Hala,
🚀✨ 2,700-year-old “heavenly” jewelry made from meteorites found in Poland!(1) Scientists discovered that ancient artisans crafted bracelets, an ankle ring, and a pin from extraterrestrial iron. 🛠️🌠 Guess they were rocking out-of-this-world accessories before it was cool! 😆
- Bitcoin is having a bad week. The world’s biggest cryptocurrency just slid to its lowest level since mid-November, crashing near $88,000. That’s a 20% drop from its January peak, and it’s dragging down the rest of the market — Ethereum, Cardano, and Solana are all nursing double-digit losses.
- Hacks, tariffs and inflation — pick your poison! A $1.5 billion hack on Dubai-based Bybit has reignited crypto security fears, while U.S. tariff threats and persistent inflation worries are souring investor sentiment. With economic uncertainty piling up, risk appetite is in retreat.
- It’s not just crypto. Tech stocks took a hit, with Tesla sliding on weak European sales and government bond yields tumbling as investors scrambled for safety. With Nvidia earnings on deck, markets are waiting for a reason to believe again.
Stock Market Update
🌍📊 Wall Street tripped on Tuesday as economic growth jitters and trade woes sent the S&P 500 down 0.47% to 5,955.25 and the Nasdaq 100 tumbling 1.24% to 21,087.25, while the Dow stood firm, adding 0.37% to 43,621.16. Goldman Sachs, Wells Fargo, and JPMorgan also lost over 1% — looks like not even their vaults were market jitter-proof.(2) 🔐📉
📈🏦 Meanwhile, UAE markets stayed in the green: Dubai rose 0.1% to 5,342 thanks to Emaar and ENBD, while Abu Dhabi climbed 0.2% to 9,612, powered by ADNOC Gas.(3) ⛽💰
🌱✈️ Etihad Airways’ IPO: A Growth Spurt Taking Flight!
Like a sapling breaking through the earth, Etihad Airways is spreading its wings with a brand-new venture — its upcoming $1 billion IPO!(4) As the airline sets its roots deep in Abu Dhabi’s economic soil, it’s ready to soar to new heights. This isn’t just about raising funds; it’s about paving the runway for an expansive future. 🌍📈
🌳🛫 Etihad’s Growth Greenhouse: What’s on Offer
- Roots Spreading: The airline plans to offer 20% of its shares in a bid to fuel its global ambitions.
- Banking on Branches: A $1 billion IPO ready to nurture its expansion dreams.
- Pushing New Leaves: Etihad aims to hit 125 destinations by 2030, expanding like a tree with a wide canopy.
- Branching Out: 2.7 billion primary shares in the offering, all to reinvest in Etihad’s future, not its major shareholder.
- New Growth Rings: The airline’s highest-ever yearly net profit of 476 million dollars in 2024 proves Etihad is ready to climb higher and stronger. 🌱✈️
🌍✈️ Etihad’s Sky-High Ambitions: Branching Beyond
Just like the tallest trees in the forest, Etihad’s expanding rapidly, reaching for the skies. With its CEO Antonoaldo Neves at the helm and a major terminal expansion at Abu Dhabi’s Zayed International Airport, the airline’s leaves are stretching out across the globe. A $1 billion IPO is just the latest step in the airline’s towering journey toward becoming a global travel hub. If you’re looking for growth in aviation, this might be the branch to climb! 🌳🛫
Closer to Home
- 🚀 UAE’s telecom giant e& powered through 2024 with a record AED 10.8B ($2.9B) profit, up 4.3% YoY, fueled by three years of strategic transformation, while revenues surged to AED 59.2B (+10.1%). e&’s growth signal is loud and clear.(5) 📡
- 📦 Logistics heavyweight DHL’s e-commerce unit is fast-tracking into Saudi Arabia, snagging a minority stake in the kingdom’s parcel logistics company, AJEX. Big moves, bigger deliveries.(6) 💰
- 🏺 Saudi ceramics maker Hedab Alkhaleej Trading Company shaped a solid IPO, selling 800,000 shares (10.67% stake) at SAR52 ($13.86) and hitting 173% oversubscription.(7) #IPOSurge 🔥
What Else Is Trending
- 🚗 Tesla’s stock just braked hard — shares plunged 8% on Tuesday, dragging its market cap down below $1T after reports of underwhelming self-driving tech in China. Talk about hitting a speed bump.(8) ⛔
- 🛢️ Meanwhile, demand fears and rising output sent oil prices sliding 2% to a two-month low. Brent closed at $73.02, down 2.4% and WTI at $68.93, down 2.5%.(9) #SlipperyPatch 📉
- 🌟 Lastly, spot gold lost its luster, dipping 1.4% to $2,909.59 as investors locked in profits from Monday’s record high — guess even safe havens need a pit stop.(10) 🏁
💬Quote of the Day
“The creation of a thousand forests is in one acorn.” — Ralph Waldo Emerson, American essayist
Check out now: Earn 3.5% interest
Sources:(1) Interesting Engineering, (2) (8) CNBC, (3) (4) (5) (6) (7) Zawya, (9) (10) Reuters
