Dubai's Salik ups IPO size to 24.9% on strong investor demand

Salik Company on Friday announced that it has increased the number of shares offered in Salik’s Initial Public Offering (IPO) from 1,500,000,000 ordinary shares to 1,867,500,000 ordinary shares, which would...

ADFD’s finances and investments surge to Dhs156.9 billion in 2021

Abu Dhabi Fund for Development (ADFD) continued its support and investment activities across developing economies in 2021, despite the challenges posed by COVID-19. The Fund stepped up its efforts to...

UAE stock markets on solid trajectory

Inayat-ur-Rahman, Business Editor Traders’ Hub, the UAE-regulated and Abu Dhabi headquartered brokerage firm has announced its official company launch. The brokerage provides access to trade over 1,000 global markets including...

Dubai CommerCity unveils new identity, adopts digital commerce

Dubai CommerCity, the first-of-its-kind free zone specialising in digital commerce, part of the Dubai Integrated Economic Zones Authority (DIEZ), on Wednesday unveiled a new corporate identity aligned with its new...

India's quarterly growth rises to 13.5% after pandemic slump

India’s economy grew by 13.5% in the April-June quarter from a year earlier, pushed up by a boost in agriculture and manufacturing as pandemic curbs eased, official figures released on...

On the occasion of Emirati Women

Pakistan eyes IMF board crucial meeting on bailout package today

Pakistan is eyeing an important and crucial meeting of the executive board of the International Monetary Fund (IMF), which is to be held on Monday to take a decision on a...

Adnoc Drilling awarded more than $3.4 billion in contracts

Abu Dhabi National Oil Company (Adnoc) announced on Thursday two contracts totalling more than $3.4 billion (Dhs12.6 billion) have been awarded to Adnoc Drilling to hire 8 jack-up offshore rigs....

Sheikh Hamdan names members of Board of Directors of Salik

Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, issued Resolution No.(34) of 2022 appointing members of the Board of Directors...

Pakistan’s new government unveils Rs9.5 trillion budget

By Tariq Butt Finance Minister Miftah Ismail on Friday unveiled the coalition government’s maiden budget with an outlay of Rs9.5 trillion for the fiscal year 2021-22 in the National...