Latest from Banking, Investments, Money, Insurance, Futures, Stock in Abu Dhabi and UAE and Middle East

Banking, Investments, Money and Insurance

Hotpack Global Commissions 2.2 MW Rooftop Solar Project at National Industries Park Facility

The new installation has been dubbed one of the largest rooftop solar projects in National Industries Park, Dubai Dubai, UAE – March 19, 2025: Hotpack Global, the UAE-based leader in sustainable packaging solutions, has successfully completed the installation of a 2.2 MW rooftop solar power system at its cutting-edge manufacturing ......Read More

Wednesday, March 19, 2025

EGA delivers strong financial results and low-carbon growth in 2024

Strong results and record alumina and hot metal production. Building global aluminium recycling business, and laying foundations for low carbon primary growth. Growing sales of CelestiAL solar aluminium. Record Emiratisation rate, and metal sales to UAE customers. Second consecutive year of AED 3.7 billion ($1 billion) dividend to ......Read More

Wednesday, March 12, 2025

Nasdaq 100 and S&P 500 unable to contain the selling

By Daniela Sabin Hathorn, senior market analyst at Capital.com US equity futures started the week on a weaker note, continuing the recent trend of softness. The Nasdaq 100 extended heavy losses from Asian and European trading sessions, shedding nearly 500 points (2.5%) at the US open. Investor sentiment remains fragile as uncertainty ......Read More

Tuesday, March 11, 2025

Global dividends jumped to a record $1.75 trillion in 2024

Global dividends grew to a record $1.75 trillion in 2024, up 6.6% on an underlying basis Headline growth of 5.2% reflected lower one-off special dividends and the stronger US dollar 17 countries out of the 49 in our index saw record dividends, including some of the largest payers such as the US, Canada, France, Japan and China Large ......Read More

Wednesday, March 5, 2025
The Kalyani Group Unveils, first of its kind, the Revolutionary MArG 155mm/45 Cal Mounted Gun System ...

Abu Dhabi, UAE, February 18, 2025 - Kalyani Strategic Systems Limited, a wholly-owned defence subsidiary of Bharat Forge, proudly unveiled the MArG 45, mobile gun system mounted on a 4x4 all-terrain platform, at IDEX Abu Dhabi 2025. The prestigious launch was officiated by H.E. Shri Sunjay Sudhir, Ambassador of India to the UAE, reinforcing ......Read More

Tuesday, February 18, 2025

Panasonic reaffirms commitment to Nigeria, outlines vision for stronger market dominance

Company highlights Japan-quality innovations, sustainability and customer-centric strategies to address the unique needs and preferences of Nigerian market Lagos, Nigeria Panasonic Marketing Middle East & Africa (PMMAF) has unveiled its roadmap to support the company's growth journey in the Nigerian market this 2025 and beyond. With ......Read More

Tuesday, February 4, 2025

ADNOC Distribution Partners with Emerge to Power Abu Dhabi Stations with Solar Energy, Advancing Sus ...

Solar PV panels will be added to more than 100 service stations across Abu Dhabi, intended to avoid more than 13,000 tonnes of CO₂ emissions annually. Milestone marks the second phase of service station solarization program following the successful installation of solar PV panels at 28 service stations in Dubai. Initiative supports ......Read More

Tuesday, January 21, 2025

Al Hilal Bank appoints Jamal Al Awadhi as CEO to spearhead the Bank's growth and innovative leadersh ...

Abu Dhabi, 15 January 2025 Al Hilal Bank, a subsidiary of ADCB Group, has appointed Jamal Al Awadhi as its new Chief Executive Officer to spearhead the Bank’s ambitious growth trajectory and reinforce its position as the UAE’s premier Shariah compliant digital bank. Al Awadhi, a seasoned industry leader and UAE national, brings over ......Read More

Wednesday, January 15, 2025
Masdar Expands Solar and Wind Portfolio in Europe Two Landmark Acquisitions Closed in Iberian Penins ...

