Investment bank Lazard $LAZ has announced the opening of a new office in Abu Dhabi, the capital of the United Arab Emirates. This strategic move is designed to enhance the bank's regional presence and establish its office as a central hub for financial consulting services. The development underscores Lazard’s commitment to remaining at the forefront of the competitive financial services landscape.

Alpha Data, a UAE-based IT services company, has announced its plans for an initial public offering (IPO) on the Abu Dhabi stock market. This decision is part of the growing momentum in listings across the Middle East, where investor interest is on the rise.