STC receives regulatory approval for IPO of its subsidiary
The Capital Market Authority approved an offering of 20% that represents 24 mn shares of Arabian Internet and Communications Services which is also known as solutions by STC...
Tag : UAE
HSBC signs blockchain-based KYC data sharing coalition in the UAE
HSBC is the first foreign bank to join UAE KYC has become the fourth founding member...
UAE to become the first major oil exporter to target net-zero by 2050
The UAE announced its plan before its meeting at the Glasgow climate summit and it could achieve its target while continuing to sell oil and gas...
UAE attracts foreign investment worth $20 bn in 2020
The Emirates became the 15th largest recipient of FDI in the world and climbed seven places from 2019 to 2020...
UAE Islamic banks record 5% increase in assets in 2020: Central Bank
The investment represents around 19% of the total banking assets...
China discovers new oil and gas in Xinjiang Uygur autonomous region
Located in the Fuman Oilfield area, the well contains 1 bn ton of oil and gas...
Mubadala health buys 60% stake in UEMedicals
The stake has been acquired from Jadawa Investment and United Eastern Group (UEG) and marked the company’s entry into the Saudi Arabia market...
ADNOC awards $510 mn contract to Saipem to expand Shah sour gas capacity
The contract will increase the plant’s capacity by 13% to 1.45 bn cubic feet per day by 2023...
Property sales surge by 250% during the first five months of 2021: Emaar
The developer also mentioned that the total sales reached up to Dh10.5 bn, compared to Dh3 bn recorded the previous year...
Qatar Airways to fly a daily Boeing 787 Dreamliner to Sharjah from July
The carrier cancelled its services to Sharjah in 2017 due to diplomatic reasons...