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EMPOWER raises over $724 million through its IPO

Emirates Central Cooling Systems Corporation (EMPOWER) has announced that it has successfully completed the book-build and public subscription process for its initial public offering (IPO) and has set the final offer price for its IPO at $0.36 per share, at

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UAE signs agreement with nine Insurance companies for unemployment insurance

The UAE Ministry of Human Resources and Emiratisation (MoHRE) on Wednesday signed an agreement with nine local insurance companies, to launch the framework of the new Unemployment Insurance Scheme, in line with the Federal Decree Law No. 13 of 2022

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Aramco’s income increase 39% YoY to $42.4 billion in Q3

Saudi oil giant Saudi Aramco on Tuesday announced the third quarter financial results ending in September 2022 wherein the company’s income rose 39% YoY to $42.4 billion and the free cash flow increased to a record $45 billion. With this,

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Abu Dhabi’s Bayanat plans to list 22.22% stake on ADX

Bayanat AI, a subsidiary of G42, will offer 22.22% (571.4 million) of its shares through an initial public offering (IPO) and list on the First Market of the Abu Dhabi Securities Exchange (ADX). The company plans to raise $171 million


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