Category Archives: Business & Investments

Business & Investments

Dubai CommerCity records unprecedented growth in its digital trade operations throughout 2023

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Dubai CommerCity records unprecedented growth in its digital trade operations throughout 2023

  • A 158% surge in completed orders through its digital trade platform.
  • A 56% increase in the volume of goods handled via its online portal, DCC Way.
  • A 92% growth rate in freight shipments from distribution centres.
  • Abdulrahman Shahin, ‘The expansion of Dubai CommerCity’s operations underscores Dubai’s status as a global hub for the digital economy.’
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Business & Investments

du and Samsung announce three-year partnership to expand business and services

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du and Samsung announce three-year partnership to expand business and services

Strategic collaboration to focus on B2C and B2B segments, including digital service offerings, marketing collaborations, workshops, and event participation.

Dubai, UAE, 15 March, 2024: du, from Emirates Integrated Telecommunications Company (EITC), today signed a strategic a Memorandum of Understanding (MoU) with Samsung. This collaboration marks a significant milestone in the companies’ relationship, allowing for expansion in the business-to-consumer (B2C) and business-to-business (B2B) segments.

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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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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 →