Universal Corporation Receives NYSE Notice Regarding Filing of Form 10-Q for the Fiscal Quarter Ended September 30, 2024Reviews of movies showing in theaters or streaming onlineFewer Filipinos expect a happy Christmas, survey shows
November 25, 2024 This article has been reviewed according to Science X's editorial process and policies . Editors have highlightedthe following attributes while ensuring the content's credibility: fact-checked trusted source proofread by Kurt Bodenmüller, University of Zurich When asked in Arabic about the number of civilian casualties killed in the Middle East conflict, ChatGPT gives significantly higher casualty numbers than when the prompt was written in Hebrew, as a new study by the Universities of Zurich and Constance shows. These systematic discrepancies can reinforce biases in armed conflicts and encourage information bubbles. Every day, millions of people engage with and seek information from ChatGPT and other large language models (LLMs). But how are the responses given by these models shaped by the language in which they are asked? Does it make a difference whether the same question is asked in English or German, Arabic or Hebrew? Christoph Steinert, a postdoc at the Department of Political Science of the University of Zurich (UZH), and physicist Daniel Kazenwadel from the University of Konstanz, Germany, have now conducted a systematic analysis of this question. The results are published in the Journal of Peace Research . Information shapes armed conflicts The researchers explored the issue in the contentious context of the Israeli–Palestinian and Turkish–Kurdish conflicts. They used an automated query procedure to ask ChatGPT the same questions in different languages. For example, the researchers repeatedly prompted ChatGPT in Hebrew and Arabic about the number of people killed in 50 randomly chosen airstrikes, including the Israeli attack on the Nuseirat refugee camp on 21 August 2014. "We found that ChatGPT systematically provided higher fatality numbers when asked in Arabic compared to questions in Hebrew. On average, fatality estimates were 34% higher," Steiner says. When asked about Israeli airstrikes on Gaza, ChatGPT mentions civilian casualties more than twice as often and killed children six times more often in the Arabic version. The same pattern emerged when the researchers queried the chatbot about Turkish airstrikes against Kurdish targets and asked the same questions in Turkish and Kurdish. The phrase "The first casualty when war comes is truth" is often attributed to U.S. senator Hiram Johnson (1866–1945). Throughout history, selective information policies, propaganda and misinformation have influenced numerous armed conflicts. What sets current conflicts apart is the availability of an unprecedented number of information sources—including ChatGPT. Exaggerated in one language, embellished in the other The results show that ChatGPT provides higher casualty figures when asked in the language of the attacked group. In addition, ChatGPT is more likely to report on children and women killed in the language of the attacked group, and to describe the airstrikes as indiscriminate. "Our results also show that ChatGPT is more likely to deny the existence of such airstrikes in the language of the attacker," adds Steinert. The researchers believe this has profound social implications, as ChatGPT and other LLMs play an increasingly important role in information dissemination processes. Integrated in search engines such as Google Gemini or Microsoft Bing, they fundamentally shape the information provided on various topics through search queries. "If people who speak different languages obtain different information through these technologies, it has a crucial influence on their perception of the world," Christoph Steinert says. Such language biases could lead people in Israel to perceive airstrikes on Gaza as causing fewer casualties based on information provided by LLMs, compared to Arabic speakers. Unlike traditional media , which may also distort the news, the language-related systematic biases of LLMs are difficult for most users to detect. "There is a risk that the increasing implementation of large language models in search engines reinforces different perceptions, biases and information bubbles along linguistic divides," says Steinert, which he believes could in the future fuel armed conflicts such as in the Middle East. More information: Christoph Valentin Steinert et al, How user language affects conflict fatality estimates in ChatGPT, Journal of Peace Research (2024). DOI: 10.1177/00223433241279381 Provided by University of Zurich
Prime Bank Investment honoured with global award21 dead as Mozambique erupts in violence after election court ruling
