Category Archives: Business & Investments

Business & Investments

ADGM 2024 Growth Outlook

Leave a comment

ADGM 2024 Growth Outlook: Over 70% of Companies in ADGM Plan Workforce Expansion in 2024

  • Asset Management poised to take the lead, as respondents recognise its significant growth potential.
  • Nearly 97% of business leaders show strong support for recommending ADGM.
  • A total of 70.81% of companies anticipate expanding their workforce in ADGM during 2024.
  • The robust regulatory environment acknowledged as the cornerstone of ADGM’s competitive edge.

Abu Dhabi, UAE, 20th March 2024: Abu Dhabi Global Market (ADGM), the international financial centre (IFC) of Abu Dhabi, stands as a testament to the vision and ambition that drive the United Arab Emirates (UAE) and the wider region’s economic landscape. A recent comprehensive survey conducted among the ADGM community offers a window into the promising outlook for ADGM in 2024.

Continue reading ADGM 2024 Growth Outlook →
Business & Investments

Al Ansari Financial Services Approve AED 300 Million Cash Dividend for H2 2023

Leave a comment

Al Ansari Financial Services Approve AED 300 Million Cash Dividend for H2 2023 At Its Annual General Assembly Meeting

UAE – 20 March 2024: Al Ansari Financial Services PJSC (DFM: ALANSARI), (the “Company”), one of the leading integrated financial services groups in the UAE, held its Annual General Assembly Meeting at the Sheraton Mall of the Emirates hotel in Dubai, to consider and approve key resolutions.

Continue reading Al Ansari Financial Services Approve AED 300 Million Cash Dividend for H2 2023 →
Business & Investments

Network International leverages Mastercard’s AI-powered Brighterion solution to protect over 60,000 merchants from fraud

Leave a comment

Network International leverages Mastercard’s AI-powered Brighterion solution to protect over 60,000 merchants from fraud

Dubai, UAE; 20 March 2024:  Network International, the leading enabler of digital commerce across the Middle East and Africa, has extended the benefits of Mastercard’s Brighterion fraud prevention solution, powered by artificial intelligence (AI), to over 60,000 merchants. The two partners are leveraging the cutting-edge technology to protect and grow the payments industry by providing transaction fraud screening and merchant monitoring services to merchant acquirers and businesses.

Continue reading Network International leverages Mastercard’s AI-powered Brighterion solution to protect over 60,000 merchants from fraud →
Business & Investments

Tabreed Celebrates its Most Successful Year and Approves New Record High Dividend Payment for FY 2023

Leave a comment

Tabreed Celebrates its Most Successful Year and Approves New Record High Dividend Payment for FY 2023

  • Annual General Assembly also confirms new appointment to Board of Directors

Abu Dhabi, United Arab Emirates – 20 March 2024: Tabreed, the UAE’s leading international district cooling company, yesterday held its Annual General Assembly (AGA), during which shareholders approved a record high dividend payment of 15.5 fils per share, paid fully in cash. As disclosed in the company’s recent full-year results for 2023, this represents an increase of 15% over the previous year and recognises Tabreed’s strong financial performance. During 2023, Tabreed reported a growth of 9% in revenue and an increase of 25% in net profit before tax to parent.

Continue reading Tabreed Celebrates its Most Successful Year and Approves New Record High Dividend Payment for FY 2023 →
Business & Investments

Abu Dhabi Securities Exchange (ADX) partners with Eureeca

Leave a comment

Abu Dhabi Securities Exchange (ADX) partners with Eureeca to expand access to its IPOs for International Investors through Eureeca’s Global Digital Investment Platform

  • In a pioneering first initiative, the ADX-Eureeca collaboration will offer international investors compliant and user-friendly access to ADX IPOs. This endeavor aims to enhance international investor engagement on ADX whilst also expanding Eureeca’s offerings by including ADX IPOs.

  • ADX’s collaboration with Eureeca capitalises on the Exchange’s robust e-IPO investor portal, highlighting its commitment in simplifying the IPO investment process while leveraging Eureeca’s multinational regulatory framework and advanced technology with the aim of improving access to ADX IPOs for regional and international investors.
Continue reading Abu Dhabi Securities Exchange (ADX) partners with Eureeca →