Business from Tuesday, May 13th, 2025

Dubai’s toll gate operator Salik has reported strong first-quarter results for 2025, with total revenue jumping nearly 34 per cent year-on-year to AED 751.6 million.

Dubai Holding is seeking to raise up to AED 1.79 billion ($487 million) through the Initial Public Offer (IPO) of its residential real estate investment trust (REIT).

Global shares rallied, while gold and safe-haven currencies slumped against a resurgent dollar on Monday as the US and China agreed to temporarily slash harsh reciprocal tariffs and cooperate.