Bank takes over Amiantit subsidiary
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Presight to list on 27 Mar
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ADNIC to pay $62m dividend
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Emirates NBD arranges sukuk
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Dubai’s Shuaa plans SPACs worth $600 million
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Dubai’s Emaar may raise $500 million via Islamic bonds
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Bank takes over Amiantit subsidiary
The bank will absolve Amiantit of all its financial obligations.
Business
Company News
MBRSC, e& enterprise ink MoU
Business
Presight to list on 27 Mar
Business
Toshiba accepts $15bn buyout bid
Business
SATORP 2022 net profit $2.39bn
Business
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Tencent 2022 profit falls
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ADNIC to pay $62m dividend
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Dana Gas proposes dividend
Business
Tabreed to pay record dividend
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ACWA to get land for Egypt wind project
The Saudi energy developer will be allocated 3,000 sq km of land.
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Business
Herald, SAIF Zone sign agreement
Herald aims to expand its presence in the region.
- Under the new deal, Herald Holdings has secured 173,000 square feet (sq.ft) on lease in SAIF Zone to construct a logistics facility.
- The facility will offer comprehensive warehousing services and seamless cargo transportation by air, land, and sea.
Business
CBD H1 2023 net profit $133m
Profit is a 41.5 percent jump compared to H1 2022.
- This remarkable growth in net profit is attributed to outstanding revenue contribution across net interest and other operating income.
- The economic outlook for the UAE and business confidence continue to be encouraging, powered by buoyant domestic activity.
Business
ADNOC in talks with OMV
Talk merger of shareholdings in Borouge, Borealis.
- Borouge is listed on the ADX with 54 percent owned by ADNOC.
- Borealis is owned 75 percent by OMV with ADNOC holding 25 percent.