Dubai

Talabat Soars in Dubai Debut Following Record-Breaking IPO

13 days ago

Talabat, the popular food delivery service in the Middle East, has made a significant splash in Dubai's stock market, following its initial public offering (IPO) which stands as the largest in the Gulf region for the year 2024. The company's shares climbed notably on their first day of trading, signaling strong investor interest and confidence in its business model amid a competitive landscape.

Dubai’s Talabat Dher IPO: A Major Milestone for the Stock Exchange Surge

15 days ago

Dubai's financial landscape continues to transform dramatically as the IPO of Talabat Dher marks a significant turnaround for the local stock exchange. This initial public offering, which has captivated investors and market analysts alike, reflects a deep revitalization of the region’s economic fabric and presents robust growth potential for the future.

The Rise of Alleged Crypto Scams in Dubai: A Financial Mirage?

17 days ago

Dubai, renowned as a global hub of luxury and innovation, is currently grappling with a surge in alleged cryptocurrency scams that are reportedly raking in billions of dollars. The city, which has positioned itself as a pioneer in cryptocurrency and blockchain technology, finds itself at a crossroads as various schemes exploit its favorable regulatory environment.

Talabat's Dubai IPO Raises $1.5 Billion, Quickly Sells Out

1 month ago

In a remarkable demonstration of market enthusiasm, the online food delivery service Talabat has announced that its initial public offering (IPO) in Dubai has successfully raised $1.5 billion, shortly after the subscription books were opened to investors. This swift sellout highlights strong demand for shares in the company, reflecting the growing appetite for technology-driven services in the Middle East.

Dubai's Exponential Job Growth Attracts Expats, Challenges City Infrastructure

2 months ago

Dubai is witnessing a remarkable surge in job opportunities, attracting an influx of expatriates eager to join its workforce. As a result, the city is grappling with significant challenges relating to its infrastructure and housing to accommodate the growing population. With a booming economy and a diverse range of industries expanding, Dubai stands as a top destination for professionals seeking new career fronts.

Dubai Imposes Stricter Regulations on Crypto Marketing Amid Growing Concerns

3 months ago

With the exponential growth in the cryptocurrency market, Dubai has implemented a number of new regulations in its efforts to rein in scam marketing. The Dubai Financial Services Authority announced a raft of far-reaching rules effective from September 26, 2024, which are aimed at bolstering investor protection and enhancing market transparency.

Uber Partners with China’s WeRide to Offer Robotaxi Rides in UAE

3 months ago

In what is arguably a revolutionary first in innovative mobility for people and products, Uber Technologies Inc. has partnered with China's self-driving company WeRide to introduce the robotaxi services into the UAE. The agreement between the two companies marks the beginning of a significant milestone toward deploying autonomous vehicle technologies across the region. It's bound to push a revolutionary transportation solution into the bustling metropolis of the Middle East.