Abu Dhabi National Energy Company, also known as Taqa, has completed the sale of its stake in Tesla Motors for Dh415 million.
The company also said it plans to acquire a 50 per cent interest in an independent power project in the Kurdish region of Iraq, according to a statement to the Abu Dhabi bourse website.
Elsewhere on the bourses, Emaar Properties, the real estate development company, has published its candidates for membership of its board of directors for shareholders to vote on at the upcoming annual general meeting.
The list in full is available on the Dubai stock exchange. Emaar stock fell 0.31 per cent to Dh3.24 in early trading.
Financials weighed on the Abu Dhabi Securities Exchange General Index this morning. Insurance House was down 2.06 per cent. First Gulf Bank fell 0.72 per cent.
Abu Dhabi Commercial Bank was 0.61 per cent lower. National Bank of Abu Dhabi fell 0.46 per cent. The falls helped take the benchmark index down 0.05 per cent at 2,557.70.
Early losses were heavier on the Dubai Financial Market General Index, which fell 0.69 per cent to Dh1,674.92. Shuaa Capital was the biggest faller in early trading, shedding 4.14 per cent.
lmiller@thenational.ae
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
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In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
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