a special dinner hosted in his honour by His Excellency Vladimir Putin, President of the Russian Federation, at the latter’s official residence. During the meeting, both sides engaged in friendly conversation. His Highness thanked His Excellency President Putin for his ongoing commitment to strengthening UAE-Russian relations ...

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United Arab Bank pre-tax net profit up by 12% for first nine months of 2024

United arab bank pre tax net profit up by 12% for first nine months of 2024

SHARJAH/WAM United Arab Bank PJSC (UAB) has announced its financial results for the nine months ended 30th September 2024. UAB posted a net profit before tax of AED 233 million for the first nine months of 2024 compared to AED209 million for the same period last year, representing a year-on-year increase of 12%. Net interest income was higher by 20% ...

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UAE Floating Hospital in Al Arish opens physiotherapy department

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AL ARISH/WAM As part of Operation Chivalrous Knight 3, the UAE Floating Hospital in Al Arish, Egypt, has announced the opening of a physiotherapy department, aimed at providing the highest level of healthcare services to Palestinian patients and injured individuals from the Gaza Strip. This opening reflects the UAE’s steadfast humanitarian commitment to supporting the Palestinian people in Gaza in ...

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‘UAE Stands with Lebanon’: Second drive at Dubai Expo City sees 250 tonnes of supplies collected

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DUBAI/WAM In the second week of the “UAE stands with Lebanon” national relief campaign, a second collection drive with the participation of 2,000 volunteers was organised at Exhibition Centre, Dubai Expo City, resulting in the collection of 250 tonnes of relief materials, including food, medicine and shelter equipment. The total collection in the campaign with the active involvement of UAE ...

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