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Dubai becomes a top-five IPO destination as DEWA shares soar on debut
DEWA shares surge on debut: The Dubai Electricity and Water Authority’s (DEWA) shares jumped as much as 23% on their…
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Dubai utilities firm makes USD 6 bn debut + Surprise: War in Europe is bad for global trade
DEWA pulls off one of the biggest IPOs since Aramco: Dubai’s main utilities firm DEWA has raised USD 6.1 bn…
US share rally ends after hopes for Ukraine peace talks fade
Has the bear-market rally run out of steam? US shares ended a five-day run of gains yesterday as hopes for…
Investors exit EM equities, global IPOs plunge as Ukraine fallout + rising rates spook the markets
EM funds are seeing heavy outflows on the back of the global uncertainty: Emerging-market equity funds have lost a combined…
Chinese shares suffer biggest sell-off since ‘08 on covid, Ukraine fears
Chinese stocks see biggest sell-off since the 2008 recession: Hong Kong-listed Chinese stocks had their worst day since the global…
UAE has no plans to start taxing personal income + Aramco rides the oil boom
A tax on the incomes of people living in the UAE “is not at the table at all now,” Minister…
THIS MORNING: It’s finally getting warmer + Zooba among MENA’s 50 best restaurants
Good morning, friends. It’s hump day, and our reward is pleasantly busy news morning — a relief after something like…
A big addition to Saudi’s listing pipeline + Dubai looks to mollify business over corporate tax
Another blockbuster Saudi IPO? The kingdom’s largest retail pharmacy chain, AlNahdi Medical, hopes to raise USD 1.3 bn in its…
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