UAE

The Abu Dhabi Securities Market announced on its website the update of the register of shareholders of the National Bank of Ras Al-Khaimah in the automated clearing management system, by conducting a process of distributing bonus shares of 20% to the shareholders who own the bank’s shares and registering them …

The Abu Dhabi Housing Authority announced new updates to the infrastructure work of 4 projects of the Authority in the Emirate of Abu Dhabi, with completion rates ranging from 11% to 100% for specific stages of each project.               She explained that the percentage …

Abu Dhabi, July 13 / “EIH Ithmaar International Holding PJSC” announced its financial results for the first half of 2023, which showed that it recorded a net profit of 445 million dirhams, compared to about 24 million dirhams during the same period last year. This means an increase in its …

The “Mohammed Bin Rashid City” project, the first district west of Dubai, recorded one billion sales for the second day in a row, exceeding the 1.2 billion dirhams mark, resulting from the sale of 70 plots of land. The total value of sales in the project at the end of …

Sobha Real Estate issued 5NC3 sukuk with a value of $300 million. The company became the second regional issuer of high-yield real estate sukuk to enter the public capital markets in the past few months, in a new indication of the strength of the continued demand for major real estate …

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him, launched, on Wednesday, the “International Program for Qualifying Government Managers” in cooperation with 30 countries around the world. His Highness said via Twitter: “As part of …

Dubai, July 12 / The Federal Authority for Government Human Resources issued a circular to all ministries and federal entities regarding the Hijri New Year holiday in the federal government for the year 1445 AH. The circular stated, “Based on the Cabinet’s decision regarding the official holiday agenda approved for …

Fitch affirmed the long-term foreign currency sovereign credit rating of the Emirate of Abu Dhabi at “AA” while giving it a stable outlook. The classification granted to Abu Dhabi reflects the high per capita GDP and the strength of its financial and external measures. The agency stated that the emirate’s …

The National Elections Committee approved the schedule for the 2023 Federal National Council elections, as the elections begin on October 4 and 5 with early voting in specific and remote polling centers, and on October 6 early remote voting, provided that the main election day will be on October 7 …

The National Center of Meteorology expected Tuesday’s weather to be fair to partly cloudy, and dusty at times. Low clouds will appear on the eastern coast, with the chance of some cumulonimbus clouds forming, and the possibility of rain in the east and south in the afternoon. It will become …