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).
China says US talks vital as Trump targets Beijing's key partners
U.S.-China dialogue is vital to preventing globally damaging miscalculations, China's top diplomat said on Sunday, ahead of a highly anticipated summit this month between leaders Xi Jinping and Donald Trump.
Awqaf Abu Dhabi, LuLu Group launch AED100m projects for orphans
Abu Dhabi’s Endowments and Minors’ Funds Authority has signed an agreement with LuLu Group International to develop commercial projects worth AED100 million, with the returns aimed at supporting orphans in the UAE.
Alabbar shares he has 'no concerns' on UAE property market
Emirati businessman Mohamed Alabbar has stated that he has "no concerns" about the property market in the UAE amidst the ongoing regional developments.
UAE banking sector continues to operate without disruptions: CBUAE Governor
Banks, financial institutions and insurance companies across the UAE continue to operating normally, without disruptions, confirmed Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE).