Repeat banned driver who failed to do court-ordered work is fined insteadNvidia’s stock dips after China opens probe of the AI chip company for violating anti-monopoly laws
NoneNEW YORK (AP) — The man accused of burning a woman to death inside a New York City subway train used a shirt to fan the flames, a prosecutor said Tuesday at his arraignment on murder charges. Sebastian Zapeta, 33, who federal immigration officials said is a Guatemalan citizen who entered the U.S. illegally, was not required to enter a plea and did not speak at the hearing in Brooklyn criminal court. Zapeta, wearing a white jumpsuit over a weathered black hooded sweatshirt, will remain jailed at the city's Rikers Island complex and is due back in court on Friday. His lawyer did not ask for bail. Zapeta is charged with two counts of murder, accusing him of intentionally killing the woman and killing her while committing arson. He is also charged with one count of arson. The top charge carries a maximum sentence of life in prison without parole. Brooklyn District Attorney Eric Gonzalez called the attack a “gruesome and senseless act of violence” and said it would be “met with the most serious consequences.” The apparently random attack occurred Sunday morning on an F train that was stopped at the Coney Island station. The victim's identification is still pending. Authorities say Zapeta approached the woman, who may have been sleeping in the train, and set her clothing on fire with a lighter. Zapeta then fanned the flames with a shirt, engulfing her in fire, Assistant District Attorney Ari Rottenberg said in court Tuesday. Zapeta then sat on a bench on the subway platform and watched, Rottenberg said. According to Rottenberg, Zapeta told detectives that he didn’t know what happened but identified himself in images of the attack. Zapeta's lawyer, public defender Andrew Friedman, did not speak to reporters after the arraignment. A message seeking comment was left for him. Video on social media appears to show some people looking on from the platform and at least one police officer walking by while the woman is on fire inside the train. NYPD Transit Chief Joseph Gulotta said Sunday that several officers responded to the fire and one stayed to keep the crime scene “the way it’s supposed to be" while the others went to get fire extinguishers and transit workers. “Officers who were on patrol on an upper level of that station smelled and saw smoke and went to investigate. What they saw was a person standing inside the train car fully engulfed in flames,” Police Commissioner Jessica Tisch said. They eventually put the fire out, but “unfortunately, it was too late,” Tisch said, and the woman was pronounced dead at the scene. Zapeta was taken into custody Sunday afternoon while riding a train on the same subway line after teenagers recognized him from images circulated by the police. Story continues below video A Brooklyn address for Zapeta released by police matches a shelter that provides housing and substance abuse support. The shelter did not immediately respond to a request for comment. Federal immigration officials said Zapeta was deported in 2018 but later reentered the U.S. illegally. The crime deepened a growing sense of unease among some New Yorkers about the safety of the subway system, amplified by graphic video of the attack that ricocheted across social media. “It creeped me out real bad,” said Deandre Nelson, 22. Others said the attack hasn’t changed their daily routine or how they feel about the subway. “I don’t think it gave me pause," said Collin Burroughs, 24. “I think it mostly just made me sad.” Overall, crime is down in the transit system compared to last year. Major felonies declined 6% between January and November compared to the same time period last year, according to data from the Metropolitan Transportation Authority. But murders are up, with nine killings this year through November compared to five during the same period last year. There have also been several high-profile incidents, including one in September where police inadvertently shot two bystanders and a fellow officer when they opened fire on a man holding a knife in front of a train. Earlier this month, a Manhattan jury acquitted former Marine Daniel Penny in the chokehold death last year of an agitated subway rider. The case became a flashpoint in debates over safety, homelessness and mental illness on the system. Policing the subway is difficult, given the vast network of trains moving between 472 stations. Each stop contains multiple entry points and, in many stations, multiple floors and platforms. This story has been corrected to show that the name of Zapeta's lawyer is Andrew Friedman, not Ed Friedman. Associated Press reporter Melissa Goldin contributed to this report.
