• Reuters

    UPDATE 1-Spinneys supermarket franchisee kicks off $375 million Dubai IPO

    Supermarket chain Spinneys' franchisee in the United Arab Emirates and Oman is seeking to raise as much as $375 million from the sale of a 25% stake in an initial public offering, it disclosed on Tuesday. The indicative price range was set between 1.42 dirhams and 1.53 dirhams, implying a market capitalisation of between 5.11-5.51 billion dirhams ($1.39-1.50 billion), it said in a statement. Spinneys 1961 Holding will offer 900 million shares, or 25% of its issued share capital, on the Dubai Financial Market.

  • France 24

    Asia hit hardest by climate and weather disasters last year, says UN

    Asia was the world's most disaster-hit region from climate and weather hazards in 2023, the United Nations said Tuesday, with floods and storms the chief cause of casualties and economic losses. Global temperatures hit record highs last year, and the UN's weather and climate agency said Asia was warming at a particularly rapid pace.The World Meteorological Organization said the impact of heatwaves in Asia was becoming more severe, with melting glaciers threatening the region's future water secur

  • Simply Wall St.

    Is There An Opportunity With Allane SE's (FRA:LNSX) 48% Undervaluation?

    Key Insights Allane's estimated fair value is €21.23 based on 2 Stage Free Cash Flow to Equity Current share price of...