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Alec’s shares gain 0.7% on debut
The stock earlier touched a high of AED 1.50
Davidson Kempner latest to join ADGM rush
Plus: Al Mal Capital REIT enters healthcare space
UAE 3Q project awards down 65.8%
The drop was led by weaker construction, transport, and power activity
Dubai tightens regulations around engineering consultancies
The law bans unlicensed firms or individuals from offering consultancy services, with violators facing fines of up to AED 100k
Alec’s Dubai IPO to closed 21x oversubscribed, raises AED 1.4 bn
Trading is set to kick off on Wednesday, 15 October
Alec Holding’s Dubai IPO sells out in hours
The IPO could raise up to AED 1.4 bn at the top of the range
Dragon Oil expands Iraqi footprint with new agreements
Plus: UAE and Egypt inked five MoUs to boost collaboration in the aviation sector
UAE construction pipeline swells
The UAE is on track to reach USD 130.8 bn in output by 2029, with growth averaging 4% a year
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