Deferring LDC graduation not an optionATLANTA (AP) — Even when grappling with a four-game losing streak and the uncertainty generated by quarterback Kirk Cousins’ eight interceptions and no touchdown passes in that span, there is some solace for the Atlanta Falcons. They play in the NFC South. There is more good news: The Falcons' next two opponents, the Las Vegas Raiders and New York Giants, are tied for the NFL's worst record at 2-11. Coach Raheem Morris says he is sticking with Cousins for next Monday night's game at Las Vegas. Sunday's 42-21 loss at Minnesota dropped Atlanta to 6-7, one game behind Tampa Bay in the NFC South. The Falcons hold the tiebreaker advantage over the Buccaneers, so if they can take advantage of their cushy closing stretch of games that also includes Washington and Carolina, they could salvage their season. “We’re right in this thing,” right guard Chris Lindstrom said Monday before acknowledging he is “obviously not happy or satisfied with where we’re at." Lindstrom said he maintains "the ultimate belief in what we’re doing and everything that we have going on and everything is still in front of us.” Cousins and the Falcons must solve their red-zone woes to maintain hopes of the team's first playoff appearance since 2017. The Falcons rank eighth in the NFL with 371 yards per game but only 19th with their average of 21.4 points thanks to their persistent problems inside the 20. Even the forgiving NFC South can't make up for the scoring problems caused by penalties, turnovers and other persistent breakdowns. “You can't live with it at all,” Morris said Monday when asked about Cousins' recent streak of interceptions. Even so, Cousins remains the starter as first-round draft pick Michael Penix Jr. awaits his opportunity. “It’s for sure Kirk is our quarterback but I have no hesitations about what our young man has been doing and how he has been preparing and the things he is ready to do,” Morris said. “So if that time ever came I would have a lot of confidence in what Mike is able to do, but Kirk is our quarterback. Kirk is the guy who is going to lead us.” With four sacks against the Vikings, the Falcons may have finally solved their longtime pass-rush woes. Atlanta had five sacks in a 17-13 loss to the Los Angeles Chargers on Dec. 1, giving the team back-to-back games with at least four sacks for the first time since 2019. Outside linebacker Arnold Ebiketie had one of Sunday's sacks, giving him four for the season. With nine sacks in the last two games, the Falcons have almost doubled their NFL-low total of 10 through their first 11 games. Even as the pass rush was productive, the Falcons' defense showed a sudden inability to prevent big plays through the air. Atlanta allowed four completions of more than 40 yards as Vikings receivers Jordan Addison and Justin Jefferson combined to catch five scoring passes from Sam Darnold, who did not throw an interception. Morris said the Vikings' strategy was to avoid cornerback A.J. Terrell, “making other people make plays, and we didn’t go out there and make them.” Running back Tyler Allgeier had nine carries for 63 yards and a touchdown. Even while Bijan Robinson continued to produce with 22 carries for 92 yards and a score, Allgeier re-emerged as a strong complement with his second-highest rushing total of the season. Cousins has an unhealthy ratio of 17 touchdown passes to 15 interceptions. “Kirk was the guy who led us to the 6-3 record,” Morris said. “We’ve got to find a way to get out of the funk. ... For us, it’s going to be his opportunity to go out and right the ship and he has earned it.” 142: Wide receiver Darnell Mooney set a career high with 142 yards on six catches. It was the third game this season Mooney has led the Falcons in receiving yards. Former Atlanta quarterback Desmond Ridder is expected to start for the Raiders on Monday night after Aidan O’Connell's knee injury in Sunday's 28-13 loss at Tampa Bay. AP NFL: https://apnews.com/hub/nfl
