Page 38 - Commodities Authority News Today

DUBAI: Dubai government-owned road-toll operator Salik, which priced its initial public offering at 2 dirhams ($0.54) saw all its offered shares bought over by investors within hours of its opening on Tuesday. The Dubai-based firm has offered 1.5 billion shares, or 20 percent stake, on the Dubai Financial Market as it looks to raise $817 million. Individuals and eligible Salik

The price for the Offering has been set at Dhs2.0 per share. The total Offering size is expected to be Dhs3 billion (US$817 million), implying a market capitalisation at listing of Dhs15 billion ($4 billion), a company statement said on Tuesday.

This article reviews the need-to-know features of the legal and regulatory frameworks governing virtual currencies in United Arab Emirates, with particular regard to applicable securities and banking laws.

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

Rebound, a subsidiary of International Holding Company, today celebrated the launch of Rebound Plastic Exchange (RPX), a global B2B digital trading platform for recycled plastics.

DUBAI: Dubai plans to sell a 20 percent stake in toll operator Salik through an initial public offering as part of its efforts to double the size of its financial market and attract foreign investors. The emirate seeks to offer 1.5 billion shares at a nominal value of AED0.01 in the road-toll collection system, Salik announced on Monday. Subscriptions will open on Sept. 13 and

Decision to come into effect on September 6

The UAE is the first country in the region and the second in the world to issue binding legislation for women’s representation on boards of directors in government i...

Abu Dhabi is set to launch its new strategy for blockchain and virtual assets, which is mainly aimed at regulating blockchain and virtual asset activities to comply with global anti money laundering and terror funding rules and regulations.

Sheikha Manal says Gender Balance Council's achievements enable the UAE to solidify its position among the world’s leading countries