Empower: The offering price range is between 1.31 and 1.33 dirhams per share

Dubai (Etihad) The Emirates Central Cooling Systems Corporation (Empower) announced today the price range of its shares and the start of the subscription period for the initial public offering on the Dubai Financial Market. The price range of the offering shares was set between 1.31 and 1.33 dirhams per share. The total size of the […]

Dow Jones is close to its best monthly performance since January 1976

Sherif Adel (Washington) US stocks rose, during trading on Friday, to end the week strongly, despite the poor results of most major technology companies, and the Dow Jones Industrial Average recorded the fourth consecutive week of gains, for the first time since November of last year.During Friday’s trading, the Dow Jones Industrial Average rose more […]

Zainab Al Hashemi participates in the exhibition “Forever is Now”

Abu Dhabi (Etihad) As part of its strategies and vision to highlight the achievement of Emirati art and celebrate its creators by promoting it regionally and globally, the Abu Dhabi Group for Culture and Arts supports the participation of the Emirati plastic artist Zainab Al Hashemi in the second international exhibition held by the Art […]

«Dubai Market» records a 133% growth in net profit

Dubai (Etihad) During the first nine months of this year, the Dubai Financial Market Company recorded a 133% increase in net profits, reaching 89 million dirhams, compared to 38.1 million dirhams in the same period in 2021.The company achieved revenues of 237.8 million dirhams during the first nine months of 2022, compared to 183.1 million […]

Bankruptcy of the largest contracting company in the UAE

Today, Monday, a UAE court decided to declare the bankruptcy of the “Arabtec” holding company and its subsidiaries, and to seize the balances, accounts and funds of the declared bankruptcy company in all banks. According to the newspaper, “Al Khaleej”, the Dubai Court of First Instance decided today to declare the bankruptcy of Arabtec Holding […]

A new update from Apple provides important and useful features

<!– –> October 24, 2022 13:10 The American company, “Apple”, will release, on Monday, the “iOS 16.1” update to the operating system, which will allow users of “iPhone”, “iPad”, and “Apple TV” devices to access the “Fitness +” application for fitness. This access, thanks to the new update, allows users of “Apple” devices to enjoy […]

ADNOC leads the UAE’s efforts to acquire 25% of the global hydrogen market

Abu Dhabi (Union) The Abu Dhabi National Oil Company “ADNOC” – based on its belief in the promising potential offered by hydrogen and its fuels as new sources of low-carbon energy.. is working on the implementation of many projects and initiatives aimed at taking advantage of the opportunities offered by hydrogen. The UAE and Abu […]

266 matches on the Beach Volleyball World Tour

Dubai (Etihad) The Beach Volleyball World Tour Championship, hosted by Dubai for the first time in the region, was launched by the International Federation, with the support of the Dubai Sports Council, and in cooperation with the Volleyball Federation, and will continue until October 30 at Kite Beach.Forty-eight matches were held on the first day […]

Arada issues sukuk worth 367 million dirhams

Sharjah (Union) Arada issued $100 million (367 million dirhams) of sukuk, following its success last June in issuing its first deal worth $350 million, which was listed on the London Stock Exchange. The sukuk was priced at 99 cents on the dollar with an investment return of 8.386%. The standard five-year RegS Sukuk is rated […]

European stocks rebound after 4 sessions of gains

The pan-European Stoxx 600 index fell on Wednesday, as investors worried about hyperinflation, the possibility of higher interest rates and mixed corporate earnings reports.The index closed down 0.5%, ending a four-session winning streak that was mainly driven by improved hopes for a better-than-expected earnings season and Britain’s reversal of its fiscal policy that caused a […]