Markets News

Dubai: Talabat to launch IPO in mid-December

The deal, set by the German parent for the fourth quarter, could start as soon as Monday

Dubai: Talabat to launch over $1-billion IPO next week, sources say

The IPO launch, which could start as soon as Monday, comes amid a frenzy of public listings in the region

UAE Central Bank reduces interest rates following US Fed cut

25bps cut in line with US Fed move

US Federal Reserve cuts rate as inflation cools

Central bank lowers policy rate to 4.50%-4.75% range

Gold regains ground on dollar's retreat as markets await Fed rate decision

Fed embarked on its policy easing cycle with an unusually large half-percentage-point rate cut in September

Dubai: Gold prices inch slightly higher after plunging Dh10 per gram from Monday

Globally, gold was trading at $2,657.52 per ounce, down 0.38 per cent at 9.10am UAE time, hitting more than a three-week low on Thursday

Will UAE dirham strengthen against global currencies after Trump win?

Analysts says Donald Trump's return as US President bodes well for equities, dollar

UAE: Lulu plans to open 100 stores, create thousands of jobs across GCC in 5 years

The retailer caters to more than 600,000 shoppers daily across its 240 outlets in the region

Dollar soars, bitcoin hits record and stocks rally as Trump win seen

Bitcoin piled almost $6,000 higher to a record $75,005.06, topping its previous peak of $73,797.98 hit in March

Outlook for GCC IPOs remains positive for 2024, PwC report shows

Four notable listings completed since the end of the quarter across a diverse range of sectors