Abu Dhabi stocks are lagging global peers as companies tied to a powerful royal drag down the index after supporting it for several years.
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Abu Dhabi’s IHC Eyes Buyback as Stock Cools After 43,000% JumpInternational Holding Co., the sprawling conglomerate chaired by one of Abu Dhabi’s most powerful royals, has planned its 5 billion dirham ($1.4 billion) buyback program to revive its share price as the 43,000% rally in its stock cools.
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Top Crypto Options Desk QCP Gets Abu Dhabi Regulatory NodQCP Capital, one of the largest options trading desks for digital assets, won initial approval to operate in Abu Dhabi, becoming the latest crypto firm to expand in the Middle East.
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Cory Sandhagen vs. Umar Nurmagomedov to Headline UFC Abu Dhabi on Aug. 3Cory Sandhagen will face Umar Nurmagomedov in the main event of an Ultimate Fighting Championship card in Abu Dhabi on Aug. 3.
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Marlon Vera, Deiveson Figueiredo Agree to Meeting at UFC Abu Dhabi on Aug. 3The Ultimate Fighting Championship is stacking the deck for its return to Abu Dhabi this summer.
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Edtech Firm Seeks $515 Million in Abu Dhabi’s First IPO of 2024Abu Dhabi-based Alef Education’s shareholders are looking to raise as much as 1.89 billion dirhams ($515 million) in an initial public offering that will be the first in the United Arab Emirates’ capital this year.
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Abu Dhabi’s Shorooq Eyes $100 Million Fund with South Korean BackingAbu Dhabi-based technology investor Shorooq Partners reached the initial close of its second private credit fund with backing from regional and Korean investors, underscoring the growing ties between the United Arab Emirates and the Asian nation.
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