June 8, 2023

Razan Al Mubarak calls for decisive action on climate change during the Bonn Climate Change Conference.

During the Bonn Climate Change Conference, Razan Al Mubarak, an influential environmentalist and leader in sustainability, delivered a powerful call to action, urging global leaders to take decisive steps in combating climate change.

June 8, 2023

ADX and the Luxembourg Stock Exchange have signed a MoU.

Abu Dhabi Securities Exchange (ADX) and the Luxembourg Stock Exchange (LuxSE) have joined forces to strengthen their collaboration and create new opportunities for growth and sustainable economic development.

June 8, 2023

Razan Al Mubarak Calls for Robust Voluntary Climate Actions at Bonn Climate Change Conference

Razan Al Mubarak, the UN Climate Change High-Level Champion for the COP28 Presidency, has urged the private sector, local governments, and civil society to undertake more robust voluntary climate actions during the Bonn Climate Change Conference.

June 8, 2023

The OECD has revised its global GDP growth forecast, modestly increasing it to 2.7%.

In its latest Economic Outlook report released on Wednesday, the Organisation for Economic Co-operation and Development (OECD) announced a modest upward revision in its growth forecast for the world economy.

June 7, 2023

The price of Kuwaiti oil has experienced a decrease of US$2.15, falling to US$76.03 per barrel.

In a recent development, the price of Kuwaiti oil has witnessed a decline, dropping by US$2.15 to reach US$76.03 per barrel on Tuesday. This news comes from the Kuwait Petroleum Corporation (KPC), which released the information on Wednesday. The decrease in oil prices highlights the volatility and ever-changing nature of the global oil market. According […]

June 7, 2023

The CBUAE has revoked the registrations of Seagull Insurance Services Co. and Al Shorafa Insurance Services.

In a move to uphold the integrity and transparency of the insurance industry and the UAE’s financial system, the Central Bank of the UAE (CBUAE) has announced the cancellation of registrations for Seagull Insurance Services Co. and Al Shorafa Insurance Services from the insurance broker register

June 7, 2023

The SCA in the UAE has announced that companies issuing green bonds in 2023 will be granted a waiver on registration fees.

According to the Securities and Commodities Authority (SCA) in the UAE, companies that issue green bonds in 2023 will be granted an exemption from registration fees.

June 7, 2023

Retail investors show strong demand of 1.39 billion riyals for Jamjoom Pharma’s IPO.

Jamjoom Pharmaceuticals Factory Company’s initial public offering (IPO) in Saudi Arabia has attracted significant interest from retail investors

June 7, 2023

NEOM has secured a funding of $5.6 billion to embark on the development of the initial phase of residential communities.

Developmental work is progressing rapidly at NEOM, the futuristic city in Saudi Arabia, as the giga-project has recently concluded contracts valued at SR21 billion ($5.6 billion) to construct the initial phase of residential communities for its workforce.

June 7, 2023

Mawani has signed an agreement with Saudi Post to bolster logistics development in the region.

Saudi Arabia’s logistics sector received a significant boost as Mawani, the country’s port authority, signed a strategic agreement with Saudi Post.

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