Abu Dhabi heavyweight IHC’s ambitions take on a global route Investment heavyweight finally lands its Grupo Nutresa deal – and that’s not all In the short story ‘The Jesting of Arlington Stringham’, the commentator suggests ‘the people of Crete make more history than
Zones operator closes Q1 with ‘all-time high’ occupancy of 91% Dubai: The Dubai zones operator Tecom Group booked a 15 per cent increase in Q1-2024 net profit to Dh293 million from Dh255 million a year ago. This came off revenues of Dh564 million, up
Spinneys is the latest Dubai IPO generating significant retail investor traction Dubai: the size of the retail investor offering in the ongoing Spinneys’ IPO process has been raised to 7 per cent from 5 per cent. This means these investors will get access to
Which trends should UAE investors be on lookout for? Property and stocks still offer much, even for risk-averse investors Just like Savanarola’s ‘Bonfire of the Vanities’, there was a bonfire the befell the US capital markets as it became increasingly apparent that expectations
Supermarket firm records Dh2.9b in 2023 sales – and EBITDA margins of a substantial 20% Dubai: The supermarket operator Spinneys will pay 70 per cent of its profit after tax to shareholders, the Dubai headquartered company has confirmed. Dividends will be paid in April
On its DFM debut, Parkin soars, but day traders could not pick up more as apps crash Dubai: For many retail investors in the UAE wanting to add more Parkin shares to their portfolio on the first day of listing, there was only disappointment.
UAE’s first IPO of 2024 catches a lot of heavy retail investor for secondary buying Dubai: At its DFM listing, Parkin’s stock surged over 35.2 per cent to Dh2.84, representing another strong start for a Dubai government entity going public. Parkin is coming
For them, the next step is to bulk up their stock holdings beyond minimum allotments Ever since Apple went public in 1980, the market for primary offerings has remained largely unchanged. A pattern emerged that the largest and most disruptive of companies were
At JLT and Al Furjan, apartments closest to the metro station now carry up to 30% premium Dubai: Thinking of renting an apartment at a location near a Dubai Metro station in JLT or at the fast emerging residential hub of Al Furjan?
UAE’s first IPO of 2024 has reportedly pulled in record retail over-subscription Dubai: As was widely anticipated, the retail part of the Parkin IPO has been raised, from 10 per cent to 12 percent, with the Dubai company confirming an ‘exceptional level of over-subscription’.
