Category Archives: Business & Investments

Business & Investments

18ᵗʰ Annual GPCA Forum to Take Place in Oman This December

H.E. Salim bin Nasser bin Said Al Aufi, Minister of Energy and Minerals, Oman will deliver a Ministerial address on 2 December 2024

Muscat, Oman, 20 August 2024 – The 18th Annual GPCA Forum, the Gulf Petrochemicals and Chemicals Association (GPCA) flagship event, hosted by OQ, will take place for the first time in Oman Convention & Exhibition Centre, Muscat, Oman, from 2-5 December 2024. The forum will address the theme “Industry’s Next Chapter: Driving Sustainable Advancement for Global Progress”, attracting delegates from across the region and globally over four days of knowledge sharing, networking and collaboration.

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Business & Investments

Automechanika Dubai Awards to set the standard for innovation in the MEA automotive aftermarket

13 categories will highlight achievements in the industry

Applications for the 4th Automechanika Dubai Awards are open until 30 August 2024 with the winners announced on 11 December at the Dubai World Trade Centre

Dubai, UAE: Automechanika Dubai, the leading event for the automotive aftermarket industry, has announced the opening of the 2024 Automechanika Dubai Awards. This prestigious event honours outstanding achievements and innovations in the automotive aftermarket and service industry for the fourth year.

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Business & Investments

eToro users can now invest in top DFM listed companies

Dubai, 20 August 2024 – eToro, the trading and investing platform, today announced its partnership with Dubai Financial Market (DFM), enabling eToro’s 38 million registered users to invest in 10 companies listed on the exchange. These DFM listed companies collectively boast the highest market capitalization and liquidity rates, spanning a broad range of sectors including real estate, banking and finance, utilities, public services, logistics, and transport.

This partnership aims to broaden investment opportunities for eToro’s user base and highlights the growing appeal of Dubai’s Financial Market. By integrating DFM stocks on the eToro platform, users can now diversify their portfolios with high-performing stocks from the region’s leading exchange. Through this strategic alliance, eToro users gain access to a diverse selection of top DFM-listed companies, expanding investment horizons and enhancing the trading experience.

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Business & Investments

ADNOC joins MEIRA conference to promote regional best practice in Investor Relations 

Abu Dhabi, UAE – August 20th, 2024 – ADNOC Group will be the main sponsor of this year’s Middle East Investor Relations Association (MEIRA) conference to be hosted in Abu Dhabi on December 11-12, 2024, in support of the organisation’s aims to promote best practice in investor relations (IR) and corporate governance across the region.

ADNOC’s listed subsidiaries will engage directly with analysts and investors at the conference, which includes a corporate access forum in response to strong interest in the region’s dynamic economies and capital markets. 

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Business & Investments

PwC Middle East Report Highlights Two UAE Listings in Top 5 GCC IPOs for Q2 2024

  • 13 IPOs raised a total of $2.6bn in Q2 2024 across the GCC, compared to 13 IPOs in Q2 2023 that raised $1.8bn
  • IPOs in Saudi Arabia accounted for over 61% of total GCC IPO proceeds in this quarter ($1.6bn)
  • The largest IPO of the quarter was Dr. Soliman Abdel Kader Fakeeh Hospital Company raising $763m on Tadawul Main Market

Dubai, United Arab Emirates – 14 August 2024 – PwC Middle East’s latest IPO+ Watch highlights  a total of 13 IPOs raised $2.6 bn in the region in Q2 2024, compared to the same number of IPOs in the corresponding period in 2023 that raised $1.8bn. Notable listings this quarter include Dr. Soliman Abdel Kader Fakeeh Hospital Company, which raised $763m on Tadawul, as well as Alef Education and Spinneys, two of the largest listings in the UAE.

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