Bloomberg African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about $1.5 billion, according to people familiar with the matter. Jumia’s largest shareholder MTN Group Ltd. is planning to raise as much as $600 million from selling its shares through the IPO, said one of the people, who ...

VATICAN / WAM His Holiness Pope Francis, Head of the Catholic Church, reflected on his Journey to the United Arab Emirates, at his General Audience on Wednesday. The journey to the UAE “wrote a new page in the history of dialogue between Christianity and Islam,” His Holiness the Pope said, affirming that the visit underlined the commitment to “promote peace ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) on Wednesday announced the award of a dredging, land reclamation and marine construction contract to build multiple artificial islands in the first phase of development of the Ghasha Concession. The contract awarded to the UAE’s National Marine Dredging Company (NMDC) is valued at AED5 billion ($1.36 billion) and will ...