ADNOC completes private placement of 1.25 billion shares of ADNOC Distribution

ADNOC has completed a private placement of 1.25 billion shares of ADNOC Distribution listed and traded on the Abu Dhabi Securities Exchange. The shares were sold to institutional investors with a total value of Dh3.7 billion, in a deal considered the largest of its kind in the region for a publicly listed company.

Uber faces a make-or-break legal challenge in London this week

London: Uber Technologies Inc. returns to a London court this week as it fights to continue operating in the British capital. On Tuesday, Uber will begin a three-day trial at Westminster Magistrates Court by outlining why Transport for London’s decision to strip its operating license should be appealed. It’s the second time the ride-hailing app […]

Dubai startup KF Solutions launches ‘Kundera’ app to deliver research for you

Dubai: Want to do some research but don’t have the patience to wade through all the options in Google Search? Try ‘Kundera’, an app from a Dubai-based startup that promises to deliver all of that research to you… within minutes. Currently available only in English, the Arabic version is due early next year. But does […]