Tag: business
TAQA’s $1.75 Billion Dual Tranche Bonds See Strong Demand
Abu Dhabi National Energy Company, known as TAQA, has successfully issued $1.75 billion in dual-tranche bonds, reflecting robust investor confidence in the energy giant. The bonds, which were launched as two separate offerings of $1 billion maturing in 20...
ADQ Secures $2 Billion in Second Bond Sale This Year
Abu Dhabi Developmental Holding Company (ADQ) successfully completed its second bond issuance of 2024, raising a significant $2 billion. This strategic financial move aims to bolster its investment initiatives and enhance the capital structure as it navig...
Luxury builder Dar Global posts H1 net loss as market conditions shift
Dar Global, the luxury property developer listed on the London Stock Exchange (LSE), has reported a net loss for the first half of 2024. The company, which specializes in high-end residential projects across key markets, highlighted market shifts and fluc...
EU Approves e& Group’s Acquisition of Czech Telecom Assets
Approval has been granted by the European Union for e& Group, a telecommunications conglomerate based in the UAE, to acquire the telecom assets of Czech investment group PPF. This decision marks a significant step in e& Group’s strategy to expand...
Etihad Airways Plans $7 Billion Investment by 2030
Etihad Airways has announced an ambitious plan to invest $7 billion by the year 2030, signaling a significant commitment to enhancing its operations and services. The airline’s CEO, Antonoaldo Neves, emphasized that this financial injection will focus on...
Understanding the Cost of Business Licenses in RAK Free Zone and How It Compares to Other UAE Free Zones
The Ras Al Khaimah Economic Zone (RAKEZ) is among the top free zones within the United Arab Emirates territory. It is a business haven that pulls customers from all countries. RAKEZ provides several types of business Licenses, business premises, and other...
Adnoc Gas Halts Feed-to-EPC Process for LNG Initiative
Adnoc Gas has suspended its feed-to-engineering, procurement, and construction (EPC) contest for a significant liquefied natural gas (LNG) project in Abu Dhabi, a move that has raised eyebrows in the energy sector. This decision comes amid shifting market...
Bidzi forays into the UAE to revolutionise M&A market for SMEs
Mergers and acquisitions within the small and medium-sized enterprise (SME) sector in the UAE are expected to undergo significant transformation, as Bidzi, an emerging player in the digital M&A space, expands its operations into the region. Known for...
Arqaam Capital Gains Saudi CMA Approval for Expansion
Dubai-based Arqaam Capital has secured authorization from the Saudi Capital Market Authority (CMA) to commence operations in Saudi Arabia. This pivotal move is a significant step in the firm’s strategy to broaden its regional footprint, capitalizing on th...
Saudi Savola’s Rump Offering Sees Massive Over-Subscription
Saudi Arabia’s Savola Group has garnered substantial investor interest, with its recent rump offering of shares being oversubscribed by an astonishing 814.2%. This significant oversubscription underscores robust confidence in Savola’s market position and...
Wizz Air Anticipates Significant Growth in Passenger Numbers
Wizz Air, the low-cost carrier, has projected a substantial increase in its passenger traffic for the upcoming year, aiming for a growth rate of 15-20%. This optimistic forecast reflects the airline’s confidence in its expansion strategy and recovery traj...
Abu Dhabi welcomes new era with Mair Group’s investment launch
Mair Group for Strategic Investments has officially launched its operations in Abu Dhabi, marking a significant step in enhancing the UAE’s economic growth and diversification efforts. The newly established venture is poised to drive innovation and strate...
Bapco Energies Offloads Minority Stake in Pipeline to BlackRock
Bapco Energies has completed a landmark transaction by selling a minority stake in its pipeline assets to BlackRock. This deal marks the first significant asset monetization by the Bahraini state oil company, reflecting a strategic shift toward attracting...
Harmony Medical Group: Redefining Dental Care Since 2018
Founded in 2018, Harmony Medical Group has quickly become a leading name in dental care within the UAE, thanks to the visionary leadership of Eng. Anas Assi. Under his guidance, the organization has transformed into a premier destination for dental servic...
Solidarity Secures Approval to Purchase BNH Assets for $200 Million
Solidarity Group, a prominent insurance and investment company in Bahrain, has received approval from its board to acquire two units from Bahrain National Holding (BNH) in a transaction valued at $200 million. This strategic move is set to bolster Solidar...