REPORT BASED ON PRESS RELEASE : 02 Nov 2023 by ADX Abu Dhabi Securities Exchange (ADX) and HSBC Bank Middle East Limited (HSBC) have joined forces in a pioneering regional collaboration to develop digital fixed-income securities, marking a significant milestone in the Middle East’s capital market landscape. This innovative initiative harnesses ADX’s expertise as the…
BASED ON PRESS RELEASE: BY CHAE ON NOV 01, 2023 FUND OVERVIEW Chimera S&P UAE UCITS ETF – Accumulating (CHAE) Investment Objective:CHAE is an exchange-traded fund designed to closely track the performance of the S&P UAE BMI Liquid Capped 20/35 Index. It provides investors with exposure to the United Arab Emirates equity markets, allowing for…
Market Update: Key Developments in the UAE Stock Market 1. Weekly Performance Recap:The Abu Dhabi Securities Exchange (ADX) experienced a slight decline of 0.4% last week, as investors exercised caution amidst heightened regional tension. However, some stocks, including Burjeel, Palm Sports, CBI, Sharjah Cement, and ESG, demonstrated strong performance. 2. Financial Highlights: 3. Market Movements…
PRESS RELEASE : 28 Sep 2022 Abu Dhabi Securities Exchange (ADX) and Muscat Securities Market (MSX) Strengthen Partnership In a significant move towards fostering closer ties and exchanging experiences, the Abu Dhabi Securities Exchange (ADX) and the Muscat Securities Market (MSX) have signed a memorandum of understanding (MOU). The MOU, signed during the visit of…
Abu Dhabi, UAE – October 04, 2023: Driving Toward Sustainability: ADNOC Distribution’s Latest Biofuel Initiative In a significant move toward environmental sustainability, ADNOC Distribution, the UAE’s largest fuel and convenience retailer, has announced a groundbreaking initiative to power its heavy vehicle fleet with B20 biofuel. This innovative step aims to achieve a 15% reduction in…
ADNOC Distribution Announces Interim Dividend for 2023: A Testament to Growth and Commitment to Shareholders Abu Dhabi, UAE – September 26, 2023: ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE’s leading fuel and convenience retailer listed on the Abu Dhabi Securities Exchange (ADX), has declared an interim dividend of $350 million (AED1.285 billion) for the…
Press Release: ADNOC Distribution Expands Presence in Egypt: Unveils Three New Service Stations Abu Dhabi, UAE – September 23, 2023: ADNOC Distribution (ADX: ADNOCDIST), the UAE’s leading fuel and convenience retailer, continues its strategic expansion into international markets with the inauguration of three ADNOC-branded service stations in Egypt. Positioned strategically across Greater Cairo, these stations…
*MoU will lead to enhanced payment services in the UAE Press release: In a move set to revolutionize the financial technology sector, Beyon Money, a part of the Beyon Group, and MBME Pay, a leading payment service provider, have inked a Memorandum of Understanding (MOU) aimed at streamlining payment processes and enhancing customer convenience. The…
9M’23 Net profit at AED 209 Million, up 76% YoY3rd quarter Net profit increases 35% sequentially Press release: United Arab Bank (UAB) Reports Strong Financial Performance for 9M’23 United Arab Bank (UAB) has announced robust financial results for the nine months ending on September 30, 2023, showcasing continued growth across its core businesses and the…
GFH Financial Group Expands Healian Healthcare Platform with Strategic Acquisition in Saudi Arabia GFH Financial Group (“GFH”), a leading financial group, has announced the expansion of its flagship regional healthcare platform, Healian, with the acquisition of a 60% equity stake in one of the largest hospitals in the South of the Kingdom of Saudi Arabia….