UAE technology company Alpha Data aims to raise up to Dh600 million ($163.4 million) through its initial public offering on the Abu Dhabi Securities Exchange, in a sign of strong demand for listings.
DIFC unveils flagship Future of Finance report series, publishes first report on the global finance and investment outlook
First report in six-part Future of Finance series highlights emerging trends, shifting capital flows and high-growth opportunities in the global financial landscape …
Dubai International Financial Center marks 20 years, strengthens ties with China
Dubai International Financial Center (DIFC), located in the United Arab Emirates (UAE), has strengthened its position as the leading financial hub in the Middle East, Africa and South Asia region …
UAE hotels generate $10.10bln in first 10 months of 2024
The hotel occupancy rate also saw growth, reaching nearly 78%, up 2.7% from the corresponding period last year …
Dubai woman shows off husband’s ‘push presents’ for giving birth: $2 million home, 8 Dior bags and more
A Dubai homemaker showcased lavish ‘push presents’ from her husband, including a pink G Wagon, a $2 million house, Dior bags, and jewellry.
Emma Raducanu left in tears as man who “exhibited fixated behavior” is ejected from Dubai match, tennis group says
Emma Raducanu was approached in a public space “by a man who exhibited fixated behavior” and the same man was spotted in the first few rows during her match, the WTA said.
New study reveals Dubai Internet City’s AED 100 billion impact on Dubai’s economy
Dubai Internet City has added AED 100 billion to Dubai’s GDP over the past 15 years, according to an impact study conducted in partnership with Accenture and incorporating perspectives from a wide …
The Box secures $12.5mln financing deal led by Shorooq to expand self-storage footprint in the UAE
The Box is poised to transform the self-storage landscape across the UAE and enhance urban living convenience …
IDEX 2025: India’s Kalyani brings latest 155mm gun to Abu Dhabi
The trend for deploying wheeled self-propelled (SP) artillery systems rather than tracked systems has been on show at IDEX in Abu Dhabi this year, as emphasised by India’s Kalyani Strategic Systems …
Ramadan 2025: Crescent moon to be sighted in UAE on this day; fasting date for Muslims in Abu Dhabi, Dubai, other cities
UAE crescent moon sighting and fasting dates for Ramadan 2025. According to astronomers from the International Astronomical Centre in Abu Dhabi, the crescent moon (which marks the …
Sheikh Sultan attends opening of 34th Sharjah Theatre Days
His Highness Sheikh Dr Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, attended the opening of the 34th edition of …
Why Dubai is the Ultimate Business Hub: Opportunities, Licenses, and Growth Strategies
A business hub is a center where businesses gather, its location plays a crucial role in establishing it as a hub. Consequently, Dubai has become the ultimate business hub, connected to Asia, Africa, …
How Business Acquisition Consultants Drive Investor Engagement in Dubai’s Growing Markets
In Dubai’s dynamic business landscape, acquisition consultants significantly promote investor engagement in emerging markets. Connecting investors with promising firms opens doors to new opportunities …
UAE: Alpha Data IPO opens for subscription, announces offer price range
Alpha Data on Thursday announced an offer price range of Dh1.45-Dh1.5 per share as its initial public offering (IPO) opened for subscription. This implies its market capitalisation of Dh1.45- Dh1.50 …
UAE’s Alpha Data Plans to Raise up to $163 Million in IPO
(Reuters) – UAE technology services firm Alpha Data said on Thursday it plans to raise up to $163 million in its initial public offering.
UAE banks led by FAB finance $232mln facility to energy trader BGN
The Abu Dhabi Exports Office (ADEX) and a group of UAE lenders led by First Abu Dhabi Bank (FAB) have more than doubled a financing arrangement for global energy trader BGN. The oversubscribed …
Sharjah Civil Aviation Department, Serco renew partnership agreement
The Sharjah Civil Aviation Department (SCAD) and Serco have renewed their partnership agreement, ensuring Serco’s continued provision of air navigation services at Sharjah International Airport.Since …