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ADC Acquisition is offering a USD 142 mn capital increase to finance the company’s expansion plans, according to an ADX disclosure. ADC — which is also rebranding as E7 Group — is raising its issued share capital to AED 524.8 mn from AED 499.81 mn by issuing mandatory convertible bonds worth AED 25 mn. These […]
Author Archives: enterpriseam admin
Posted inDEBT WATCH
DP World secures financing for Jeddah Islamic Port container terminal
The funds will go towards deepening berths, improvements to quay walls, and establishing a container yard
Posted inMOVES
GFH appoint new Group CFO
Suryanarayanan Hariharan will replace Srinivasan Rathinam in the role
Posted inUAE IN THE NEWS
UAE in the News on 4 December 2023
COP28 + Telegraph takeover continue to lead coverage
Posted inALSO ON OUR RADAR
UAE, Indonesia enable cross-border payments +
BANKING- Cross-border QR payments with Indonesia will soon be possible: The Central Bank of the UAE (CBUAE) and Indonesia’s central bank inked an MoU last Thursday to introduce the cross-border QR code payments system, Zawya reported. The new system allows bank customers to make seamless payments to businesses in both countries by simply scanning QR […]
Posted inPLANET FINANCE
MBC prices IPO at SAR 23-25 per share, is fully covered in first hour of subscription period
The offered price range values the company at as much as SAR 8.1 bn
Posted inDIPLOMACY
Al Zeyoudi signs CEPA with Colombia, wraps CEPA negotiations with the Philippines
Lots of CEPA agreements: Foreign Trade Minister Thani Al Zeyoudi signed the UAE’s Comprehensive Economic Partnership Agreement (CEPA) with Colombia, marking the “first such bilateral agreement between the Gulf and South America,” Al Zeyoudi said on X. The agreement is set to eliminate or reduce tariffs in multiple supply chains and aims to remove trade […]
Posted inCALENDAR
DECEMBER 30 November-12 December: COP28, Expo City Dubai. 3-10 December (Monday-Sunday): Al Dhafra Book Festival, near Madinat Zayed. 4 December (Monday): Abu Dhabi Sustainability Week (ADSW) summit, Dubai, UAE. 4-7 December (Monday-Thursday): Big 5 Global, Dubai World Trade Centre. 4-7 December (Monday-Thursday): The Big 5 Heavy, Dubai World Trade Centre. 4-7 December (Monday-Thursday): Middle East […]