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Global IPO market has never been hotter than it is right now

Bloomberg Companies are racing to public markets like never before, cashing in on record-high stock prices. An all-time high of almost $350 billion has been raised in initial public offerings in the first six months of this year, according to data compiled by Bloomberg, surpassing the previous peak of $282 billion from the second half of 2020 and enriching entrepreneurs ...

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Sheikh Mohammed approves new structure of Dubai Chamber entities

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved a new structure of Dubai Chambers’ board, on Sunday, to drive Dubai’s economic transformation and place the city as a global business hub. “We approved the new structure of the three Dubai chambers: Dubai Chamber of ...

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IMF gives unanimous support to $650 billion reserves plan

Bloomberg The International Monetary Fund (IMF) board gave its unanimous support to a proposal to create a record $650 billion of new reserves for its members, bringing the plan to increase resources for nations struggling with the pandemic one step closer to final approval. All members attending the meeting of the executive board — composed of 24 individuals from IMF ...

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