Lulu Retail to float 25% stake in IPO on Abu Dhabi Securities Exchange

Lulu Retail, a hypermarket chain operator, has declared its plans to float 2.58 billion shares, marking a 25% stake on the Abu Dhabi Securities Exchange (ADX). The initial public offering (IPO) is scheduled to be held from 28 October to 5 November 2024, with the final offering price set to be determined through a book-building process.

UAE launches DAO’s legal framework

Ras Al-Khaimah (RAK), one of the emirates in the United Arab Emirates, has introduced a new legal framework tailored for decentralized autonomous organizations (DAOs) within its free zone designated …

The 11 best things to do in Sharjah

Sharjah Classic Cars Museum. Supercars, Teslas and oversized four-by-fours may be a common sight on the UAE’s roads, but classic cars are a rarer spot. At the Sharjah Classic Ca …