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).

US strikes deal to control 65 billion barrels of Venezuela's oil reserves
UAE grants Elon Musk's Starlink licence to provide satellite internet services
UAE real estate sector records strong H1 growth
UAE-Lebanon Business Forum drives new wave of partnerships