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Alef’s shares ended the day down 12.59%
Author Archives: enterpriseam admin
Posted inENERGY
Adnoc reaches final investment decision + awards USD 5.5 bn contract for Ruwais LNG project
The company plans to start exporting from the Ruwais site in 2028
Posted inM&A WATCH
Multiply’s Omorfia takes over Sisters and N.Bar owner The Grooming Company
Omorfia now holds a total of 132 beauty salons across five markets
Posted inECONOMY
CBUAE holds rates steady
The central bank maintained its overnight deposit rate at 5.40%
Posted inBanking
Gross bank assets reach AED 4.25 tn in March -CBUAE
Gross credit expanded with a 1.1% rise in domestic credit and a 5.3% increase in foreign credit
Posted inBanking
CitiBank and Emirates NBD launch 24/7 USD clearing service in the UAE and Saudi
The service will facilitate USD cross border payments 24/7 daily
Posted inSTARTUP WATCH
Now Money raises USD 4 mn in equity round
The money will be used to to scale up its operations and enhance its technology product offerings
Posted inMOVES
GulfNav appoints new vice chairman
GulfNav also appointed a new executive board member
Posted inUAE IN THE NEWS
The UK’s wealthy are flocking to Abu Dhabi to protect their assets
Bloomberg is spotlighting Abu Dhabi as a “magnet” for the world’s wealthiest