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Currency News

UPDATE 1-UAE's ADNOC to sell at least 10 pct of fuel distribution business in IPO

13 Nov 2017 03:22Kitco News
ABU DHABI/DUBAI, Nov 13 (Reuters) - Abu Dhabi National Oil Company (ADNOC) aims to sell at least 10 percent of its fuel distribution unit in an initial public offering in Abu Dhabi, as Gulf states step up plans to privatise energy assets in an era of ... more

Emaar Properties Eyes $1.5B IPO Of Development Division

02 Nov 2017 13:22Law360
Law360, Minneapolis (November 2, 2017, 2:20 PM EDT) -- Dubai, United Arab Emirates-based Emaar Properties PJSC, the developer of the world's tallest tower, announced Thursday it is seeking to raise as much as $1.5 billion with an initial public ... more

UPDATE 1-Etisalat posts $653 mln third-quarter profit as costs decline

25 Oct 2017 09:03Reuters
DUBAI, Oct 25 (Reuters) - Etisalat, the United Arab Emirates-based telecom group, reported a 29 percent increase in third-quarter net profit as capital expenditure and staff costs declined. more

Etisalat third quarter profit rises 29 pct

25 Oct 2017 07:16Reuters
DUBAI, Oct 25 (Reuters) - Etisalat, the United Arab Emirates-based telecom operator, reported a 29 percent increase in third quarter consolidated net profit on Wednesday. more

WGES 2017: Dubai's National Bonds signs $653 mln deal to finance clean energy ...

24 Oct 2017 10:08ZAWYA
Dubai Electricity and Water Authority (DEWA) on Tuesday announced signing an agreement with National Bonds to set up a 2.4 billion UAE dirham ($653.4 million) green fund at the World Green Economy Summit (WGES) that opened in Dubai today. more

Jewel in Dubai's Property Crown Set to End UAE's IPO Drought

22 Oct 2017 03:15Bloomberg
Emaar's U.A.E. development's adjusted net asset value is 24.1 billion dirhams as of September, the company said in an emailed statement on Sunday. more

Trio caught smuggling foreign currency worth ?69 lakh in their rectums at ...

09 Oct 2017 02:30Hindustan Times
The officials recovered 85,000 Euros, 7,100 US dollars and 905 United Arab Emirates Dirham, collectively worth Rs68.64 lakh. more

UK lauds Dubai for deporting Britain's most wanted tax fugitive

19 Jul 2017 07:56Xinhua
DUBAI, July 19 (Xinhua) -- The British Embassy in Abu Dhabi, United Arab Emirates (UAE), on Wednesday hailed Dubai authorities for their role in returning one of Britain's "most wanted tax fugitives. more
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