Masdar has acquired Saeta Yield and partnered with Endesa S.A. in Spain UAE's clean energy leader has acquired Saeta, an established renewables platform with an operating portfolio of 745MW of predominantly wind assets, and a 1.6GW development pipeline in Spain and Portugal, for an enterprise value of €1.2 billion Masdar is also ......Read More

Tuesday, December 24, 2024

VinFast Takes Time to Think Long-Term Amid the EV Rush

VinFast is setting a new standard for sustainable innovation in the electric vehicle (EV) industry. By prioritizing long-term environmental impact over short-term gains, VinFast is actively addressing the challenges of battery disposal and reuse, positioning itself as a leader in the circular economy. As the world transitions to EVs, ......Read More

Wednesday, December 11, 2024

Mubadala Announces Strategic Investment in Zelis

Abu Dhabi, UAE – December 5, 2024 – Mubadala Investment Company, the Abu Dhabi-based investment company, announced its agreement to purchase a minority stake in Zelis, a leading provider of healthcare technology solutions in the United States. Mubadala Investment Company is the lead investor, alongside a group of investors including Norwest and HarbourVest. Parthenon and Bain Capital remain the majority owners of Zelis. “We are delighted to announce our investment in Zelis, a company whose thoughtful and integrated approach to healthcare payments sets it apart from its peers. Zelis is helping to streamline the US healthcare financial experience which is complex and in ......Read More

Thursday, December 5, 2024

Official Opening of the 2nd Chinese Industrial Products Exhibition 2024 Marks a New Milestone in Chi ...

November 18-19, 2024 | JOCIC Park, KEZAD, Abu Dhabi, UAE Abu Dhabi witnessed a landmark event today with the official opening of the 2nd Chinese Industrial Products Exhibition (CIPE 2024) at JOCIC Park, KEZAD. This premier event, a testament to four decades of China-UAE economic partnership, brought together innovators, investors, and ......Read More

Tuesday, November 19, 2024
Tabreed Releases Financial Results for 9M 2024, with Increased Revenues and Strengthened EBITDA

New customer connections in four countries: UAE, India, Egypt and Oman Company committed to maintaining 'Investment Grade' credit rating Abu Dhabi, United Arab Emirates—15 November 2024: Tabreed, the UAE's leading international district cooling company, has released its consolidated financial results for the first nine ......Read More

Friday, November 15, 2024

Investcorp Capital Delivers Positive First Quarter 2025 Results

Abu Dhabi, 13 November 2024: Investcorp Capital plc (the "Company" or "Investcorp Capital") (ADX symbol: "ICAP"), an investor in private markets and a provider of capital and capital financing services in the alternative investments space, is pleased to announce its first quarter results for the fiscal year 2025 ended 30 September 2024. Highlights: Net profit of $12 million. Capital Financing Services witnessed an increase in activity compared to the same period in the previous fiscal year, with $90 million deployed across asset classes and $151 million of realized Capital Financing Services exposure. Healthy balance sheet with ......Read More

Thursday, November 14, 2024

NMDC Energy announces strong third quarter net profit of AED 402 million following successful IPO

Net profit up 145% year-on-year due to strong operational performance and strategic expansion Third quarter revenues reached AED 3.975 billion, up 110% year-on-year Abu Dhabi, UAE; 23 October 2024: NMDC Energy JCSJ (ADX: NMDCENR), a majority-owned subsidiary of NMDC Group (ADX: NMDC), has reported strong third quarter financial ......Read More

Thursday, October 24, 2024

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Hotpack Global Commissions 2.2 MW Rooftop Solar Project at National Industries Park Facility

EGA delivers strong financial results and low-carbon growth in 2024

Nasdaq 100 and S&P 500 unable to contain the selling

Global dividends jumped to a record $1.75 trillion in 2024

The Kalyani Group Unveils, first of its kind, the Revolutionary MArG 155mm/45 Cal Mounted Gun System ...

Panasonic reaffirms commitment to Nigeria, outlines vision for stronger market dominance

ADNOC Distribution Partners with Emerge to Power Abu Dhabi Stations with Solar Energy, Advancing Sus ...

Al Hilal Bank appoints Jamal Al Awadhi as CEO to spearhead the Bank's growth and innovative leadersh ...

Masdar Expands Solar and Wind Portfolio in Europe Two Landmark Acquisitions Closed in Iberian Penins ...

VinFast Takes Time to Think Long-Term Amid the EV Rush

Mubadala Announces Strategic Investment in Zelis

Official Opening of the 2nd Chinese Industrial Products Exhibition 2024 Marks a New Milestone in Chi ...

Tabreed Releases Financial Results for 9M 2024, with Increased Revenues and Strengthened EBITDA

Investcorp Capital Delivers Positive First Quarter 2025 Results

NMDC Energy announces strong third quarter net profit of AED 402 million following successful IPO