Lulu Retail’s record-breaking IPO raises AED 6.32 billion, with robust investor interest signalling strong confidence in the UAE retail giant’s growth potential.

The UAE banking sector has achieved record capital reserves of over 500 billion dirhams, with foreign and national banks collectively bolstering the economic landscape.

The UAE has mandated a nationwide measles booster campaign to safeguard public health and align with global eradication goals, focusing on high immunisation rates for children. Schools are urging parents to prioritise vaccinations.

The UAE has signed a groundbreaking agreement with the German multinational conglomerate Siemens to cut energy and water use in federal buildings by 27% in order to modernise infrastructure in the Emirates.

Property brokerage Driven Properties has finalised the largest real estate deal Downtown Dubai for the fiscal year of 2024, acquiring Emaar Square Building 3 for 505 million dirhams.

Dubai’s RTA launches a six-month taxi-sharing service between Dubai and Abu Dhabi, offering cost-effective, environmentally friendly travel options with up to 75% savings. The service could expand based on public demand and success.

UAE grocery titan LuLu Retail has increased its IPO size to 30% amid strong investor demand, attracting significant investments from entities like Masarrah Investment Company.

Enersol’s $223M acquisition of Deep Well Services aims to transform UAE energy, leveraging advanced technologies for high-pressure well completions and strategic automation.