Home | EXCLUSIVE: Ramaphosa reflects on SA’s 30 years of democracy South Africa has achieved a great deal in the space of a generation – but much more needs to be done to achieve the high ideals of the Freedom Charter and realise the aspirations of the constitution. These are the sentiments of President Cyril Ramaphosa in his exclusive SABC, reflecting on the country’s democratic journey. The President lauded the gains made in education, mining, and to some extent the economy, with a commitment for more concerted efforts in regard to land redistribution, black economic empowerment, and social cohesion. Choosing to describe the country’s progress as a half-full glass, Ramaphosa says in efforts to undo the damage wrought by colonialism and apartheid – considerable achievements were made in the last thirty years of South Africa’s democracy. He cited progress made in education, saying it was on this issue that a deliberate strategy was employed to destroy the country’s black majority. “We now have almost 90% of our schools being no fees paying schools. We feed 9 million children every day at school, and we are now moving to two meals a day. That in itself is important because it improves the learning ability of children. When we started, we gave 40,000 of our young people assistance to be at a higher level of learning tertiary. We now give that assistance to 1 point two million and we have built more universities.” The President says government is working to improve the quality of education, and schools’ infrastructure and lower the dropout rate. On mining, Ramaphosa indicated that trade unions and government have worked hard in the last few decades to improve the lives of these workers. He himself was the first leader of the National Union of Mineworkers established in 1982. Ramaphosa says he continues to support the efforts of mineworkers to agitate for better working conditions and wages. “Mineworkers did not have a pension fund, they now have a pension fund. Mineworkers could not resist going underground when it was dangerous, they now do. They have a whole number of areas where they have progressed and on pay the pay has improved but it will never improve in a way where we can be proud mainly because of where mineworkers work, they work in dangerous spaces. Therefore, they need to be remunerated commensurate to the dangers they are exposed to.” With reference to the August 2012 Marikana Massacre at Lonmin Mine – where he was a non-executive Director, Ramaphosa denies contributing to the exploitation of the striking workers as well as the shooting down of 34 people by police. Speaking on land, the President acknowledged more needs to be done to resolve land hunger in South Africa – conceding the government’s weak efforts, whilst citing the prohibitive cost of purchasing land for redistribution and legislative challenges faced in amending the constitution. He has committed to greater speed in giving people land – starting with state-owned land. Ramaphosa also says another area of concern is the slow empowerment of blacks and women in the economy and business sector – citing the 70% of CEOs on the Johannesburg Stock Exchange being white males. He says growing jobs is central to the challenge facing the country – hence the interventions to stop load shedding and fix transportation networks and ports amongst others. Ultimately, he says the formation of the GNU has given South Africans renewed hope for the future. “Many people have become hopeful that yes we can look to a South Africa that can change for the better and we need to exploit that. We want to exploit that next year. We are going to be chairing the G20, and I want a broad section of South Africa’s people to have a sense that this is their G20, and it will not just yield a declaration that will be crafted in the end but will also lead to investments to grow our economy next year. We will also have a national dialogue which I am hoping will bring as many South African organisations as possible so that we can talk about the South Africa we want.” SABC Exclusive | Moments in time: President Cyril Ramaphosa: SABC © 2024Johansson shining at right timeBy ADRIANA GOMEZ LICON FORT LAUDERDALE, Fla. (AP) — President-elect Donald Trump promised on Tuesday to “vigorously pursue” capital punishment after President Joe Biden commuted the sentences of most people on federal death row partly to stop Trump from pushing forward their executions. Related Articles National Politics | Elon Musk’s preschool is the next step in his anti-woke education dreams National Politics | Trump’s picks for top health jobs not just team of rivals but ‘team of opponents’ National Politics | Biden will decide on US Steel acquisition after influential panel fails to reach consensus National Politics | Biden vetoes once-bipartisan effort to add 66 federal judgeships, citing ‘hurried’ House action National Politics | A history of the Panama Canal — and why Trump can’t take it back on his own Trump criticized Biden’s decision on Monday to change the sentences of 37 of the 40 condemned people to life in prison without parole, arguing that it was senseless and insulted the families of their victims. Biden said converting their