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ADQ, Chimera Investments partner to launch UAE’s first SPAC on ADX

12 Apr 2022

ADQ, an Abu Dhabi-based investment and holding company, and Chimera Investments, an Abu Dhabi-based private investment firm managing a diversified portfolio of listed and unlisted equities on both local and...

Abu Dhabi Global Market grants In-Principle Approval for Binance

10 Apr 2022

Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, has received its In-Principle Approval (IPA) for a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu...

Abu Dhabi records 21.5% growth in new economic licences in 2021

08 Apr 2022

The Emirate of Abu Dhabi saw the issuance of 25,427 new licenses, an increase of 21.5 per cent compared to the 2020 figure of 20,925, according to the 2021 Business...

EDB contributes Dhs1.91 billion to UAE’s GDP growth last year

03 Apr 2022

Emirates Development Bank (EDB) has announced record growth over the past 12 months. The bank has made a Dhs1.91 billion contribution to the UAE’s GDP growth in 2021 through direct...

ADGM briefs Israeli investors on Abu Dhabi’s business potential

02 Mar 2022

Abu Dhabi Global Market (ADGM), the leading international financial centre, on Wednesday hosted a delegation of high-profile business leaders from Israel, as the two countries continue to explore bilateral growth...

UAE and OFID discuss enhancing working relations, joint cooperation

01 Mar 2022

Younis Haji Al Khoori, Undersecretary of Ministry of Finance (MoF) on Tuesday met with Dr Abdulhamid Alkhalifa, Director-General of the Opec Fund for International Development (OFID) at MoF’s headquarters in...

ADX’s market liquidity jumps five-fold in 2021 amid IPO boom

21 Feb 2022

Abu Dhabi Securities Exchange (ADX)’s market liquidity jumped five-fold in 2021 amid an IPO boom. Traded values (buy + sell) on the exchange increased 407 per cent from Dhs145 billion...

Abu Dhabi and Cuba to enhance trade and economic cooperation

18 Feb 2022

Abdullah Mohamed Al Mazrouei, Chairman of Abu Dhabi Chamber of Commerce and Industry (ADCCI), and Antonio Carricarte Corona, President of the Chamber of Commerce of the Republic of Cuba, discussed...

Abu Dhabi registers realty transactions of Dhs71.5 billion in 2021

18 Feb 2022

Abu Dhabi has registered real estate transactions of Dhs71.5 billion in 2021, a report by the Department of Municipalities and Transport (DMT) - Abu Dhabi, showed on Friday. This represents...

ADIO expands Abu Dhabi’s economy with Dhs1b now allocated to 37 firms

12 Feb 2022

The Abu Dhabi Investment Office (ADIO) has kicked off 2022 with three new Innovation Programme partnerships, bringing total incentives awarded to date to Dhs1 billion ($272 million). Fairwater Capital, Frontera...

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