Good morning, friends, and welcome to a very busy morning for Zero Issue #002 of EnterpriseAM UAE. THE BIG STORY here at home is all the IPOs your heart could possibly desire. Dubai Taxi’s IPO sold out within the first hour of bookbuilding yesterday, while Phoenix Group closed its IPO offering period at a 33x […]
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Posted inPRIVATIZATION WATCH
Dubai Taxi IPO sells out in 60 minutes
DTC set its indicative price range at AED 1.80-1.85 per share
Posted inIPO WATCH
Phoenix Group closes IPO offering at 33x oversubscription rate
The crypto miner is offering 17.64% in the IPO
Posted inM&A WATCH
OSN+ and Anghami announce merger
The merger is expected to gather a revenue of USD 100 mn
Posted inFINANCE WATCH
Meet Alpheya
The USD 300 mn company will set up a wealth management tech platform
Posted inECONOMY
S&P affirms Sharjah’s credit rating + T&C assessment; outlook stable
Sharjah is expected to stabilize its debt-to-GDP ratio and improve fiscal performance
Posted inREAL ESTATE
Abu Dhabi rolls out USD 299 mn Emirati-only neighborhood
The project will offer Emiratis 347 residential units
Posted inREAL ESTATE
Moody’s forecasts robust UAE real estate market over next 12-18 months
There has been a 15% average increase in property prices in Dubai and Abu Dhabi since 2Q 2021
Posted inEARNINGS WATCH
Yalla Group earnings jump in 3Q 2023
Yalla Group’s bottom line surged 44.3% to reach USD 35.2 mn in 3Q