Daily Archives: March 18, 2024

Business & Investments

Lunate Capital launches first UAE Bond ETF in the UAE and GCC

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Lunate Capital launches first UAE Bond ETF in the UAE and GCC

  • The Chimera JP Morgan UAE Bond ETF will track the J.P. Morgan MECI UAE Investment Grade Custom Index, which includes liquid USD-denominated bonds from the UAE  
  • The ETF will be listed on the Abu Dhabi Securities Exchange and will enable investors to access UAE bonds with a lower investment requirement 

Abu Dhabi, 14 March, 2024: Lunate Capital Limited, an Abu Dhabi-based investment management firm licensed by the ADGM Financial Services Regulatory Authority (FSRA), and subsidiary of Lunate Holding RSC Limited, announced today the launch of the Chimera JP Morgan UAE Bond UCITS ETF (Bloomberg: BONDAE), the UAE and GCC’s first-ever UAE bond Exchange Traded Fund (“ETF”) that will list on the Abu Dhabi Securities Exchange (“ADX”).

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Technologies

Yahsat and e& UAE to bring satellite connectivity to standard smartphones

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Yahsat and e& UAE to bring satellite connectivity to standard smartphones

  • Yahsat’s Direct-to-Device (D2D) strategy aims to enhance global connectivity by directly enabling smartphone users and IoT devices to harness the capabilities of SpaceTech, irrespective of their location
  • The two leading companies join forces to drive global connectivity forward as part of Yahsat’s recently launched D2D strategy – Project SKY

Abu Dhabi, United Arab Emirates, 14 March 2024: Al Yah Satellite Communications Company (ADX: YAHSAT), the UAE’s flagship satellite solutions provider, and e& UAE signed a Memorandum of Understanding (MoU). According to this MoU, e& UAE is set to become the first telecom operator to partner with Yahsat under its Direct-to-Device (D2D) strategy.

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Business & Investments

ADNOC Drilling Receives Shareholder Approval for $358 Million Final 2023 Dividend

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ADNOC Drilling Receives Shareholder Approval for $358 Million Final 2023 Dividend and Reconfirms its AI-Enabled Accelerated Growth Commitments at Annual General Assembly Meeting

Increased final dividend amounts to $358 million (8.22 fils/share) and brings total 2023 dividend to $717 million (16.45 fils/share) representing a 5% year-on-year increase versus 2022.

Company reaffirms its commitment to deliver highly attractive shareholder returns and progressive dividend policy.

Company sets out robust growth strategy for 2024, embracing AI, digitization, and advanced technologies as it capitalizes on considerable growth opportunities.

Continue reading ADNOC Drilling Receives Shareholder Approval for $358 Million Final 2023 Dividend →