Uber shares plummeted on their debut in the stock market.
Shares dropped close to 7.6 per cent on their first day of trading.
Shares ended on $41.51 (AED 152.47) below the company's listing price of $45 (AED 165.29).
Overall, it's clear that the share market listing has failed badly to win over investors.
Dubai Duty Free boss to retire after 41 years
After 55 years in the travel retail industry and 41 at the helm of Dubai Duty Free (DDF), Colm McLoughlin, Executive Vice Chairman & CEO has announced that he is stepping down from his role on May 31, 2024.
Sharjah airport welcomes over 4 million passengers
More than 4.2 million passengers travelled through Sharjah Airport in the first quarter of 2024, marking a 10 per cent year-on-year increase.
DXB on track to surpass 90 million passengers in 2024
His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority (DCAA), Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group, says he expects passenger traffic at Dubai International Airport to exceed 90 million by the end of this year.
Apple unveils AI-focused chip in upgraded iPad Pro
Apple on Tuesday introduced a new chip called the M4 that it said would outclass personal computers designed for artificial intelligence - but put the new chip in an iPad Pro model rather than a laptop.
Jumeirah unveils new brand identity
Jumeirah has unveiled a new brand identity as part of its growth strategy to double the size of its portfolio by 2030.
The UAE has strongly condemned Israel's seizure of the Rafah border crossing in Southern Gaza and warned of the consequences of military escalation.
Dubai Metro will return to full operations on May 28, Dubai's Roads and Transport Authority (RTA) has announced.
A seven-year-old boy has died after being left behind accidentally inside a locked vehicle in Sharjah.
