DIP Holding announced a final IPO price of Dhs1.12 per share, representing a Dhs9.7bn valuation. The offering, representing 20% of its capital, is expected to generate Dhs1.9bn in proceeds.
New variable parking fees in Dubai will take effect on April 4, Parkin PJSC – the largest operator of paid public parking facilities and services in the emirate – confirmed in a company disclosure posted on Dubai Financial Market...
The market's total revenues increased by 40% to reach AED 305.7 million.
Dubai Financial Market announced Achieved strong financial results during the first half From 2024, its profits increased by 74% to reach 195.4One million dirhams.
This strong growth is attributed...
The Dubai Financial Market (DFM) has signed an agreement with the Swiss Financial Market Infrastructure Group (SIX) to increase collaboration between the two regions’ exchanges.
A statement said the collaboration, agreed at Dubai Capital Market Summit, will focus on dual...
The United Arab Emirates is converting waste streams into valuable assets, from biofuel made from used cooking oil to organic fertilizers and textile recycling. New programs aim to cut landfill use and create economic opportunities.
A massive crash on Fujairah’s Sheikh Khalifa bin Zayed Road resulted in 14 fatalities and 30 injuries. Crown Prince Sheikh Muhammad personally met the family of Siddique Thuppilikaat Moideen to express his sympathy.
The UAE Cabinet issued Resolution No. 172, introducing administrative penalties for non‑Muslim worship sites that violate the 2023 federal law. The measure details reporting, suspension, training and appeal processes.
The United States targeted a communications tower on Iran’s Sirik island with MQ‑1 drones. Iran responded by destroying a US‑installed radar on Bahrain’s island. Both sides claim drone involvement.
A server fault halted Microsoft 365 services for more than half a day, impacting email, collaboration and AI tools across continents. Companies from airlines to stock exchanges reported delays and workarounds.
