by Jibran Munaf | November 15, 2024 | Retail
Lulu Retail Holdings Plc’s shares closed flat at AED2.04 in their debut on the Abu Dhabi Securities Exchange (ADX) following a highly anticipated IPO that raised $1.72 billion. Despite the IPO’s oversubscription—exceeding AED135 billion in demand from...
by Jibran Munaf | November 15, 2024 | Retail
China reported a notable 4.8% year-on-year increase in retail sales for October, surpassing the 3.8% forecast and marking an improvement from September’s 3.2% growth. This growth highlights the impact of recent stimulus efforts aimed at boosting the economy. However,...
by Priyanka Sharma | November 15, 2024 | News, science, Technology
The University of Sharjah (UoS) has signed a Memorandum of Understanding with the UAE Space Agency to cooperate in space science, research, technology, and applications to activate the UAE space strategy. The MoU was signed by Prof. Hamid M.K. Al Naimiy, Chancellor of...
by Jibran Munaf | November 15, 2024 | Technology
Samsung Electronics Co., the world’s largest producer of memory chips and smartphones, experienced its sharpest stock rally in nearly four years, with shares climbing as much as 8.6% on Friday. The surge ends a five-day losing streak and is attributed to growing...
by Jibran Munaf | November 14, 2024 | Aviation
Etihad Airways, the Abu Dhabi-based airline, reported a 66% rise in net profit for the first nine months of the year, bolstered by strong growth in passenger numbers. The carrier earned AED1.4 billion ($381 million) by September 30, up from AED814 million during the...
by Jibran Munaf | November 13, 2024 | Real Estate
Al Seeb Developers, part of the renowned Al Safeer Group, has launched Royal Regency Suites, a luxury residential project in Dubai’s Business Bay, valued at AED500 million ($136.13 million). The new development is positioned as an elite investment opportunity within...
