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. The offer – which is
November 6, 2024
Dubai: LuLu Retail has emerged as the biggest IPO in the UAE for 2024, with gross proceeds totalling Dh6.32 billion. The offer – which is
Dubai: Gulf Air, Bahrain’s national airline, recently celebrated a decade of service to Russia, a route that was launched on October 26, 2014. The airline
Dubai: The DIFC regulator has issued a ‘decision notice’ against Vedas International Marketing Management for unauthorised and deceptive financial promotions related to Multibank Group. The
Abu Dhabi: A significant milestone has been achieved by the UAE banking sector. As of July 2024, the total capital and reserves of banks operating
Riyadh: Aramco held its quarterly dividend at $31 billion, despite lower profit, as Saudi Arabia’s multitrillion-dollar economic transformation plans widen the budget deficit. The company,
Dubai: The tech-telco e& Group and Emirates are the UAE’s ‘most valuable’ brands for 2024, with the Abu Dhabi mega-bank in third spot. The annual
Dubai: Saudi Arabia’s ministry of environment, water and agriculture launches a new programme aimed at advancing sustainable technologies. The Sustainable Innovation Fellowship Programme seeks to
Dubai: Saudi Arabia and Turkey strengthen their commercial ties with the signing of 10 cooperation agreements during an event held in Istanbul on Sunday, furthering
Dubai: Bahrain’s Alba, aluminium smelter, plans to continue pursuing mergers and acquisitions, particularly in Europe, after it finalises its multi-billion-dollar agreement with Saudi Arabian Mining
Dubai: A surge in candidates applying for available entry-level financial positions in the UAE leads to a drop in average starting salaries. According to the
Dubai: UAE businesses are seeing a pickup in fourth quarter activity, but that’s not yet translating into new hiring, according to the latest S&P Global
Dubai: LuLu Retail’s decision to keep the IPO allocation at 10% for individual investors should be a significant boost for the stock once it lists
Dubai: The global energy markets will require more of the balancing act as competing factors try to add more volatility, according to a top official
Dubai: Saudi Arabia’s Wafi Energy Holding acquires a majority stake in Shell Pakistan following Shell Petroleum Co., a subsidiary of global Shell plc, completing the
Sharjah: Sharjah National Oil Corporation (SNOC) announced Monday it has completed the second phase of its underground gas storage project in the Moveyeid field. The
Dubai: A shared taxi service has been launched between Dubai and Abu Dhabi with fares as low as Dh66 per rider – up to 75
Dubai: Saudi Arabia’s Public Investment Fund (PIF) reaches an agreement to acquire a 54 per cent stake in MBC Group for $2 billion (Dh7.3 billion).
Abu Dhabi : Lulu Retail Holdings Plc’s Abu Dhabi initial public offering is likely to price at the top end of a planned range and
Dubai: The Dubai Aerospace Enterprise will lease four of its new Boeing 737-8 aircraft to China’s Hainan Airlines, with deliveries scheduled for Q4-2025 and early
Dubai Police have urged motorists to drive with caution after an accident on the Dubai-Sharjah road Sunday morning. The authority posted on X to alert
Dubai: Dubai is planning 22 major projects worth Dh16 billion to develop main roads. The Main Roads Development Plan 2024-2027 of the Roads and Transport