Shareholders in Dubai Taxi Company are looking to raise as much as Dh1.16 billion ($315 million) through its listing on the Dubai Financial Market as part of the emirate’s push to broaden its capital …
Dubai Taxi sets IPO price range, valuing company at up to $1.25bn
DUBAI: Dubai Taxi Company (DTC) on Tuesday kicked off the subscription period for its upcoming initial public offering (IPO), and announced a price range for the offering, which would value it at up …
Dubai Taxi sets IPO price range, targets company at up to $1.2 billion
Dubai Taxi Company (DTC) today 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 statement …
Abu Dhabi is home to the most pet-friendly rentals
That’s because Abu Dhabi is home to the most pet-friendly rentals in the UAE, with 47 percent of all properties allowing furry friends. According to the data from UAE pet shop Pet’s Delight, the most …
Dubai Taxi IPO: How to invest in Dubai’s latest blockbuster public listing
The offering will consist of 624,750,000 shares, representing 24.99 percent of DTC’s total issued share capital …
Best White Friday 2023 Deals in UAE and Saudi Arabia
Discover the biggest sales season of the year with best White Friday 2023 deals in the UAE and Saudi Arabia. Get the best tech deals now on Tbreak.
Saudi income tax reform; Bitcoin vs Gold; UAE COP28 transport guide – 5 trending stories to read today
Saudi Arabia is proposing major reforms to its income tax laws through amendments to the ‘Income Tax Law’. Late last month, the kingdom’s Zakat, Tax and Customs Authority (ZATCA) released draft laws …
Iran-UAE Trade Hits $34 Billion in 2022: Roads Minister
The total value of trade exchanges between Iran and the United Arab Emirates (UAE) reached $34 billion in 2022, Iran’s minister of roads and urban development said.
Dubai commercial real estate supply crisis lessening as new developments come online to fill booming demand
New commercial developments launched to meet the rising demand for office space include four new buildings in Dubai Hills Business Park and two additional blocks in Park Heights Square in Dubai Hills …
11th hour costly Dubai junket being planned within Mayor Sylvester Turner’s Office
A new week is already producing a new chapter of proposed questionable spending being passed onto Houstonians in the final weeks of Mayor Sylvester Turner’s Administration.
Dubai’s First Privatization in a Year Sells Out in an Hour
Dubai Taxi Co.’s initial public offering of as much as 1.16 billion dirhams ($315 million) received enough orders to cover the deal within an hour of opening, showing strong demand for the emirate’s …
Dubai Taxi Company announces price to invest in $1.2bn IPO
The IPO will be offered at a price range of AED1.80 to AED1.85 per share, resulting in a market capitalisation of approximately AED4.5 billion to AED4.6 billion …
Top Abu Dhabi Health Firm Set to Join Middle East Listing Spree
Abu Dhabi-based PureHealth Holding PJSC, a health-care platform controlled by one of the city’s sovereign wealth funds and its largest listed conglomerate, plans to list in the United Arab Emirates’ …
Look: Second Flight Of Injured Palestinians Lands In Abu Dhabi For Treatment
The second batch of Palestinian children injured in the war raging on in Gaza has landed in the UAE for treatment at Emirati hospitals. Khaleej Times was part of the mission that saw a flight from Abu …
UAE: Migrant Worker Abuses Linked to Broader Climate Harms
Migrant workers in the United Arab Emirates are exposed to escalating climate risks, especially working in extreme heat without adequate protections, that can cause chronic harms to their health.
UAE minister calls on global leaders to unleash potential of food systems in fight against climate change
Mariam bint Mohammed Almheiri, UAE Minister of Climate Change and Environment and COP28 Food Systems Lead, addressed the Global Food Security Summit in London, where she called on global leaders to …
UAE weather: Dusty day ahead; rains to continue
The weather in the UAE will be dusty to partly cloudy at times, according to the National Centre Meteorology (NCM), with some convective clouds associated ..