Category Archives: Business & Investments

Business & Investments

NMDC Group’s IPO of NMDC Energy 14x oversubscribed within Day 4

  • NMDC Group offering 1.15 billion shares in NMDC Energy at AED 2.8 per share
  • IPO continues to receive widespread interest from investors for fourth consecutive day and following the weekend
  • Subscription period closes on Wednesday, 4 September 2024
  • Intention to list NMDC Energy (formerly NPCC) on ADX on Wednesday, 11 September 2024

Abu Dhabi, UAE: 02 September 2024 – NMDC Group – P.J.S.C. (ADX: NMDC), a leader in engineering, procurement, construction, and marine dredging, announced today that the Initial Public Offering (“IPO” or “Offering”) for 1.15 billion shares (“Offer Shares”) in its wholly owned subsidiary, NMDC Energy – P.J.S.C. (“NMDC Energy”) has been oversubscribed 14 times by day four of its subscription period following the weekend, and will close on Wednesday, 4 September 2024. NMDC Group’s shares, listed on ADX, have jumped more than 9 percent to its highest level since March today.

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Business & Investments

PayerMax to Present Innovative Digital Payment Solutions at 24 Fintech 2024

PayerMax’s Partner, COO, Essay Zhu, will attend a discussion on how PayerMax is leading the future payment solutions inline with evolving preferences of global consumers and demands of Saudi consumers

Riyadh, Saudi Arabia 2 September 2024 : PayerMax, a leading global provider of payment solutions, today announced its participation in the 24th Fintech event to showcase its unique position in bolstering the digital economy of the Kingdom, in line with the Saudi Vision 2030. Slated for September 3-5, 2024, at the Riyadh Front Exhibition and Conference Center, PayerMax’s participation will emphasize their alignment with the Kingdom’s digital aspirations and their contribution to the burgeoning market potential for digital transactions in Saudi Arabia.

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Business & Investments

ADIB Achieves AA ESG Rating Upgrade from MSCI

ADIB has received an MSCI ESG Rating of AA in 2024, up from A in 2023, making it the only bank in the GCC region to achieve this rating in 2024 as of date

Abu Dhabi, UAE: 2 September 2024: Abu Dhabi Islamic Bank, a leading Islamic financial institution, has received an upgrade in its Environmental, Social, and Governance (ESG) rating from MSCI, a leading global provider of ESG indexes. ADIB’s rating has been elevated to AA (on a scale of AAA-CCC) from A in the annual MSCI update.

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Business & Investments

أقدموأهم معرض في الشرق الأوسط يفتتح أبوابه غداً 3 سبتمبر ويرحب بالزوارفي مركزدبي التجاري العالمي

أقدم وأهم معرض في الشرق الأوسط يفتتح أبوابه غداً 3 سبتمبر ويرحب بالزوار في مركز دبي التجاري العالمي

النسخة الثانية عشرة من  معرض الورق “بيبر أرابيا 2024” تركز على الاستدامة وتقليل الانبعاثات

 ويناقش تقليل البصمة الكربونية لتحقيق أهداف” صفر انبعاثات “التي تدعو إليها حكومات المنطقة

الإمارات العربية المتحدة، دبي،2 سبتمبر 2024: تستعد النسخة الثانية عشرة من معرض  الورق “بيبر أرابيا 2024″ أقدم وأهم معرض للأعمال بين الشركات في الشرق الأوسط  للتركيز على الاستدامة، حيث يبرز المشاركون أهمية تقليل البصمة الكربونية للصناعة في دعم مبادرات” صفر انبعاثات”

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Business & Investments

iACCEL GBI Announces Strategic Partnership with Angels Den to Expand Startup Ecosystem into the UAE

02ND September,2024, Dubai, United Arab Emirates: iACCEL GBI, a leading go-to-market accelerator supported by the Dubai government, today announced its strategic partnership with Angels Den Funding, Europe’s largest angel-led finance platform. This collaboration marksiACCEL GBI’sentry into the UK and Europe.

Established in 2023 with support from Dubai SME and Hamdan Innovation Incubator (Hi2), iACCEL GBI offers extensive support to startups entering the UAE and Middle East, leveraging a growing network of over 400 industry experts who work closely with these startups. Founded in 2007, Angels Den Funding has evolved from an online platform into a powerful network of over 21,000 investors. This partnership marks a key milestone for iACCEL GBI in expanding its influence across the European region.

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