ADIB’s Board Recommends Increasing Capital Through A Rights Issue (26 July 2018)
The rights issue is subject to regulatory approvals and by the bank’s shareholders at a general meeting, which will be scheduled for the coming weeks.
ADP Monitors Longest Lunar Eclipse In 21st Century (26 July 2018)
He noted that the anticipated eclipse will be the longest in the 21st century and will be visible from the UAE, and they will allow the public to monitor the phenomenon through an observatory installed in the mobile observatory during the eclipse.
ADX Grants Daman Investments TSS Licence (26 July 2018)
In line with its strategy to enhance the UAE’s investment environment and support its sustainable economic growth, the Abu Dhabi Securities Exchange, ADX, granted Daman with the licence to provide Technical Short Selling, TSS, serviced to its clients.
EGA Signs Agreement With Gulf Cement To Create Value From Waste (26 July 2018)
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, has signed an agreement with Gulf Cement Company to supply a by-product from aluminium smelting over the next three years for use in cement manufacturing.
Fujairah’s Wadi Wurayah Designated ’Biosphere Reserve’ By UNESCO (26 July 2018)
Wadi Wurayah in Fujairah has been designated a ’Biosphere Reserve’ by the United Nations Educational, Scientific and Cultural Organisation (UNESCO).
TRA’s ’Bashr’ Initiative Covers 1200 Business Activities (26 July 2018)
The "Start Your Business in 15 Minutes ’Bashr’ initiative, launched earlier this month by the General Authority for Regulating the Telecommunications Sector (TRA) covers up to 1200 business activities in its first phase, according to a TRA official.
ADGM Issues Public Consult For PFPs Framework (25 July 2018)
Abu Dhabi Global Market, ADGM, the International Financial Centre in Abu Dhabi, today published a consultation paper setting out its proposed regulatory framework for operators of Private Financing Platforms, PFPs, in ADGM.
Bank Of Sharjah’s Net Profit Up 31% To AED200 Mn In H1 (25 July 2018)
Bank of Sharjah posted a net profit of AED200 million for the period ended 30th June, up by 31 percent compared to 30th June 2017.
Minister Of Tolerance Office, Etihad Airways Sign Agreement (25 July 2018)
The Office of the Minister of Tolerance and Etihad Airways have signed a cooperation agreement to promote the values of tolerance, coexistence and respect for diversity.
RAKBANK Group Reports A Net Profit Of AED 431.7 Million For The First Half Of 2018 (25 July 2018)
The National Bank of Ras Al Khaimah (RAKBANK) Group announced today a consolidated net profit of AED 431.7 million for the half year ended 30 June 2018. The second quarter of 2018 generated a net profit of AED 226.6 million, which was similar to the net profit achieved for same quarter last year.
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