Lucid said it expected the offering to raise $1.67bn, but on Monday, the company said the offering had raised nearly $1.75bn
Together with its previous orders, the carrier now has 14 Boeing 777Fs pending delivery from Boeing until the end of 2026
The project is part of a initiative to enhance Dubai’s road network, particularly as a support corridor to major highways like Sheikh Zayed Road, Sheikh Mohammed bin Zayed Road, and Emirates Road
Following the integration of Nakheel and Meydan into Dubai Holding, Dubai Residential’s reach expanded to encompass 40,000 homes and over 150,000 residents across the emirate
Abu Dhabi’s first Mandarin Oriental Residences will be situated in Saadiyat Cultural District among world-class museums, fine dining and entertainment venues
So far, 99,779 units have been launched this year, putting the market on track to beat the all-time high of 101,654 new homes in 2023
SARCC will revolutionise the accommodation market by developing and operating complexes for staff in Saudi Arabia
Saudi Arabia is the number two oil exporter to China behind Russia and holds stakes in some Chinese refiners
The entire amount raised will be distributed to United Electronics Company (eXtra), the selling shareholder
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