punishments to life imprisonment was consistent with the moratorium imposed on federal executions in cases other than terrorism and hate-motivated mass murder. “Joe Biden just commuted the Death Sentence on 37 of the worst killers in our Country,” he wrote on his social media site. “When you hear the acts of each, you won’t believe that he did this. Makes no sense. Relatives and friends are further devastated. They can’t believe this is happening!” Presidents historically have no involvement in dictating or recommending the punishments that federal prosecutors seek for defendants in criminal cases, though Trump has long sought more direct control over the Justice Department’s operations. The president-elect wrote that he would direct the department to pursue the death penalty “as soon as I am inaugurated,” but was vague on what specific actions he may take and said they would be in cases of “violent rapists, murderers, and monsters.” He highlighted the cases of two men who were on federal death row for slaying a woman and a girl, had admitted to killing more and had their sentences commuted by Biden. On the campaign trail, Trump often called for expanding the federal death penalty — including for those who kill police officers, those convicted of drug and human trafficking, and migrants who kill U.S. citizens. “Trump has been fairly consistent in wanting to sort of say that he thinks the death penalty is an important tool and he wants to use it,” said Douglas Berman, an expert on sentencing at Ohio State University’s law school. “But whether practically any of that can happen, either under existing law or other laws, is a heavy lift.” Berman said Trump’s statement at this point seems to be just a response to Biden’s commutation. “I’m inclined to think it’s still in sort of more the rhetoric phase. Just, ‘don’t worry. The new sheriff is coming. I like the death penalty,’” he said. Most Americans have historically supported the death penalty for people convicted of murder, according to decades of annual polling by Gallup, but support has declined over the past few decades. About half of Americans were in favor in an October poll, while roughly 7 in 10 Americans backed capital punishment for murderers in 2007. Before Biden’s commutation, there were 40 federal death row inmates compared with more than 2,000 who have been sentenced to death by states. “The reality is all of these crimes are typically handled by the states,” Berman said. A question is whether the Trump administration would try to take over some state murder cases, such as those related to drug trafficking or smuggling. He could also attempt to take cases from states that have abolished the death penalty. Berman said Trump’s statement, along with some recent actions by states, may present an effort to get the Supreme Court to reconsider a precedent that considers the death penalty disproportionate punishment for rape. “That would literally take decades to unfold. It’s not something that is going to happen overnight,” Berman said. Before one of Trump’s rallies on Aug. 20, his prepared remarks released to the media said he would announce he would ask for the death penalty for child rapists and child traffickers. But Trump never delivered the line. One of the men Trump highlighted on Tuesday was ex-Marine Jorge Avila Torrez, who was sentenced to death for killing a sailor in Virginia and later pleaded guilty to the fatal stabbing of an 8-year-old and a 9-year-old girl in a suburban Chicago park several years before. The other man, Thomas Steven Sanders, was sentenced to death for the kidnapping and slaying of a 12-year-old girl in Louisiana, days after shooting the girl’s mother in a wildlife park in Arizona. Court records show he admitted to both killings. Some families of victims expressed anger with Biden’s decision, but the president had faced pressure from advocacy groups urging him to make it more difficult for Trump to increase the use of capital punishment for federal inmates. The ACLU and the U.S. Conference of Catholic Bishops were some of the groups that applauded the decision. Biden left three federal inmates to face execution. They are Dylann Roof, who carried out the 2015 racist slayings of nine Black members of Mother Emanuel AME Church in Charleston, South Carolina; 2013 Boston Marathon bomber Dzhokhar Tsarnaev ; and Robert Bowers, who fatally shot 11 congregants at Pittsburgh’s Tree of Life Synagogue in 2018 , the deadliest antisemitic attack in U.S history. Associated Press writers Jill Colvin, Michelle L. Price and Eric Tucker contributed to this report.
