MENA bucks global IPO slowdown raising over $13 billion in first half of 2022

MENA bucks global IPO slowdown raising over $13 billion in first half of 2022

The biggest IPO was by Dubai Electricity and Water Authority (DEWA) which raised over $6 billion, showing an oversubscription by 37 times

Investments in MENA startups in July plummet by 84 percent at $105 million – lowest so far this year

Saudi Arabia saw a 55 percent drop in investment value, and there was a 73 percent drop for UAE startups

UAE money exchange giant Al Ansari considers Dubai IPO

It comes as the Dubai bourse recently saw listings of major local companies including TECOM Group and Union Coop

Dubai’s Global Village to open on October 25 with new attractions

Season 27 of the annual event will see new pavilions and a “road of Asia” segment featuring 43 kiosks

Dubai’s commercial rental values up by 10 percent amid rush for top-end office spaces: Report

The bulk of the leasing activity during the first six months of this year was observed across sub-markets such as DIFC, DWTC, DMCC, Dubai Media City and Dubai Internet City

Kuwait’s Agility completes $930 million takeover of British airport services John Menzies

The Kuwaiti company bought the firm for £763 million ($930 million), and the deal will combine John Menzies with Agility’s National Aviation Services – operating in a total of 58 countries

Dubai real estate remains upbeat on both demand and supply side: Report

The report lists Expo 2020 infrastructure and Golden Visa as factors that will drive growth even further in the second half of the year

RAK’s Al Hamra to offer home buyers residence visas and free trade license in new development

The building will comprise studios and, one-, and two-bedroom apartments, and will be sold at a starting price of AED450,000

Abu Dhabi to use social media data to combat future epidemics

The new epidemic model will uses big data from social media to monitor population traffic and social distancing

Abu Dhabi bourse partners with TradingView to attract global investors

The regional stock exchange’s market data can be accessed by local, regional and international investors via the US-based financial information portal

Digitising Arabic lexicon: Facilitating companies scale global borders

With hyperlocal content making headway into our everyday lives, the need for Arabic content services has grown exponentially in the region. Superior technology comes to the rescue

Could embracing the metaverse at this early stage prove to be ‘virtual insanity’ for travel companies?

There’s certainly lots to suggest that all but the most forward-thinking of travel companies might want to wait a few years before making their move