Sipchem to pay 12.5% H1 dividend
Business
ADNOC L&S gets new VLCC
Business
Business
BitOasis to be registered in GoAML
BitOasis offers over 15 digital assets to trade against the dirham.
- The Executive Office of Anti-Money Laundering and Counter Terrorism Financing — or AML/CTF — has welcomed the confirmation
- The registration is expected to help add yet another layer of security for both fintech startups and the national economy
Business
Union Properties exits Dubai shopping deal
The deal with an unnamed developer was valued at $114m.
- The company chairman calls the deal a part of the firm's plans for diversifying the real-estate portfolio.
- Union Properties posted a profit of AED 32 million for H1.
Business
Adnoc Drilling IPO increased
Adnoc Drilling will list on the ADX on or around October 3.
- The increase is expected to be from 1.2 billion ordinary shares to 1.76 billion ordinary shares
- However, the offer price of AED 2.30 per share remains unchanged
Business
Facebook hits back at scathing reports
The company is under pressure to guard against being misinformation platform
- The company is under pressure to guard against being misinformation platform
- One of the articles, citing Facebook's own research, said a 2018 change to its software ended up promoting political division
Business
Drydocks World develops ‘South Yard’
The latest project is aimed at increasing the company’s fabrication capacity.
- The firm is building a dedicated facility for new building projects comprising 70,000 sq.m. area
- The world-class yard will feature cutting-edge equipment, a much leaner execution process and a facility for heavy structures
Business
Etisalat’s SmartHub centres grow
SmartHub has become a key element of the digital infrastructure in the region.
- Etisalat’s SmartHub data centres act as an ICT bridge between continents, always supporting critical business activities of global customers
- SmartHub seeks to be a preferred location for carriers, cloud service providers, Internet exchanges and companies looking for a carrier grade data centres
Business
Mrs Bectors subsidiary comes up in UAE
The new company, Mrs Bectors Food International, was incorporated on September 14.
- Mrs Bectors Food Specialities Limited was incorporated as Quaker Cremica Foods Private Limited on September 15, 1995
- Following the termination of a JV agreement, the company was renamed Mrs Bectors Food Specialities Private Limited
Business
Dragon Oil to double output by 2026
Dragon Oil to double output by 2026
- The company is eying new developments in Turkmenistan, Iraq, and Egypt
- It achieved a positive performance in 2020, and continued to maintain steady annual growth in 2021
Business
Imdaad signs three contracts in a month
The total value of the contracts signed with several UAE clients is AED90 million.
- Several UAE-based clients have awarded contracts in retail, sports and real-estate sectors.
- Imdaad was hired by the Dubai World Trade Centre for Total Facilities Management services at Expo Village.
Business
flydubai signs pact with Saudi company
The Saudi company will undertake ground handling services for flydubai.
- The AED 100m agreement has been signed for five years.
- flydubai said the agreement reflects the longstanding relations between it and Saudi partners.
Company News
Vodafone, Microsoft ink pact
Business
Latest News
Sipchem to pay 12.5% H1 dividend
Business
ADES prices IPO $3.33-$3.60 per share
The book-building process starts Sunday and run through Sept. 14.
Business
Tabreed signs MoU with Indian state
Asia's largest district cooling PPP project in Hyderabad part of deal.
Business
ENOC Group, Kawasaki renew partnership
The pact was signed through ENOC partner CKW Enterprises.
Business
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Business
EIH acquires stake in 9Yards Comm
The acquisition aims to broaden EIH's investment portfolio.
- EIH has cultivated a diversified, innovative and sustainable investment portfolio comprising over 40 successful companies across various sectors.
- 9Yards Communications has a broad client portfolio encompassing government entities and private organizations both domestically and internationally.
Business
Enbridge inks $14bn pact
The deal will make it North America's largest natural gas supplier.
- Enbridge, which operates the world's longest petroleum pipeline system, said it is doubling its gas distribution business with the acquisitions.
- The deal underscores the continued value producers are placing in natural gas even as countries strive to reduce fossil fuel dependence to curb greenhouse gas emissions.
Business
OIA invests in US battery firm ONE
ONE is focused on high-density LFP-based batteries.
- OIA and ONE signed a Strategic Collaboration Agreement (SCA) to explore potential areas of collaboration in energy storage and battery manufacturing in Oman.
- ONE is focused on high-density LFP (Lithium Iron Phosphate)-based batteries, which are created from lower-cost, more abundant iron.