Amidst high profits, UAE-listed companies’ Q1-2024 results also show these costs Even as they deliver higher growth, UAE companies have to keep close watch on Q1-2024 results and costs The UAE’s earnings season kick-started the year with two basic themes: The impact
Meme stocks are having a resurgence – markets must hope it is short-lived Investors everywhere cannot afford to lose sight of stock fundamentals In ‘The Decline and Fall of the Roman Empire’, Edward Gibbon wrote: “The books of history were interesting to few,
Abu Dhabi heavyweight IHC’s ambitions take on a global route Investment heavyweight finally lands its Grupo Nutresa deal – and that’s not all In the short story ‘The Jesting of Arlington Stringham’, the commentator suggests ‘the people of Crete make more history than
Zones operator closes Q1 with ‘all-time high’ occupancy of 91% Dubai: The Dubai zones operator Tecom Group booked a 15 per cent increase in Q1-2024 net profit to Dh293 million from Dh255 million a year ago. This came off revenues of Dh564 million, up
Dubai grocery retailer sets share price at Dh1.53 Dubai: As expected, the Dubai retailer Spinneys has set its IPO price at Dh1.53 a share, the high end of its Dh1.42-Dh1.53 range. This will result in offer proceeds of Dh1.38 billion and a market cap
Spinneys is the latest Dubai IPO generating significant retail investor traction Dubai: the size of the retail investor offering in the ongoing Spinneys’ IPO process has been raised to 7 per cent from 5 per cent. This means these investors will get access to
Spinneys’ IPO numbers throw down a marker for UAE family businesses As latest UAE IPO opens, retail investors get another shot at raising their visibility It would not be much of an exaggeration to state that the story of the revival of the
Which trends should UAE investors be on lookout for? Property and stocks still offer much, even for risk-averse investors Just like Savanarola’s ‘Bonfire of the Vanities’, there was a bonfire the befell the US capital markets as it became increasingly apparent that expectations
Supermarket firm records Dh2.9b in 2023 sales – and EBITDA margins of a substantial 20% Dubai: The supermarket operator Spinneys will pay 70 per cent of its profit after tax to shareholders, the Dubai headquartered company has confirmed. Dividends will be paid in April
After Spinneys IPO, UAE stock markets take step closer to $1 trillion market cap Spinneys has just announced its IPO, and there will be more private sector names As investors start to think more critically of the IPOs coming out in the Gulf
