Friday 22 November 2024
 
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United Arab Emirates

Taqa eyes 'distressed energy firms'

Abu Dhabi National Energy Company is eyeing acquisitions under $1 billion in energy companies struggling to cope with the global financial turmoil, the chief executive told Reuters. The company, which owns power plants in the United Arab E

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UAE eases rules on share buybacks

The United Arab Emirates cabinet has authorised the bourse regulator to ease restrictions on share buybacks in an effort to boost stocks after weeks of declines, the official WAM news agency said on Monday. It said the move was meant to sh

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