Dubai contractor Alec Holdings said its initial public offering (IPO) was oversubscribed 21 times across all tranches, with demand reaching AED30 billion ($8.1 billion). Demand stemmed primarily from …
Alec Holding raises $381m in Dubai IPO
UAE construction and engineering company Alec Holdings has raised Dh1.4 billion ($381.2 million) from its initial public offering on the Dubai Financial Market, setting the price range at the top end …
BTCLE Announces Bitcoin Layer 2 Framework Focused on Real-World Assets and Governance
Dubai, UAE, Sept. 30, 2025 (GLOBE NEWSWIRE) — BTCLE has announced the creation of Bitcoin Layer 2 Limited (L2 Limited), a revolutionary second-layer network that will scale the security model of …
Institutional & wealthy investors driving crypto adoption in Middle East, says BitOasis’ Ola Doudin
Ola Doudin, Co-founder & CEO of BitOasis explained that tokenisation is expanding beyond real estate to include equities, bonds, gold, and other digital assets, creating a convergence between …
UAE President Meets Armenia’s Minister of Internal Affairs
President His Highness Sheikh Mohamed bin Zayed Al Nahyan received Her Excellency Arpine Sargsyan, Minister of Internal Affairs of the Republic of Armenia, at Qasr Al Bahr in Abu Dhabi.Her Excellency …
Dubai Fountain will finally reopen today after 5 months! Show timings revealed: Here’s what visitors can expect
Dubai Fountain will officially reopen on October 1, 2025, after five months of major upgrades. The revamped attraction features a new foundation, advanced robotics, improved lighting, and enhanced …
UAE-Australia CEPA enters into force
The Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates and Australia has officially come into force, heralding a new era of economic collaboration between the two …
UAE-Italy trade hits $6.5bn in H1 2025 as exports surge 19%
Italy’s exports to the UAE rose 19 per cent to $4.9bn in H1 2025, with full-year trade expected to surpass $9.8bn, driven by industrial technology …
Nigerian, UAE Firms List Benefits Of Investing In Dubai Properties
Mrs Lbhakhomu, an African consultant on Global Real Estate, spoke on Sunday in Lagos at the inaugural cocktail reception organised by Lifecard in partnership …
Dubai real estate hits $36.2bn in Q3 2025 as property deals surge 60.8%
Dubai’s property market hit $36.2bn in Q3 2025, with deals soaring 60.8 per cent year-on-year, driven by population growth and global wealth inflows …
Alec Holdings prices IPO at top end of price range, raising Dh1.4 billion
Alec Holdings announced on Wednesday the final offer price of its initial public offering, pricing it at the top end of Dh1.4 per share, raising Dh1.4 billion. The engineering and construction group …
Alec Holdings prices IPO at top end of price range, raising Dh1.4 billion
Alec Holdings announced on Wednesday the final offer price of its initial public offering, pricing it at the top end of Dh1.4 per share, raising Dh1.4 billion. The engineering and construction group …
Dubai’s ALEC Holdings sets final IPO price; to raise $381mln
ALEC Holdings, a Dubai-based engineering and construction group, has set the final offer price for its initial public offering (IPO) at 1.40 dirhams ($0.38) per share, the top end of the announced …
Alec Holdings PJSC prices its IPO at the top end of the price range
The final offer price for the initial public offering (“IPO”) of 1,000,000,000 (one billion) ordinary shares of ALEC Holdings PJSC has been set at AED 1.40 per share, which is the top end of the …
KKR Makes Deeper Inroads Into Abu Dhabi With Gas Pipelines Deal
Buyout giant KKR & Co. has bought a minority stake in Abu Dhabi National Oil Co.’s gas pipeline network, marking its second deal of the year in a region that’s increasingly becoming a magnet for …
Dubai is moving towards Danish-style living — can it work?
Dubai has never been known for its pavement culture. In the emirate that over two centuries grew from a pearl fishing village to a trading port to a fully-fledged metropolis with a population of about …
e& activates RedCap on 5g Standalone network, starting with smartwatch in UAE
UAE has activated Reduced Capability (RedCap) technology on its 5G Standalone (5GSA) network, marking a first for the country with a smartwatch as the initial live use case. The launch not …