Uber shares plummeted on their debut in the stock market.
Shares dropped close to 7.6 per cent on their first day of trading.
Shares ended on $41.51 (AED 152.47) below the company's listing price of $45 (AED 165.29).
Overall, it's clear that the share market listing has failed badly to win over investors.
UAE President chairs ADNOC board meeting at Habshan Complex
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has presided over the annual ADNOC Board meeting at the Habshan complex in Abu Dhabi, a strategic hub for the company’s onshore operations and home to one of the world’s largest gas-processing facilities.
Canada, India agree to restart trade talks
Canada and India have agreed to restart stalled talks for a new trade deal, Prime Minister Narendra Modi's office said on Sunday, after discussions between the two countries paused following a diplomatic spat two years ago.
UAE to invest up to $50 billion in Canada's AI and energy sectors
The UAE will invest up to $50 billion in Canada under a framework that includes projects in artificial intelligence, energy and mining sectors.
Trump signs order to remove tariffs from Brazilian food products
US President Donald Trump on Thursday has removed his 40 per cent tariffs on Brazilian food products, including beef, coffee, cocoa and fruits that were imposed in July following the prosecution of former president Jair Bolsonaro.
G42 receives US approval for advanced AI chip exports
G42 has welcomed the White House’s decision to authorise the export of advanced AI semiconductors to the Abu Dhabi-based AI company.
11:00pm - 6:00am
Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need
6:00am - 10:00am
The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.
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!
