???? Etihad Takes Flight with $1B IPO!

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! ????

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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

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amana.app

Sources:(1) Interesting Engineering, (2) (8) CNBC, (3) (4) (5) (6) (7) Zawya, (9) (10) Reuters