Dubai's TECOM Group has debuted on the Dubai Financial Market (DFM) successfully.
The IPO was 21 times oversubscribed with total gross demand surpassing AED 35.4 billion.
The final offer price was set at AED 2.67 per share, giving it a valuation of AED 13.4 billion.
Speaking exclusively to ARN News, Abdulla Belhoul, CEO of Tecom Group says it's an important milestone for Dubai and the group, and gave details of the demand for the share offering.
Trump says he will raise tariff on autos from EU to 25%
US President Donald Trump said on Friday he would increase tariffs on cars and trucks from the European Union to 25 per cent next week, saying the bloc had not complied with its trade deal with Washington.
UAE–South Korea CEPA comes into force on May 1
The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and South Korea will officially enter into force on May 1, 2026.
Meraas awards AED 2.4 billion in construction contracts for 'The Acres'
Meraas, a member of Dubai Holding Real Estate, has awarded AED 2.4 billion in main construction contracts for new phases of its flagship villa developments, The Acres and The Acres Estates, in Dubailand.
Bangladesh set to sign Boeing jet deal, shifting from Airbus
Bangladesh is set to sign a deal on Thursday to buy 14 aircraft from US planemaker Boeing, officials said, a move that marks a shift away from Europe's Airbus amid trade pressure from Washington.
UAE Circular Economy Council focuses on food security, sustainable growth
The UAE Circular Economy Council held its first meeting of 2026 on Wednesday, with discussions centred on strengthening food security, expanding sustainable production, and increasing investment in circular economy sectors.
The UAE has welcomed a new resolution adopted by the International Maritime Organization’s (IMO) Marine Environment Protection Committee during its 84th session.
At the United Nations Security Council, the UAE has called for the immediate and unconditional reopening of the Strait of Hormuz, urging that Iran be held fully accountable for obstructing international navigation.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has praised the efforts of the first batch of Emirati government officials to secure scholarships to study at the world's top universities.
