Dubizzle announces its Dubai IPO, offering 30.34 per cent of shares, with Prosus investing $100 million to back the group’s regional growth
Equities
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AMD
AMD shares zoom 23.7% as OpenAI looks to take 10% stake in the company
OpenAI will deploy up to 6GWs of AMD Instinct GPUs over multiple years, beginning with a 1-gigawatt rollout in 2026
Capital Market Authority (CMA)
Saudi Arabia mulls opening Main Market to all foreign investors in landmark reform
Saudi Arabia’s CMA launches consultation to open its Main Market to all foreign investors, ending QFI rules and swap agreements
ALEC
ALEC IPO raises $381m after 21x oversubscription in UAE’s biggest construction listing
ALEC’s IPO on the DFM raised $381m with demand topping $8.1bn, marking the UAE’s biggest-ever construction listing by size and value
Almasar Alshamil Education
Amanat’s education subsidiary Almasar receives Saudi CMA approval for Tadawul IPO
Advanced negotiations are being led by an alliance that includes prominent Saudi companies, alongside Emirati partners, to acquire the Exhibition Grounds in Nasr City, Cairo, for more than 700 million US dollars
Capital Market Authority
Saudi Arabia may scrap foreign ownership limit rules; markets see 5-year surge
Markets soar in Saudi Arabia as reports suggest foreign ownership caps could be lifted
ALEC
Dubai IPO: ALEC Holdings offers 1bn shares, market cap up to $1.91bn
ALEC Holdings sets Dubai IPO price range at AED1.35–1.40 per share, valuing firm at up to AED7bn, with AED500m dividend planned for 2026
eToro
85 per cent of UAE investors bet on local stocks as global trade tensions rise: eToro
Survey of 1,000 UAE retail investors finds strong confidence in local equities, with real estate and technology leading sector preferences
DP World
DP World revenues soar 20.4% to $11.24bn for H1 despite global trade headwinds
Adjusted EBITDA up 21.4% at $3.03bn; Net profit up 68.5% to $960mn; Company on track for full-year capex target of $2.5bn
Retail
UAE retailer Union Coop’s H1 2025 net profit jumps 6.4% to $47.47 million
Total income at $315.32mn; Profit before tax at $52.28mn; Second-quarter profits grow by 13%
Oman
Omani ports record double-digit growth in ship traffic and container handling
Container and cargo handling in the ports grew 11.7%, while ship traffic increased 11.1% during the six months of 2025
Stocks
UnitedHealth stock soars after Buffett’s Berkshire buys 5.04mn shares
America’s largest health insurance company had fallen nearly 63% from a 52-week high of $630.73 before Friday’s surge
Abu Dhabi
TAQA revenue grows 4.5% to $7.73bn in H1 but profitability takes a hit
Despite pressures, it continued to execute its international strategy, with new partnerships in Morocco and acquisitions in the UK and Uzbekistan
Drake & Scull International
Drake and Scull reports $1.77mn net profit as H1 revenue up 57% to $21.2mn
Strong performance in wastewater and water treatment projects across key markets, including India, Tunisia, Romania, and Jordan
LuLu Retail
Lulu Retail H1 revenue surges 5.9% to $4.1bn, net income up by 9.1%
EBITDA for H1 up 7% at $418mn and 7.6% for Q2 at $204mn; Strong growth in the UAE and KSA, but revenue declines in Oman and flat in Qatar
district cooling
Empower reports 7.1% growth fueled by rising Dubai real estate occupancy levels in H1 2025
During the first half of the year, the company also signed 86 new contracts to supply cooling to various real estate projects across Dubai
Abu Dhabi
ADNOC L&S defy market expectations with record-breaking Q2 and H1 numbers
Q2 revenue up 40% $1,258mn; EBITDA grows 31% to $400mn; Net profit increases 14% to $236mn; Company raises Full-Year EBITDA Guidance