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Careem said to hold IPO talks with banks

Dubai-based Careem is in early talks with banks about a potential initial public offering, according to people familiar with the matter. The ride-hailing company, which competes locally with Uber, started preliminary discussions as it prepares to hire financial advisers, the people said, asking not to be identified because the information …

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Revealed: The $32bn blueprint reshaping Bahrain

Bahrain is in the midst of a large-scale transformation. Several years into a modernisation programme – underpinned by $32bn of planned infrastructure projects and a large industrial hinterland that stretches well beyond the King Fahd Causeway – the island kingdom is already starting to see real economic benefits. This huge …

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