Articles
Aldar acquires land on Saadiyat Island to develop $4bn mega project
The new mixed-use development will have nearly 2,700 units and is scheduled for completion in four years
Dana Gas included in ADX's new FTSE blue chip equities index
The natural gas company's shares rose 48% in 2021 to their highest level since 2009
GCC markets see biggest quarterly gain since global financial crisis
All markets were in the green during the first quarter of 2022 with Abu Dhabi reporting the biggest gain of about 17%
ADQ to acquire majority stake in fresh fruit company Unifrutti
The investment complements the Abu Dhabi conglomerate’s growing portfolio within the food and agriculture sector
Why the US has released more oil and what it means for markets
Washington has confirmed the release of one million barrel per day from its strategic petroleum reserves over the next six months
Union Properties to discuss company continuity at general meeting following 2021 loss
The ratio of the developer's accumulated losses exceeded 68% of its share capital
Dewa boosts IPO size on 'strong investor demand' and may raise $5.7bn
The utility will now list 8.5 billion ordinary shares, implying a deal size of 17%
Moody's affirms Dewa's Baa2 rating and stable outlook following its move to list on DFM
Utility plans to sell 6.5% of its existing shares and is looking to raise as much as $2.2bn from listing
Saudi Arabia records steep increase in 2021 FDI to reach $19.3bn
Kingdom handed out 4,400 new foreign investment licences last year, more than three times the number issued in 2020
Abu Dhabi to launch 'world's first' carbon credit trading exchange and clearing house
Companies can trade and finance carbon credits like conventional financial assets
World Bank approves $20m to boost Palestinian education sector
It is part of an eight-year programme that addresses key education challenges in occupied West Bank and Gaza
Investcorp to sell majority stake in Spanish agri services firm Agromillora
Bahrain-based asset manager invested in Agromillora in December 2016
Union Properties to restructure operations after posting 2021 loss
Dubai developer says fraud and misconduct by the company’s former management severely impacted financials
JLT’s new solar panel car-park shades to make district cheaper for residents
The project, which will be carried out at 17 locations, is expected to save more than 7,612 megawatt hours annually
Russia’s military offensive in Ukraine 'has put an end to globalisation'
The conflict is also set to accelerate the global transition to green energy in the long term
