Dubai

LuLu Retail closes with gross proceeds of Dh6.32 billion, making it biggest UAE IPO of 2024

Dubai: LuLu Retail has emerged as the biggest IPO in the UAE for 2024, with gross proceeds totalling Dh6.32 billion.…

1 year ago

Gulf Air marks ten years of operations between Bahrain, Russia

Dubai: Gulf Air, Bahrain’s national airline, recently celebrated a decade of service to Russia, a route that was launched on…

1 year ago

Dubai regulator DFSA fines Vedas Marketing for unauthorized financial promotions on Multibank Group

Dubai: The DIFC regulator has issued a 'decision notice' against Vedas International Marketing Management for unauthorised and deceptive financial promotions…

1 year ago

UAE banking sector hits all-time-high of Dh502.6 billion in capital, reserves

Abu Dhabi: A significant milestone has been achieved by the UAE banking sector. As of July 2024, the total capital…

1 year ago

Saudi Aramco retains quarterly dividend at $31b despite tough forecasts for oil

Riyadh: Aramco held its quarterly dividend at $31 billion, despite lower profit, as Saudi Arabia's multitrillion-dollar economic transformation plans widen…

1 year ago

e&, Emirates are UAE’s ‘most valuable’ brands, Al Rajhi Bank leads in Saudi Arabia

Dubai: The tech-telco e& Group and Emirates are the UAE’s ‘most valuable’ brands for 2024, with the Abu Dhabi mega-bank…

1 year ago

Saudi Arabia launches green tech programme

Dubai: Saudi Arabia’s ministry of environment, water and agriculture launches a new programme aimed at advancing sustainable technologies. The Sustainable…

1 year ago

Saudi Arabia, Turkey strengthen their commercial ties with the signing of 10 cooperation agreements

Dubai: Saudi Arabia and Turkey strengthen their commercial ties with the signing of 10 cooperation agreements during an event held…

1 year ago

Bahrain explores mergers and acquisitions in Europe

Dubai: Bahrain’s Alba, aluminium smelter, plans to continue pursuing mergers and acquisitions, particularly in Europe, after it finalises its multi-billion-dollar…

1 year ago

For UAE finance, accounting jobs, starting salaries are dropping sharply

Dubai: A surge in candidates applying for available entry-level financial positions in the UAE leads to a drop in average…

1 year ago

UAE businesses see rise in October activity but not in new hiring: S&P Global

Dubai: UAE businesses are seeing a pickup in fourth quarter activity, but that’s not yet translating into new hiring, according…

1 year ago

LuLu Retail IPO: Individual investors will benefit from no change to 10% allocation

Dubai: LuLu Retail’s decision to keep the IPO allocation at 10% for individual investors should be a significant boost for…

1 year ago

ADIPEC 2024: ‘Stable global energy market requires proactive measures’, says Sharif Al Olama

Dubai: The global energy markets will require more of the balancing act as competing factors try to add more volatility,…

1 year ago

Saudi Arabia’s Wafi Energy Holding buys majority stakes in Shell Pakistan

Dubai: Saudi Arabia’s Wafi Energy Holding acquires a majority stake in Shell Pakistan following Shell Petroleum Co., a subsidiary of…

1 year ago

Sharjah National Oil Corporation completes second phase of gas storage project

Sharjah: Sharjah National Oil Corporation (SNOC) announced Monday it has completed the second phase of its underground gas storage project…

1 year ago

RTA launches shared taxi service between Dubai and Abu Dhabi

Dubai: A shared taxi service has been launched between Dubai and Abu Dhabi with fares as low as Dh66 per…

1 year ago

Saudi Arabia’s PIF acquires 54 per cent stake in MBC Group

Dubai: Saudi Arabia’s Public Investment Fund (PIF) reaches an agreement to acquire a 54 per cent stake in MBC Group…

1 year ago

Lulu’s Abu Dhabi IPO set to price at top, raising $1.43 billion

Abu Dhabi : Lulu Retail Holdings Plc's Abu Dhabi initial public offering is likely to price at the top end…

1 year ago

Dubai Aerospace Enterprise leases 4 new Boeing aircraft to leading Chinese airline

Dubai: The Dubai Aerospace Enterprise will lease four of its new Boeing 737-8 aircraft to China’s Hainan Airlines, with deliveries…

1 year ago

UAE traffic update: Accident on Dubai-Sharjah road, police warn motorists

Dubai Police have urged motorists to drive with caution after an accident on the Dubai-Sharjah road Sunday morning. The authority…

1 year ago

Dubai’s Dh16 billion road plan to boost connectivity and economic growth

Dubai: Dubai is planning 22 major projects worth Dh16 billion to develop main roads. The Main Roads Development Plan 2024-2027…

1 year ago

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