economy

Resilient MENA IPO market generates $2.64 billion in Q2 2024, set for strong remainder of year: Report

Q2 global IPO activity experienced 15 percent drop in offerings and 31 percent decline in proceeds

Starbucks bets on Chipotle’s turnaround guru to brew up a comeback – but who is Brian Niccol?

The coffee retailer has appointed Niccol as its new chairman and CEO effective September 9

Oil prices rise as U.S. stockpiles shrink, Fed rate cut bets grow

Brent crude oil futures for the October delivery rose 0.5 percent to $81.09 per barrel

UAE’s ADNOC Drilling to join MSCI flagship indexes, boosting global visibility and investor appeal

The company will become the 12th member of the MSCI UAE index after meeting the necessary criteria

UAE nationals receive $691.53 million in home construction tax refunds from FTA

This covers the period since the service was launched and until the end of the first half of 2024

Air Arabia reports $188.67 million net profit in H1 2024, continues network expansion and sustainability efforts

The airline achieved a turnover of $449.22 million, a 19 percent increase year-over-year

UAE’s diversified economy maintains robust growth in real estate, tourism, and manufacturing: OPEC

OPEC reported that the housing, utilities, and fuels sector rose to 6.7 percent YoY in June, up from 6.6 percent in May

Kuwait Warba Bank’s $500 million sukuk listing on Nasdaq Dubai attracts $1.8 billion in orders

This is the fourth listing under their $2 billion trust certificate program

Dubai’s Parkin reports $114.62 million in H1 2024 revenue, expands to 200,400 spaces

The company's Q2 2024 financial results saw a 12 percent increase in total revenues, reaching $55.94 million

Oil prices decline as OPEC lowers 2024 demand forecast amid China slowdown

Global benchmark Brent crude futures dipped 78 cents, or 0.95 percent, to $81.52 a barrel