Stock

Abu Dhabi’s ADNOC to sell 4 percent stake in ADNOC Gas through marketed offering

The offering will only be open to qualified institutional and other investors in a number of countries, including the UAE

ADX among top five exchanges globally in IPO proceeds, raising $3.35 billion in 2024

The exchange maintained its position as the second-largest bourse in the region and reinforced its ranking among the world's top 20 stock exchanges

DeepSeek surpasses ChatGPT as top app in App Store, Google Play

On iOS, DeepSeek is currently the No. 1 free app in the U.S. App Store and 51 other countries

Bahrain, Oman sign 25 cooperation agreements to strengthen bilateral relations

The Double Taxation Agreement aims to strengthen economic ties through improved tax collaboration

Saudi Arabia’s Nice One debuts strong: $320 million IPO soars 30 percent

Shares of the online cosmetics retailer soared to as high as SAR45.5 ($12.1) each

UAE gold prices fall AED5, global rates dip following Fed rate cut

Investor sentiment was impacted after the central bank signaled fewer rate cuts next year

Arab stock exchanges’ market cap rises 2.54 percent to $4.3 trillion in Q3 2024: Report

The Beirut Stock Exchange led the upward movement among Arab stock exchanges, with its index increasing by 29.03 percent

Saudi Arabia’s PIF sells 2 percent stc stake, raises $1.03 billion

PIF’s remaining stake in stc equates to 3.1 billion shares or 62 percent

GCC region’s IPO outlook remains positive for 2024 despite slower Q3: Report

Outlook for the GCC IPO market remains positive with a healthy IPO pipeline of companies from a diverse range of sectors

DFM net profits surge 60 percent to $81.3 million in first nine months of 2024

Outpacing regional markets, the DFMGI surged by 10.9 percent closing at 4,503.48 points, the highest level since 2014

ADNH Catering shares listed on ADX following successful IPO

The IPO raised gross proceeds of AED864 million, implying a market capitalization of AED2.16 billion at listing