Press Dossier   By Date  11/01/2022
ADFD makes first investment in Thailand's tourism and hospitality sector
Abu Dhabi Fund for Development (ADFD) has announced a US$104.8 million (AED 385 million) agreement with Minor International Public Company Limited (MINT) to jointly hold shares in five tourist resort assets in Thailand, including Anantara Riverside Bangkok Resort, Avani and Riverside Bangkok Hotel, Riverside Plaza Bangkok, Anantara Layan Phuket Resort and Four Seasons Resort Koh Samui.
ADX, FTSE Russell to create new benchmark indices
The Abu Dhabi Securities Exchange’s (ADX) robust strategy to be recognised as a global exchange was manifested on Tuesday with the announcement of its partnership with FTSE Russell — a wholly-owned subsidiary of the London Stock Exchange Group — to develop co-branded indices, supporting the exchange’s recently launched derivatives market.
New law ensures inclusive education, job opportunities for people with disabilities
A new law issued in Dubai aims to protect the rights of people with disabilities and ensure their inclusion and integration into society. The law also seeks to include people of determination in the process of drafting policies and legislations that concern them or may affect their quality of life.
Saudi National Bank plans Sukuk denominated in US Dollar
The Saudi National Bank plans to issue Islamic bonds, or Sukuk, denominated in US Dollar with the size of the issuance still undetermined, it said in a bourse filing.
Kuwait Gulf Oil Company, Saudi Arabian Chevron to export spare gas from Wafra Joint Operations
The Kuwait Gulf Oil Co. has signed an initial agreement with Saudi Arabian Chevron Co. to export spare gas from the Wafra Joint Operations area.
Saudi ministry system handles 800k requests electronically
In 2021, the Saudi judiciary launched the electronic “Tanfeeth” smart electronic system in all the execution courts in the Kingdom.
What to know before Tadawul’s opening bell on January 11
The Saudi stock exchange was up for the second consecutive day in the previous session, despite nearing 5000 COVID-19 cases in 24 hours.
Saudi mineral wealth could top $1.3 trillion amid Kingdom’s aggressive exploration plan
Saudi Arabia expects its mineral wealth to exceed earlier estimates of $1.3 trillion as the Kingdom plans to triple spending on the exploration of metals over the next three years, said the head of the organization responsible for assessing its geological potential.
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