Banking & Finance Gulf IPOs raise 45% more in Q2 than last year The money raised in IPOs in the Gulf region soared in the second quarter of the year, with 14 deals worth a total of $2.64 billion struck in the healthcare, education and technology sectors. The number of IPOs rose only slightly year on year, from 13 listings in the second quarter of 2023, but proceeds […] August 13, 2024
Trade Austrian finance unicorn to open in UAE Austria’s first unicorn has announced plans to set up in Dubai, as officials from the UAE hold top-level talks in Vienna to build on a 22 percent increase in bilateral trade last year A unicorn is a startup company valued at more than $1 billion that is privately owned and not listed on a share […] May 24, 2024
Giga-projects Largest water park in Middle East to open in Qiddiya next year The largest water theme park in the Middle East is on target to open in the city of Qiddiya next year, its developer has announced. Aquarabia, the first water park in Saudi Arabia, will have four record holders among its 22 rides, including the world’s tallest “water coaster” and tallest water slide. It will also […] May 7, 2024
