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.
Ben & Jerry's co-founder resigns after feud with Unilever over Gaza conflict
Ben & Jerry's co-founder Jerry Greenfield, whose name helped shape the popular ice cream brand, has quit the company, as its rift with parent Unilever deepened over its stance on the Gaza conflict.
UK and US agree $42 billion tech pact to mark Trump's visit
The United States and Britain have agreed on a technology pact to boost ties in AI, quantum computing and civil nuclear energy, with top US firms led by Microsoft pledging £31 billion ($42 billion) in UK investments.
New Emirates Crew Training Centre powers next-gen aviation growth
Emirates has opened a state-of-the-art flight crew training centre in Dubai, as part of the airline’s strategy to support its expanding fleet and prepare for the future of aviation.
Google pledges $6.8 billion in UK investment ahead of Trump's state visit
Google said on Tuesday it would make £5 billion ($6.80 billion) in new investments into Britain ahead of US President Donald Trump's state visit to the country, which is expected to feature a flurry of business deals and partnerships.
US, China reach framework deal on TikTok
US and Chinese officials said they have reached a framework agreement to switch short-video app TikTok to US-controlled ownership that will be confirmed in a Friday call between US President Donald Trump and Chinese President Xi Jinping.
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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!
