Indian budget airline IndiGo is set to launch an expected $465 million (AED1.7 billion) initial public offering (IPO) this week. The IPO - India's largest in three years - is expected to open on Tuesday until Oct 29, reports said. Operated by InterGlobe Aviation, IndiGo is the country's largest airline by passenger numbers. It is expecting a valuation of $4 billion (AED14.69 billion) with shares initially priced in the range of Rs 700-765 (AED39.6- 43.2).
Musk orders US federal staff to work by Monday or resign
The Trump administration sent emails on Saturday evening to US federal government employees telling them to detail their work accomplishments from the previous week by Monday night or risk losing their jobs.
ADNOC completes $2.84 bn marketed offering of ADNOC Gas shares
Abu Dhabi National Oil Company (ADNOC) announced on Friday the final offer price and successful completion of the marketed offering to institutional investors of 3.1 billion ordinary shares in ADNOC Gas plc.
Etihad Airways hits record profit of AED 1.7 billion in 2024
Etihad Airways tripled its net profit to AED 1.7 billion ($476 million) last year, driven by AED 25 billion ($6.8 billion) in combined passenger and cargo revenue, the UAE carrier said on Wednesday.
UAE hotels record AED 37.1 billion in revenue last year
Hotels in the UAE generated approximately AED 37.1 billion in revenue from January to October 2024, marking a four per cent increase compared to the same period in 2023.
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