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November 2, 2022

Alpha Dhabi acquires 25% of Gordon Technologies for AED602mn

ABU DHABI, Alpha Dhabi Holding PJSC (Alpha Dhabi) announced that it has acquired a 25 percent stake in Gordon Technologies, a leading provider of MWD (Measurement While Drilling) technology to the oil and gas industry for AED 602 million.Chimera Capita…

CBUAE raises Base Rate by 75 Basis Points

ABU DHABI, The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 75 basis points – from 3.15% to 3.90%, effective from Thursday, 3 November 2022.This decision was taken following th…

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