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Massar plans 40pc stake sale, Abu Dhabi listingUAE-based Massar Solutions, a market leader in fleet solutions, plans to sell 240 million shares in the company, amounting to 40 per cent of the share capital and to apply for listing of shares on Abu Dhabi Securities Exchange (ADX). More… |
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ADX lists Abu Dhabi government bondsAbu Dhabi Securities Exchange (ADX) has listed the first set of government bonds worth $1.5 billion in assocation with Abu Dhabi’s Department of Finance (DOF), said a report. It aims at building a bond market operating under More… |
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ADX achieves 99pc disclosure complianceAbu Dhabi Securities Exchange (ADX) said the listed companies have shown a 99 per cent compliance in disclosing their annual financial statements within the deadline of 90 days from the end of the financial period. The Abu Dhabi b More… |
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UAE bourses must unify back offices: ADXStock markets in the UAE should unify their back office operations and processes for settlement and regulation, the chief executive of the Abu Dhabi Securities Exchange (ADX) said on Sunday. Last year Abu Dhabi and neighbouring Du More… |
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Menacorp opens new ADX officesUAE-based investment bank Menacorp has opened its new offices at the Trading Floor of the Abu Dhabi Securities Exchange (ADX) at Al Gaith Tower. The new offices’ Customer Service and Trading Desk will expand the bank’s More… |
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UAE revives proposal to merge stock exchangesThe United Arab Emirates has revived a proposal to merge its two main stock exchanges in a state-backed deal that could boost trade in the local market and attract more foreign investment to the Gulf state, sources familiar with the plan said. More… |
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Insurance House gets listed on ADXInsurance House, a leading Abu Dhabi-based insurance firm, has been listed on the Abu Dhabi Securities Exchange (ADX) and has launched its operations through ADX under the ticker symbol “IH”. Rashed Al Baloushi, deputy CEO, and director of More… |
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ADCB hits 32-month high, UAE markets upAbu Dhabi Commercial Bank hit a near 32-month high after it said it will sell its shares in Malaysian lender RHB Capital, helping lift the index to a five-month high. ADCB, up 1.9 percent, will sign a deal on Friday with Aabar Investments More… |
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UAE bourse merger 'unlikely before 2011'A potential merger between the United Arab Emirates' two main bourses is unlikely before 2011 but would be good for traded UAE companies, the chief financial officer of the region's largest listed builder said on Monday. "I don't think you More… |
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Mubadala aims to sell stake in local firmsAbu Dhabi government-owned Mubadala Development Company plans to sell its ownership stake in local companies by offering shares to public, the National newspaper said, citing a top executive from the investment firm. State-controlled Mubad More… |
