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NMDC Energy to set up AED 367 mn facility in Kezad + Dubai public beaches get a revamp
NMDC Energy will invest some AED 367 mn (USD 100 mn) into the facility, which is expected to create 3k…
Mashreq kicks off sale of AT1 bonds
The initial price for these notes is expected to be around 7%
The cost of floods on Emirates, passenger traffic growth, Etihad’s IPO, and more from IATA’s annual meeting
Plus: UAE pumped 3.13 mn barrels of oil a day in May
ICD, Binghatti see bottomline growth in 2023
ICD saw its net income hit a fresh record, while Binghatti’s top line more than doubled in 2023
Five Holdings taps banks for 2025 IPO
The company selected Citi and Deutsche Bank to advise on the planned IPO
HSBC launches e-commerce digital payments platform in the UAE
PLUS: Lulu to set up new food processing facility in India
Dubai’s attraction of ultra-wealthy Chinese property buyers is getting ink
Dubai’s residential market is seeing increased activity from Chinese buyers
Samana Developers has a new CSO + Mohamed bin Zayed University of Artificial Intelligence taps ex-Google head. PLUS: Ajman gov’t gets new director-gens
The real estate company has appointed Nima Khojasteh as its new CSO
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