October 4th, 2019 | 0 commentsSiemens, a leading global conglomerate company based in Germany, announced it will launch an internet of things (IoT)-enabled suite of hardware and software technologies for the first time at GITEX Technology Week to be held in Dubai from 6 to 10 October 2019. The IoT-enabled smart office suite has been designed to provide office building...
October 4th, 2019 | 0 commentsSanad Aerotech, the wholly-owned maintenance, repair, and overhaul (MRO) provider for aircraft engines by Mubadala Investment Company, announced it has signed an AED 422 million financing agreement with Mashreq Bank. The bank facilities will be used to carry out Sanad Aerotech’s expansion plans, according to a press release. This comes as...
October 4th, 2019 | 0 commentsJebel Ali Free Zone has cooperated with Emirates Telecommunications Group Company (Etisalat) to showcase 5G technology to a group of officials and employees. The cutting edge technology was demonstrated onboard through an Etisalat-Ericsson co-branded bus for DP World Officials, business leaders, and employees, according to a company state...
October 4th, 2019 | 0 commentsThe Abu Dhabi Securities Exchange (ADX) has closed Thursday’s trading session slightly lower by 0.06% at 5,027.96 points, losing 2.89 points. Trading volume amounted to 41.64 million shares that were exchanged at a turnover of AED 138.64 million through 1,457 transactions. Market capitalisation gained AED 525 million and closed the sessio...
October 4th, 2019 | 0 commentsThe Abu Dhabi Securities Exchange (ADX) announced the listing of Abu Dhabi Global Medium Term Note Programme at a value of $10 billion in three branches as of Sunday, 6 October 2019. All heads of departments in the exchange shall apply this resolution in their respective fields, the ADX said in a statement on Thursday. This resolution sha...
October 4th, 2019 | 0 commentsThe UAE has come in the first place across the Middle East region while ranking the fourth globally in launching the 5G network, the Global Connectivity Index (GCI) showed based on Carphone Warehouse. Globally, the UAE ranked the third in the GCI’s index that measures the Total Connectivity Rating (Most Connected Countries) through four p...
October 3rd, 2019 | 0 commentsMoody's Investors Service, the bond credit rating business of Moody's Corporation, announced it has assigned a senior unsecured rating to the $10 billion three tranche bond issued by the Government of Abu Dhabi at Aa2, with a stable outlook. This rating comes in line with the Aa2 long-term issuer rating of the Government of Abu Dhabi, acc...
October 3rd, 2019 | 0 commentsNasdaq Dubai on Wednesday revealed it has welcomed the listing of a $500 million sukuk as well as a $500 million conventional bond issued by the global port operator DP World. The sukuk and bond were listed on the exchange on 30 September 2019, according to a press release. The Dubai-based trade enabler’s latest sukuk listing highlights t...
October 3rd, 2019 | 0 commentsThe Dubai Financial Market (DFM) closed Wednesday’s trading session in the red territory as the blue-chip stocks were facing selling pressures. The DFM’s general index plunged by 34.62 points, or 1.25%, to 2,744.18 points, its lowest level since 25 August 2019. Trading volume amounted to 97.46 million shares that were exchanged through 2,...
October 3rd, 2019 | 0 commentsThe Abu Dhabi Securities Exchange (ADX) has seen a downward trend in Wednesday’s trading session. The ADX’s general index slipped 23.20 points, or 0.46%, to 5,030.85 points. Trading volume amounted to 54.72 million shares that were exchanged through 2,286 transactions at a turnover of AED 162.74 million. Market capitalisation shed AED 2.9...
