Tag: UAE Business News
ADNOC Distribution shareholders approve 7.5% dividend raise
UAE’s largest fuel and convenience retailer, ADNOC Distribution has stated that its shareholders have approved a proposal to increase the company's dividend by 7.5...
Mubadala plans to acquire NMC hospital business
Abu Dhabi state-owned sovereign wealth fund Mubadala Investment Company is reportedly considering purchasing NMC Health’s core hospital business, becoming yet another suitor for the...
UAE’s Emirates Global Aluminum had a strong 2020 despite COVID-19
One of the world’s largest aluminum producers, Emirates Global Aluminium (EGA) has delivered a strong 2020 result despite one of the most difficult years...
India’s PolicyBazaar raises $75mn to fund Middle East expansion
India-based online insurance marketplace PolicyBazaar has raised $75 million to fund its UAE and Middle East expansion plans. This investment is the largest financing...
UAE banking sector in recovery track; Liquidity back to 2019-level
The Central Bank of the UAE (CBUAE) last day revealed that the liquidity of the UAE's banking system has returned to pre-COVID-19 levels as...
DP World-SMS Group JV completes first 10,000 container moves at Dubai...
In a significant milestone in its collaboration with German industrial engineering specialist SMS group, Dubai-based Emirati multinational logistics company, DP World completed the first...
Dubai’s Nakheel plans to sell its district cooling assets
UAE-based leading property developer, Nakheel is reportedly considering the sale of its district cooling assets, as real estate firms in the country sell assets...
Dtec, OQAL join to enhance venture investment for startups in GCC
Dubai Technology Entrepreneur Campus (Dtec), the largest tech hub in the MENA region signed a memorandum of understanding (MoU) with OQAL Angel Investors Network,...
