Dubai's TECOM Group has debuted on the Dubai Financial Market (DFM) successfully.
The IPO was 21 times oversubscribed with total gross demand surpassing AED 35.4 billion.
The final offer price was set at AED 2.67 per share, giving it a valuation of AED 13.4 billion.
Speaking exclusively to ARN News, Abdulla Belhoul, CEO of Tecom Group says it's an important milestone for Dubai and the group, and gave details of the demand for the share offering.
Dubai and Shanghai trade bodies hold talks to boost business ties
Dubai Chambers has held talks with a major Chinese trade body in Shanghai aimed at strengthening economic ties and increasing trade and investment between the two markets.
Saudi Arabia restores full capacity on East-West oil pipeline
Saudi Arabia has restored full oil pumping capacity through the East-West pipeline to about seven million barrels per day, it said on Sunday, days after providing an assessment of damage on its energy sector from attacks during the Iran conflict.
Maktoum bin Mohammed, Brookfield discuss investment expansion
Dubai’s First Deputy Ruler, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, has held talks with the chief executive of global investment firm Brookfield Corporation on strengthening cooperation and attracting further investment to the emirate.
Tesla's supervised self-driving software gets Dutch okay, first in Europe
Dutch regulators approved the use of Tesla's TSLA.O self-driving software with required human supervision on highways and city streets in a European first for the electric car maker, which hopes to see similar action from the rest of the European Union.
Lufthansa flights disrupted as cabin crew stage strike
Lufthansa flights were significantly disrupted on Friday as cabin crew union UFO staged a one-day strike, the airline's third work stoppage in two months, impacting operations at its Frankfurt and Munich hubs.
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UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
