Talabat’s MEGA listing
This isn’t just the UAE’s biggest IPO of the year — it’s the world’s largest tech listing of 2024. Talabat is a household name in the Middle East, and the food-delivery giant has everyone from small investors to market pros interested in its debut. But don’t let the oversubscription (more than 10x!) fool you into expecting fireworks on Day 1. Recent IPO flops have taught us better — find our take here. (December 10)
Abu Dhabi talks $$$$
Abu Dhabi Finance Week is here, running Monday through Thursday, and the lineup is *chef’s kiss*. Think BlackRock’s Larry Fink, Bridgewater’s Ray Dalio and senior execs from global banking giants like Morgan Stanley, HSBC, UBS and Citi — all in one place. They’ll be sharing their thoughts on everything from market outlook to global finance trends. We’re talking veteran wisdom on steroids. MONIIFY will be on the ground bringing you the juiciest takeaways, so stay tuned. (December 9-12)
Inflation data from India and the US
Dalal Street has a little big date with inflation numbers. In October, inflation hit a 14-month high of 6.2%, smashing past the central bank’s 6% upper limit. A rate cut isn’t happening anytime soon (or even until price pressures drop closer to 4%), though experts are hopeful of a cut in the next RBI meet in February. November’s CPI print will be key to seeing how soon — or how long — it is before the RBI might finally ease rates.
Wall Street has its own inflation jitters to deal with. Monthly inflation over in the US has been stagnant for months, but signs of price pressures are creeping in again. Throw in Donald Trump’s tariff and tax plans, and we could see inflation spice up even more. The stakes are HIGH ahead of the Federal Reserve’s December 18 meeting, where a 25-basis-point cut is expected. (December 11-12)
