Abu Dhabi Islamic Bank’s (ADIB) Dh504 million ($137.2 million) rights offer is set to begin on August 23 and will go on till September 10.
This follows ADIB’s recent approval of its capital raising plan by way of a rig
Oil futures dipped on Friday after Saudi Arabia said it was ready to raise output further to meet strong demand.
US crude prices hit a high of $61.82 a barrel earlier this week, their strongest since May 6, as firm demand and a st
Facebook raised wages for its contract workers, such as cafeteria staff and janitors, to a minimum of $15 per hour amid rising tension over the wage gap between the technology sector's elite and the lower-paid workers.
British luxury carmaker Aston Martin has raised 200 million pounds ($307 million) in an equity issue, backed by its major shareholders, to fund its expansion into crossovers.
The 102-year old company, James Bond's carmaker of
Saudi Company for Tools and Hardware (Saco), a popular do-it-yourself (DIY) chain in the kingdom, has set the price for its 30 per cent initial share sale at SR70 ($18.70) each, a statement from the company's financial adviser said on Thursd
Bahrain-based Ahli United Bank (AUB) Group may raise $4 billion in bonds, loans or any other similar subordinated financial instruments, following shareholder approval for the proposal, it has emerged.
The election of Hamad Al Hum
Scientists using the Hubble Space Telescope have confirmed that the Jupiter-orbiting moon Ganymede has an ocean beneath its icy surface, raising the prospects for life, Nasa said on Thursday.
The finding resolves a mystery about t
Top oil exporter Saudi Arabia is expected to raise the official selling price (OSP) for most of its crude grades to Asia in April, including a hike in the OSP for Arab Light to a four-month top, in line with a stronger Dubai market.
Walmart Stores, long criticised for its low wages and employee benefits, said it would spend more than $1 billion to increase pay for half a million US employees this year.
The increase announced by the largest private sector empl
Companies in the Middle East and North Africa (Mena) region have raised $11.5 billion last year, through 27 initial public offerings (IPOs), nearly four times more than the $3 billion in 2013, according to a report.
The Ernst &