ADS Securities, a leading Abu Dhabi-based forex and commodities trading platform, said it has seen a dramatic increase in the volume of GCC currencies traded within the region.
The main currencies, including the Saudi Riyal, Qatari Riyal,
Gulf Capital, an Abu Dhabi-based private equity firm, plans to exit two more investments in 2012 after selling its stake in Maritime Industrial Services to London-listed Lamprell Plc last month, said its chief executive.
"We are looking at
Abu Dhabi-based Finance House on Wednesday said it has won regulatory approvals to open up 20 per cent of its paid up equity share capital to foreign ownership.
Commenting on the move, Mohammed Wassim Khayata, Finance House Group chief ope
Waha Capital posted a 10.9 per cent drop in first-quarter profit as a restructuring of its leasing business and a consolidation of investments in its aviation business in the fourth-quarter cut into profit.
The Abu Dhabi-listed firm on Mon
Abu Dhabi-based National Takaful Company (Watania) aims to raise Dh82.5 million ($22.46 million), representing 55 per cent of total share capital, through its initial public offering which opens tomorrow (April 18).
Abu Dhabi-based Insurance House, which had recently completed the first post-crisis initial public offering (IPO) in the UAE, plans to offer its insurance services by June.
The company had netted a total of Dh120 million ($32.6 million) fr
Abu Dhabi-owned Invest AD's asset management arm has been buying Egyptian stocks this week as the stock exchange reopened after 7 weeks and stock prices reached attractive levels, the firm's CIO said.
'We reduced our position i
Abu Dhabi-based Insurance House said it is all set to launch the first initial public offering (IPO) in the UAE in over two and a half years, on Sunday.
The company, which aims to offer key services ranging from pe
Advanced Technology Investment Company (ATIC), a specialist investment company created by the government of Abu Dhabi to focus on investments in the advanced technology sector, has been integrated into Mubadala Development Company.