Oman’s OQ to raise $490m from IPO of methanol, ammonia unit

Oman’s OQ to raise $490m from IPO of methanol, ammonia unit

OQ is offering 1.69 billion shares, equivalent to 49 per cent of OQ Base Industries’ total issued share capital, at Bzs106 to Bzs111 per share

Bahrain’s ATME aims transforming regional markets with asset tokenisation

The Bahrain-regulated exchange aims to create a more inclusive and efficient financial system by enabling fractional ownership of high-value asset classes.

Delivery Hero’s Talabat sets IPO price range, seeks to raise $1.52bn

The indicative share price of Dhs1.50 and Dhs1.60 per share implies a market valuation of around Dhs37.3bn at the top of the range

Emaar, DWTC unveil Expo Living community in Dubai South

Emaar, DWTC unveil Expo Living community in Dubai South

Expo Living is a short drive from the upcoming Al Maktoum International Airport, which is poised to become Dubai’s mega gateway for international travel

TAQA, Jera and Albawani capital to develop 2 power plants in Saudi Image courtesy TAQA For illustrative purposes

TAQA, JERA, Al Bawani Capital to develop 2 power plants in Saudi Arabia

Each project will have a capacity of 1.8 GW, collectively contributing to Saudi Arabia’s ambitious energy mix strategy

Thales' Elias Merrawe on shaping the future of flight

Thales’ Elias Merrawe on shaping the future of flight

The VP – Civil Business for Thales in the Middle East, shares the company’s  commitment to sustainability, its strategic partnerships with UAE entities, and supporting the UAE’s ambitious aviation goals

Dubai International welcomes 68.8m passengers from Jan-Sept '24

Dubai International welcomes 68.6m passengers from Jan-Sept ’24

India maintained its position as the top destination market, with 8.9 million guests in the first nine months, followed by Saudi Arabia with 5.6 million

Women chair 13.3% of audit committees in UAE listed firms: report

Women chair 13.3% of audit committees in UAE listed firms: report

The findings of the report represent a significant step toward enhancing gender diversity and inclusivity in corporate governance

Sheikh Mohammed, Vice President and PM of UAE and Ruler of Dubai issues decree to form ICD board courtesy_Dubai Media Office

From humble beginnings to global heights: Sheikh Mohammed’s journey unveiled in new biography

The new biography charts H.H. Sheikh Mohammed bin Rashid Al Maktoum’s rise from humble beginnings to global prominence

Dubai traffic flexible or remote work

Dubai’s RTA to reduce traffic by 80% in these 4 neighbourhoods

The upgraded entry and exit points will facilitate smoother access to and from Nadd Hessa, Al Awir 1, Al Barsha South, and Wadi Al Safa 3

Masdar, SOCAR Green secure funding for Azerbaijan solar projects

Masdar, SOCAR Green secure funding for Azerbaijan solar projects

Masdar and SOCAR Green broke ground on the Bilasuvar and Neftchala solar parks in June 2024

Bahrain’s AlAbraaj Restaurants seeks to raise BHD9m in IPO

Bahrain’s AlAbraaj Restaurants seeks to raise BHD9m in IPO

The offer period runs from November 24 to December 8, and the trading debut on the Bahrain Bourse is scheduled for December 19

Efficio’s Adam Forgács on local content's role in economic diversification

Efficio’s Adam Forgács on local content’s role in economic diversification

Efficio’s VP for the Middle East says local content has become a key engine in realising Saudi Arabia’s Vision 2030 goals

Naser Taher on MultiBank Group's global strategy and future outlook

Naser Taher on MultiBank Group’s global strategy and future outlook

The founder and chairman of MultiBank Group explains how the group navigates regulatory challenges, employs technologies like AI and blockchain, and aligns its growth with Dubai’s financial vision

Trump’s policies may hit EMs, but Saudi stays safe: Citigroup

The brokerage expects Saudi Arabia to be less exposed to trade risks, and upgraded the top oil exporter to “overweight” from “underweight”

Lenovo, world’s largest PC maker, to launch factory in Saudi Arabia

The company plans to open facilities in Saudi Arabia following a major investment deal with the kingdom’s Public Investment Fund

MEBS Facility Services: A homegrown success story

As a key entity within the esteemed Al Qaisi Group, MEBS has been delivering exceptional facility solutions for over two decades, upholding the greatest levels of excellence.

Saudi-backed Pony AI seeks $4.5bn valuation in US IPO

The IPO comes after a 2021 attempt to go public through a $12bn blank-check deal fell through

Apple launches iPhone 16 as it bets on AI future

Apple faces $3.8bn legal claim over iCloud practices

A UK consumer group believes iPhone and iPad iOS users have had little choice but to use Apple’s own iCloud service

Gold prices in UAE fall as global trends weigh on bullion

Gold prices in UAE fall as global trends weigh on bullion

The fall in prices is significant for UAE residents, where gold plays a key role in savings and investments

Abu Dhabi’s Etihad Airways posts 66% rise in nine-month profit

Abu Dhabi’s Etihad Airways posts 66% rise in nine-month profit

The national airline reported a profit after tax of $368m (Dhs1.4bn), up from $222m a year earlier

Join our fintech, finance and investment panel on November 27

Join our fintech, finance and investment panel on November 27

From digital transformation to innovative investment platforms, join industry leaders for insightful discussions at the upcoming panel event

UAE’s IHC starts Dhs5bn share buyback programme

UAE’s IHC starts Dhs5bn share buyback programme

The holding firm said the first tranche of Dhs1.8bn, equivalent to 36 percent of the total, is expected to begin on November 18

Saudi Arabia’s PIF to sell further stake in stc in potential $1.1bn deal

Saudi Arabia’s PIF raises $1bn from stc Group stake sale

The fund, which sold 6 per cent of stc for $3.2bn in 2021, will keep a 62 per cent stake in the telecoms group after the offering

FAB's EOSB funds secure initial approval from MOHRE, SCA

FAB’s EOSB funds secure initial approval from MOHRE, SCA

FAB’s EOSB Funds also simplify the administrative process for employers, enabling them to register through the bank’s EOSB online portal

How the UK can aid the GCC to harness EdTech for inclusive learning

The UK’s cutting-edge solutions make it an ideal partner for the GCC countries in advancing inclusive and innovative education initiatives

Abu Dhabi Catalyst Partners, Investindustrial partner to drive regional growth

Abu Dhabi Catalyst Partners, Investindustrial partner to drive regional growth

The strategic partnership between ADCP and Investindustrial aligns with the UAE’s goals to foster innovation, attract foreign investment, and boost job creation within ADGM

Saudi Arabia replaces CEO overseeing $500bn NEOM mega project

Saudi Arabia replaces CEO overseeing $500bn NEOM mega project

Nadhmi Al-Nasr, the long-time CEO of the Red Sea urban and industrial development nearly the size of Belgium, will be replaced by Aiman Al-Mudaifer

Dubai explores remote work, flexible hours to alleviate peak-hour traffic

Dubai explores remote work, flexible hours to alleviate peak-hour traffic

The adoption of remote work and flexible work arrangements can lead to a more comfortable and secure work environment for employees

ACWA Power secures $238m for Azerbaijan's largest wind farm project 

ACWA Power secures $238m for key Azerbaijan wind farm project 

Once completed, the Absheron-Khizi Wind Farm will not only help diversify Azerbaijan’s energy mix but also contribute significantly to reducing the country’s carbon footprint