Business
SIB Rights Issue Attracts over AED 8.3 billion, Oversubscribed by 3.2 times
May 12, 2026
SIB Rights Issue Attracts over AED 8.3 billion, Oversubscribed by 3.2 times
Sharjah Islamic Bank PJSC (“SIB” or the “Bank”) today announced the successful completion of its AED2.59 billion rights issue, following…
Adnoc Gas to Restore 80% of Habshan Complex by 2026-End after Attack Damage
May 12, 2026
Adnoc Gas to Restore 80% of Habshan Complex by 2026-End after Attack Damage
A detailed technical assessment of the impact is still in progress and nearing completion, with the Abu Dhabi-based company saying…
The DFSA Prohibits Reinsurance Broker Mr Mohsen and Fines him USD 139,722 for Misleading and Deceptive Conduct
May 12, 2026
The DFSA Prohibits Reinsurance Broker Mr Mohsen and Fines him USD 139,722 for Misleading and Deceptive Conduct
The Dubai Financial Services Authority (DFSA), the independent banking, financial services, and markets regulator of Dubai International Financial Centre (DIFC) has imposed a…
Dubai Ruler Tightens Grip on Emaar With $6.5 Billion Reshuffle
May 12, 2026
Dubai Ruler Tightens Grip on Emaar With $6.5 Billion Reshuffle
A firm controlled by Dubai’s ruler has emerged as the top shareholder in the city’s biggest developer after buying a…
EGA and ADNOC Logistics & Services Sign Agreement to Explore Collaboration on Supply Chain Resilience
May 8, 2026
EGA and ADNOC Logistics & Services Sign Agreement to Explore Collaboration on Supply Chain Resilience
Emirates Global Aluminium (EGA), the largest ‘premium aluminium’ producer in the world, and ADNOC Logistics & Services plc (ADNOC L&S,…
ADNOC Distribution Announces Strategic Partnerships at Make it in the Emirates, Contributing to UAE Industrial Growth and Resilience
May 8, 2026
ADNOC Distribution Announces Strategic Partnerships at Make it in the Emirates, Contributing to UAE Industrial Growth and Resilience
Following its participation in Make it in the Emirates, ADNOC Distribution announces Strategic partnerships with Emirates Global Aluminium (EGA) and Borouge, valued at more than…
RAKEZ Signs Two Strategic Agreements to Reinforce Ras Al Khaimah’s Position as a Competitive Industrial Hub and Attract Investments
May 8, 2026
RAKEZ Signs Two Strategic Agreements to Reinforce Ras Al Khaimah’s Position as a Competitive Industrial Hub and Attract Investments
In the presence of HH Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al…
Standard Chartered appoints Michelle Swanepoel as Head of Financing and Securities Services Middle East and Africa
May 7, 2026
Standard Chartered appoints Michelle Swanepoel as Head of Financing and Securities Services Middle East and Africa
Standard Chartered today announced the appointment of Michelle Swanepoel as Head of Financing and Securities Services (FSS), Middle East and Africa. Based in Dubai, she…
Gulf Land Closes AED150 Million Bulk Deal for 41 Units at Tonino Lamborghini Residences Dubai
May 7, 2026
Gulf Land Closes AED150 Million Bulk Deal for 41 Units at Tonino Lamborghini Residences Dubai
Gulf Land Property Developers has completed a bulk transaction valued at AED150 million for 41 units at Tonino Lamborghini Residences…
EDGE Awards AED 200 Million Contract to Abu Dhabi Cable Harness Manufacturer ECCI
May 7, 2026
EDGE Awards AED 200 Million Contract to Abu Dhabi Cable Harness Manufacturer ECCI
EDGE, one of the world’s leading advanced technology and defence groups, through its smart weapon systems producer, HALCON, has awarded…