ADEX to provide $135 million loan to Trafigura

Abu Dhabi Exports Office (ADEX), the export financing arm of Abu Dhabi Fund for Development; and Japan’s Sumitomo Mitsui Financial Banking Corporation (SMBC), have joined hands to provide a loan...

Adnoc Gas to raise $2.5b in world-leading IPO, offer price at Dhs2.37 per share

State oil giant Abu Dhabi National Oil Company (Adnoc) on Friday set the final price for its initial public offering, valuing the company at about $50 billion (equivalent...

Adnoc Drilling signs $252 million deal

Adnoc Drilling Company (Adnoc Drilling) on Thursday announced that it has signed an agreement to purchase ten newbuild hybrid power land drilling rigs (the rigs) for a total of $252...

Paper One Show opens in Sharjah with over 160 exhibitors from 30 countries

Gulf Today, Staff Reporter The eighth edition of Paper One Show kicked off Tuesday at the Expo Centre Sharjah (ECS) supported by Sharjah Chamber of Commerce and Industry...

Saudi Stock Exchange fetes EFG-Hermes

Inayat-ur-Rahman, Business Editor EFG-Hermes Holding has announced that the Saudi Stock Exchange “Tadawul” has presented it with an award at the Saudi Capital Market Awards 2022 titled ‘ Best sell-side...

UAE and Romania to strengthen investment ties in various sectors

Abdullah Bin Touq Al Marri, Minister of Economy, and Mircea Abrudean, Head of the Chancellery of the Romanian Prime Minister, discussed trade and economic cooperation between the two countries in...

Emirates Steel Arkan’s 2022 net profit rises to Dhs508.5m

Emirates Steel Arkan, a prominent publicly traded steel and building materials company in the UAE, today announced that its net profit rose to Dhs508.5 million in 2022. The rise in...

UAE launches local payment card system and platform for instant payments

Gulf Today, Staff Reporter In line with the vision of His Highness Sheikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister, Minister of the Presidential Court, and Chairman of the...

India using sustainability as a major model for shining growth: Sultan Al Jaber

In his first international visit, since his appointment as President-Designate for COP28 UAE, Dr. Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, made the case for a...

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