Sir Paul Marshall has launched a last-minute attempt to derail an Abu Dhabi bid to refinance the Barclay family’s £1.2 billion debt, which would pave the way for a foreign takeover of the Telegraph …
RTA starts installation of solar panels at Dubai metro, tram depots
Roads and Transport Authority (RTA) has started the installation of solar energy panels at the Dubai Metro Depots at Jebel Ali and Al Qusais as well as the Tram Depot at Al Safouh. The project, which …
Abu Dhabi Chamber A Supporting Partner Of Abu Dhabi Finance Week 2023
Al Mazrui: We are proud to support the second edition of ADBW 2023 considering it one of the most important prestigious events, and the largest international investment and financial event Al Qubaisi: Through our participation in Abu Dhabi Finance Week …
Dubai Taxi sets IPO price range, targets company at up to $1.2b
Dubai Taxi Company (DTC) on Tuesday announced the price range for the sale of its shares (Offer Price Range) and the start of the subscription period for its initial public offering (IPO). In a …
Year After Raising $18M, Lewis Hamilton’s ‘Neat Burger’ Takes Harsh Step to Avert Crisis
Remember how many drivers complained of the Qatar GP being too harsh to drive in? Lewis Hamilton came out with the statement explaining how F1 is an extreme sport and should remain that way. The …
Dubai’s ‘Miracle Garden’ amidst a water scarcity challenge, and more from around the world
In the UAE, where 42 per cent of water is sourced from energy-intensive desalination plants, the nation faces the challenge of meeting one of the world’s highest water consumption rates – an average …
UAE first crypto mining ICO for Phoenix Group raises $370 million with retail clients as biggest investors
As the crypto market goes green so is crypto mining investment in the UAE. For the first time in the MENA region, a UAE home grown crypto mining entity Phoenix Group has carried out a successful IPO …
Sharjah Club extends Marcus Meloni’s contract
Marcus Meloni, a Brazilian defender with the Sharjah Football Club, has had his contract extended until 2026. Abdullah Al Ajlah, President of Sharjah Football Club Company, presided over the renewal …
Cop28 kicks off in Dubai next week: Who’s going and who’s not?
Fellow pariah, President Vladimir Putin, is not expected in Dubai. He has barely left Russia since invading Ukraine in 2022, and a subsequent international war crimes warrant was issued for him.
Dubai property market zooms, realty deals record 37% growth in 3rd quarter
The Dubai real estate market achieved remarkable and unprecedented results in property transactions. In Q3 2023 alone, the value of these transactions soared to Dhs430 billion, showcasing an …
Dubai Penthouse Sets Price Record for the City With AED500 Million Sale
Dubai has a new record for the most expensive penthouse sold in the city, as a nearly 22,000-square-foot apartment at Como Residences on Palm Jumeirah has sold for AED500 million (US$136.13 million), …
RTA Installs solar panels at Dubai Metro and Tram Depots
Dubai’s Roads and Transport Authority (RTA) has started the installation of solar energy panels at the Dubai Metro Depots at Jebel Ali and Al Qusais as well as the Tram Depot at Al Safouh. The project …
Expo City Dubai to be powered entirely by renewable energy
Expo City Dubai is to be powered entirely using electricity generated from renewable sources. Dubai’s Electricity and Water Authority is to provide 100,000 megawatts of renewable energy from the …
FICC to increase the number of banks supported by CBI
The FICC announced on Tuesday that it has undertaken an initiative to increase the number of correspondent banks supported by the CBI.
Exporters hail govt’s move to allow TRQ holders under India-UAE trade pact to import gold through IIBX
Gems and jewellery exporters on Tuesday welcomed the government’s move to allow valid licence holders to import specified quantities of gold at concessional customs duty from the UAE under the free …
Middle East Sees Year-End IPO Rush Despite War, Global Listings Gloom
The market for new share sales sprang to life in the Middle East, where investors snapped up all stock on offer in a taxi company in under an hour and put in orders worth $12 billion for a …
Dubai Taxi IPO price range values company at up to $1.25 bln; strong demand expected
DUBAI, Nov 21 (Reuters) – Dubai Taxi Company (DTC) on Tuesday kicked off the subscription period for its upcoming initial public offering (IPO), which could raise up to around $316 million, with …