by Jibran Munaf | November 7, 2024 | Corporate Finance, Retail
Lulu Retail Holding has set the price of its initial public offering at AED2.04 ($0.56) per share, marking the top of its indicative range and valuing the company at AED21.1 billion ($5.75 billion). The IPO raised a record-breaking $1.72 billion, making it the largest...
by Jibran Munaf | November 7, 2024 | Commodities, Energy
Oil prices edged higher on Thursday, reversing a post-election sell-off as markets weighed potential supply disruptions from the re-election of Donald Trump and an intensifying hurricane in the Gulf of Mexico. Brent crude oil futures rose by 26 cents (0.35%) to $75.18...
by Jibran Munaf | November 7, 2024 | Automotive
Tesla CEO Elon Musk’s high-profile support for Donald Trump’s re-election is paying off for shareholders, with Tesla stock surging amid Trump’s victory. However, investors are speculating about what Musk’s relationship with the new administration will mean for Tesla’s...
by Jibran Munaf | November 6, 2024 | Energy
Oil prices edged higher as investors remained vigilant ahead of the closely contested U.S. presidential election, coupled with the looming threat of a tropical storm that could disrupt production in the Gulf of Mexico. West Texas Intermediate (WTI) crude rose 0.7%,...
by Alifiya H Ujjainwala | November 4, 2024 | Real Estate
Dubai’s real estate market is booming, thanks to its growing expatriate community. As rental prices soar, landlords are offering flexible payment plans, often allowing tenants to pay in 6-8 installments. With thousands of new residents moving to the city,...
by Jibran Munaf | November 3, 2024 | Energy
The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2024, the world’s largest gathering for the energy sector, will open on November 4th at the Abu Dhabi National Exhibition Centre (ADNEC). Under the theme “Connecting Minds. Transforming Energy,”...
