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).
UAE and Ireland boost cooperation in tourism and the new economy
The UAE and Ireland are set to deepen economic and tourism collaboration following high-level talks in Dubai between Abdulla bin Touq Al Marri, Minister of Economy and Tourism, and Ireland’s Minister for Enterprise, Tourism and Employment, Peter Burke.
ADX sees introduction of 17 securities during 2025
The Abu Dhabi Securities Exchange (ADX) saw the introduction of 17 securities during 2025, Group CEO Abdullah Salem Al Nuaimi said on Tuesday.
Microsoft unveils $23 billion in new AI investments with big focus on India
Microsoft on Tuesday unveiled about $23 billion in new artificial intelligence investments, with the bulk earmarked for India as it deepens its bet on one of the world's fastest-growing digital markets.
FNC approves Union General Budget for Fiscal Year 2026
The Federal National Council (FNC) approved a federal draft law on Tuesday, linking the Union General Budget and the budgets of independent federal entities for the fiscal year 2026.
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