Category Archives: Buying & Selling

OPEC considers market prospects for Q4- 2020, into 2021

VIENNA: The 22nd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Thursday 17 September 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair Alexander Novak, Minister …

AED43.13 bn dividends distributed by ADX, DFM on behalf of listed companies

ABU DHABI: To the tune of AED43.13 billion in cash dividends for 2019 have already been paid out by Abu Dhabi Securities Exchange and Dubai Financial market to more than 700,000 investors on behalf of the companies listed in the …

India’s space sector now open for private business

From Krishnan Nayar NEW DELHI: India has thrown open its space activities and facilities to the private sector, Dr Jitendra Singh, the Minister of State in the Department of Space, told the upper House of Parliament, Rajya Sabha, today.

This …

NMDC awarded AED600 million contract in Egypt

ABU DHABI: The National Marine Dredging Company (ADX: NMDC) announced today that it has been awarded an AED600 million contract for the expansion of Lake Manzala in northeastern Egypt.
The company disclosed the value of the award in a letter …

ADNOC Successfully Completes USD 1 Billion Institutional Placement of ADNOC Distribution Shares

Abu Dhabi, UAE, Abu Dhabi National Oil Company (“ADNOC” and, together with its subsidiaries, “ADNOC Group”), announced today that it has successfully completed a placement to institutional investors of 1.25 billion shares in Abu Dhabi National Oil Company for Distribution …