Lulu plans to offer more than 2.582 billion shares in the IPO, which will run from October 28 to November 5, according to its intention to float document
The last time Türkiye’s central bank raised its main policy rate was in March when it hiked by 500 basis points
The order for more of the current-generation freighters emerged amid tensions between Emirates and Boeing over separate delivery delays of 777X
The company is the largest producer of nitrogen fertilisers in the MENA region, with plants in the UAE, Egypt and Algeria
The chairman of DIEZ says the authority is integrating AI and smart city solutions, reinforcing its position as a crucial contributor to Dubai’s economic growth
The move comes as competition intensifies between Dubai, Abu Dhabi and Riyadh for regional financial dominance
Cityscape Global 2024 offers a comprehensive platform for international city experts that addresses the future of urban development, real estate, and infrastructure, says the Tahaluf group director
Khaled ElKhouly, chief consumer officer at e& UAE, speaks about his company’s presence at GITEX 2024, as well as providing insight into the products they have launched in the market
The wind farm will have an anticipated annual production capacity of 1.9 terawatt-hours (TWh), enough to meet energy demands of 475,000 homes
The company has been involved in various infrastructure projects in the GCC, including metro extensions, desalination plants, and cultural museums
The bank’s total assets surged to Dhs1.2tn, reflecting a 5 per cent growth over last year
The offering was priced at the top of its indicative range of 370-390 baizas per share and was oversubscribed by around 2.7 times, including anchor investors
First Quantum owns the Kansanshi and Sentinel copper mines in Zambia, which have become key to future output after Cobre Panama’s shutdown
Lucid expects to report a loss from operations in the range of $765m to $790m for the quarter ended September 30
The three contracts were awarded to Ginco General Contracting, Shapoorji Pallonji Mideast, and United Engineering Construction Company
Al Tamimi & Company has grown from a single office in Sharjah to become the largest law firm in the Middle East
The East African nation is seeking to diversify its sources of financing
Net profit for the July-to-September period was Dhs5.2bn, unchanged from the corresponding 2023 period
Khalid Albdah was appointed as managing director and chief executive for Goldman’s Saudi operations in 2015
An EU partnership with Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates would cover trade and investment
Egypt’s prime minister said last month that Saudi Arabia was planning to invest $5bn in Egyp
ADNOC intends to integrate its domestic and global portfolio of projects in low-carbon ammonia, more than doubling Fertiglobe’s ammonia project capacity
The fund’s investment will provide fresh capital, allowing Odeabank to leverage opportunities within the wider group
The partnership follows Bolt’s successful expansion in Saudi Arabia and Egypt
With the delay in Boeing 777X model, Emirates has been compelled to implement a costly retrofit program to extend the service life of its existing jets
By developing an AI-based asset management tool, Masdar seeks to digitise its operations worldwide, moving from a reactive model to a predictive approach
The acquisition marks a significant step forward for Abu Dhabi state investor in the life sciences sector, positioning the UAE as a key player in the global market
The weaker outlook highlights the dilemma faced by OPEC+, which is planning to start raising output in December
From pivoting its business model to embracing technology in wealth management, Hoxton Wealth has set a strong foundation for the future, says its founder and managing partner
Upon completion, the development will be integrated into Aldar’s Investment Properties portfolio, which holds Dhs27bn worth of income-generating real estate assets