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    Arada raises $50m via second tap of existing $450m sukuk

    Arada raises $50m via second tap of existing $450m sukuk

    13 Feb 2023

    Arada has successfully completed the second tap of its $450 million sukuk, which was issued in June 2022 and listed on the London Stock Exchange. The second tap raised $50...

    Empower announces revenues of Dhs2.8 billion

    Empower announces revenues of Dhs2.8 billion

    13 Feb 2023

    Emirates Central Cooling Systems Corporation (Empower) announced its financial results for the fiscal year 2022, with a total revenue of Dhs2.8 billion, and with a remarkable growth of 13.3 per...

    Dewa, Enoc to develop pilot project for the use of hydrogen in mobility

    Dewa, Enoc to develop pilot project for the use of hydrogen in mobility

    13 Feb 2023

    The Dubai Electricity and Water Authority (Dewa) and Enoc signed a Memorandum of Understanding (MoU) to cooperate in a feasibility study to establish, develop and operate a joint integrated pilot...

    Air Arabia posts Dhs1.2b net profit

    Air Arabia posts Dhs1.2b net profit

    13 Feb 2023

    Air Arabia, the first and largest low-cost carrier operator in the Middle East and North Africa, on Monday announced historic financial results for the full year ending December 31, 2022,...

    DIB successfully prices $1 billion Sustainable Sukuk

    DIB successfully prices $1 billion Sustainable Sukuk

    13 Feb 2023

    Dubai Islamic Bank (DIB), rated A3 by Moody’s and A by Fitch successfully priced its second Sustainable Sukuk – a landmark $1 billion 5.5-year senior issue with a profit rate...

    Adnoc Drilling reports $802m net profit, up 33% year-on-year

    Adnoc Drilling reports $802m net profit, up 33% year-on-year

    13 Feb 2023

    Adnoc Drilling Company today announced its financial results for the fourth quarter and full year ending 31st December 2022. It reported $802 million net profit for the twelve-month, up 33...

    Emirates Steel Arkan’s 2022 net profit rises to Dhs508.5m

    Emirates Steel Arkan’s 2022 net profit rises to Dhs508.5m

    13 Feb 2023

    Emirates Steel Arkan, a prominent publicly traded steel and building materials company in the UAE, today announced that its net profit rose to Dhs508.5 million in 2022. The rise in...

    Speakers issue recommendations to support region’s economic growth

    Speakers issue recommendations to support region’s economic growth

    12 Feb 2023

    Gulf Today, Staff Reporter Governments need to build resilience through fiscal policies to bolster economic stability against shocks, speakers told the annual Arab Fiscal Forum hosted at the World Government...

    Over 40 countries exhibit at IPS 2023 in Dubai

    Over 40 countries exhibit at IPS 2023 in Dubai

    12 Feb 2023

    Gulf Today, Staff Reporter The event, which witnessed the participation of more than 120 property exhibitors from more than 40 countries across the globe, was attended by Dawood Al Shezawi,...

    Abu Dhabi Chamber signs three MoUs to support private sector

    Abu Dhabi Chamber signs three MoUs to support private sector

    12 Feb 2023

    Gulf Today, Staff Reporter In line with the launch of the Abu Dhabi Chamber of Commerce and Industry’s (ADCCI) new strategy for the next three years, the Chamber has signed...

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