by Jibran Munaf | November 9, 2024 | Corporate Finance
Talabat, the Middle East arm of Germany-based Delivery Hero, is set to launch its highly anticipated Dubai initial public offering (IPO) next week, sources familiar with the matter told Reuters. Expected to raise over $1 billion, this IPO would rank among the largest...
by Jibran Munaf | November 8, 2024 | Aviation
India’s Supreme Court has ordered the liquidation of bankrupt airline Jet Airways, closing a protracted five-year legal process that began after the full-service carrier collapsed in 2019 with over $1.2 billion in debt. The ruling brings an official end to Jet...
by Jibran Munaf | November 8, 2024 | Central Banks
The Bank of England (BoE) has lowered interest rates by 25 basis points to 4.75%, signaling confidence that UK inflation is now close to the central bank’s 2% target. This marks the BoE’s second rate cut of 2024, following its initial move to ease rates in...
by Jibran Munaf | November 8, 2024 | News
Dubai has been recognized as the leading city in the Middle East and North Africa (MENA) and fifth globally in the 2024 Global City Index by Brand Finance, a leap that underscores its growing influence on the global stage. With an impressive score of 86 out of 100,...
by Jibran Munaf | November 8, 2024 | Markets
The Dubai Financial Market (DFM) announced three major transactions today involving Al Ansari Financial Services and Ajman Bank, amounting to a total of AED38.6 million ($10.51 million) and encompassing 35 million shares. The largest trade involved 29.1 million shares...
