The offering raised gross proceeds of Dh6.32 billion, making it the largest UAE IPO of 2024 to date. Stay up to date with the latest news. Follow KT on WhatsApp Channels. On Monday, Lulu Retail …
Lulu’s IPO raises AED6.32 billion, share price set at AED2.04
Lulu Retail Holdings PLC today announced the successful completion of the bookbuild and public subscription process for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX).Lul …
Dubai: This experience is the closest thing to a hot air balloon dinner
Dubai never ceases to amaze us with its offerings. As temperatures go down, terraces are accepting visitors again. Adding to that terrace experience, Jumeirah Al Qasr is introducing a one-of-a-kind …
Dubai real estate witnesses massive spike in existing and off-plan transactions in October 2024
Jumeirah,Dubai Hills Estate, Damac Hills 2, Al Barsha and Umm Suqeim were popular among those looking to rent villas/townhouses. Cherif Sleiman, chief revenue officer at Property Finder, said: “As we …
Dubai: Want ultra-fast Wi-Fi, tasty meals on flight? Private air charter sets up base in the city
Plush seats, constant Wi-Fi connection at even 31,000 feet, and a steady supply of treats; chartering a luxury private plane has a lot going for it. As a nexus of travel, Dubai draws visitors from …
UAE: FTA offers grace period for taxpayers falling behind on updating their tax registration
The initiative allows violators to make the necessary adjustments and avoid incurring the administrative penalties associated with failure to inform the FTA of any cases that require modifying their t …
Shorooq leads Corgea’s $2.6mln seed round to revolutionize cybersecurity with AI-driven vulnerability remediation
We have built deep sectoral expertise in fintech, platforms, software, and deep tech. Shorooq has backed category leaders such as Pure Harvest Smart Farms, Nymcard, Tamara, Sarwa, Lean Technologies, …
Bitsmiley, A Bitcoin-Native Stablecoin Protocol, Will Be Initially Listed On Coinw Exchange
BitSmiley is a Bitcoin-native stablecoin protocol where BTC holders can mint bitUSD, an overcollateralized stablecoin that brings true DeFi to Bitcoin.
UAE: Will petrol prices rise in November after two consecutive months of drop?
Petrol prices in the UAE could rise for the month of November when the Fuel Price Committee will announce revised rates on Thursday. For the month of October, prices were revised down for the …
Saudis Plan $100 Billion AI Powerhouse to Rival UAE’s Tech Hub
Saudi Arabia is planning a new artificial intelligence project with backing of as much as $100 billion as it seeks to develop a technological hub to rival the neighboring United Arab Emirates, people …
Deyaar posts Dh348.8 million profit before tax for first nine months
Deyaar Development PJSC, one of the leading real estate developers and service providers in Dubai, has reported an increase in its profit for the nine-month period ending September 30, 2024, amounting …
Look: Sharjah Ruler opens Sharjah International Book Fair at Expo Centre
Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated the 43nd edition of the organised by the Sharjah Book Authority (SBA) with the theme ‘It Starts with a …
Sheikh Sultan opens 43rd annual Sharjah International Book Fair
His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated on Wednesday, the 43rd edition of the Sharjah International Book Fair, organised by the …
LuLu Retail attracts $37bn of demand, Talabat to launch IPO as early as Monday
LuLu Retail breaks demand records, as international investors take 30% of the book, including Vanguard and GIC …
Abu Dhabi Championship prediction: McIlroy & Fleetwood to dominate in Abu Dhabi
Golf bettors looking to earn free bets by wagering on the Abu Dhabi Championship can do so with 10bet’s rewards club. By opting in to the promotion on 10bet and wagering a minimum of £40 on golf in …
ADNOC lets contract to expand its large 3D seismic survey across Emirate of Abu Dhabi
ADNOC let a contract to a subsidiary of CNPC, worth up to $490 million to expand the scope of a combined 3D onshore and offshore seismic survey currently under way in the …
Abu Dhabi’s TA’ZIZ announces $2bn contracts to develop Al Ruwais Industrial City
TA’ZIZ awards engineering, procurement and construction contracts to develop Al Ruwais Industrial City in Abu Dhabi …