UAE retail giant Lulu sets IPO price range

UAE retail giant Lulu has will raise between 5.01 billion and 5.27 billion UAE dirhams ($1.36 billion-$1.43 billion) from its IPO on the Abu Dhabi Securities Exchange (ADX). The company has set the …

UAE Goes Shopping For Chemicals

The Abu Dhabi National Oil Company (ADNOC) has reached an agreement to buy German chemicals maker Covestro in what is set to be the biggest acquisition in the history of the United Arab Emirates and …