ATLANTA (AP) — Even when grappling with a four-game losing streak and the uncertainty generated by quarterback Kirk Cousins’ eight interceptions and no touchdown passes in that span, there is some solace for the Atlanta Falcons. They play in the NFC South. There is more good news: The Falcons' next two opponents, the Las Vegas Raiders and New York Giants, are tied for the NFL's worst record at 2-11. Coach Raheem Morris says he is sticking with Cousins for next Monday night's game at Las Vegas. Sunday's 42-21 loss at Minnesota dropped Atlanta to 6-7, one game behind Tampa Bay in the NFC South. The Falcons hold the tiebreaker advantage over the Buccaneers, so if they can take advantage of their cushy closing stretch of games that also includes Washington and Carolina, they could salvage their season. “We’re right in this thing,” right guard Chris Lindstrom said Monday before acknowledging he is “obviously not happy or satisfied with where we’re at." Lindstrom said he maintains "the ultimate belief in what we’re doing and everything that we have going on and everything is still in front of us.” Cousins and the Falcons must solve their red-zone woes to maintain hopes of the team's first playoff appearance since 2017. The Falcons rank eighth in the NFL with 371 yards per game but only 19th with their average of 21.4 points thanks to their persistent problems inside the 20. Even the forgiving NFC South can't make up for the scoring problems caused by penalties, turnovers and other persistent breakdowns. “You can't live with it at all,” Morris said Monday when asked about Cousins' recent streak of interceptions. Even so, Cousins remains the starter as first-round draft pick Michael Penix Jr. awaits his opportunity. “It’s for sure Kirk is our quarterback but I have no hesitations about what our young man has been doing and how he has been preparing and the things he is ready to do,” Morris said. “So if that time ever came I would have a lot of confidence in what Mike is able to do, but Kirk is our quarterback. Kirk is the guy who is going to lead us.” With four sacks against the Vikings, the Falcons may have finally solved their longtime pass-rush woes. Atlanta had five sacks in a 17-13 loss to the Los Angeles Chargers on Dec. 1, giving the team back-to-back games with at least four sacks for the first time since 2019. Outside linebacker Arnold Ebiketie had one of Sunday's sacks, giving him four for the season. With nine sacks in the last two games, the Falcons have almost doubled their NFL-low total of 10 through their first 11 games. Even as the pass rush was productive, the Falcons' defense showed a sudden inability to prevent big plays through the air. Atlanta allowed four completions of more than 40 yards as Vikings receivers Jordan Addison and Justin Jefferson combined to catch five scoring passes from Sam Darnold, who did not throw an interception. Morris said the Vikings' strategy was to avoid cornerback A.J. Terrell, “making other people make plays, and we didn’t go out there and make them.” Running back Tyler Allgeier had nine carries for 63 yards and a touchdown. Even while Bijan Robinson continued to produce with 22 carries for 92 yards and a score, Allgeier re-emerged as a strong complement with his second-highest rushing total of the season. Cousins has an unhealthy ratio of 17 touchdown passes to 15 interceptions. “Kirk was the guy who led us to the 6-3 record,” Morris said. “We’ve got to find a way to get out of the funk. ... For us, it’s going to be his opportunity to go out and right the ship and he has earned it.” 142: Wide receiver Darnell Mooney set a career high with 142 yards on six catches. It was the third game this season Mooney has led the Falcons in receiving yards. Former Atlanta quarterback Desmond Ridder is expected to start for the Raiders on Monday night after Aidan O’Connell's knee injury in Sunday's 28-13 loss at Tampa Bay. AP NFL: https://apnews.com/hub/nflSports on TV for Nov. 23 - 24
Lulu Hypermarket Saudi Arabia proudly marks its 15th anniversary with the launch of its biggest shopping event of the year, ‘Super Fest 2024.’ Running from November 27 to December 10, the fest celebrates a remarkable journey of success and commitment to excellence. Customers can look forward to unbeatable deals and exciting prizes, making this a shopping experience like no other. The fest features massive discounts across all sections, including supermarkets, fashion, electronics, mobile phones, and home appliances. With savings totaling an impressive SR25 million, shoppers have an incredible opportunity to enjoy exceptional value throughout the celebration period. Adding to the excitement, Super Fest 2024 offers shoppers the chance to win 1,500 gifts and prizes worth up to SR1 million. This event is more than just a sale—it blends remarkable discounts with entertainment and rewards, underscoring Lulu’s unwavering dedication to its customers. Ahead of the fest launch, an exclusive event was held at the voco Hotel in Riyadh. Attended by key suppliers, influencers, and media representatives, the event highlighted Lulu’s achievements over the past 15 years. Special anniversary products and exclusive fest offers were unveiled, setting the stage for the celebrations. During the event, Lulu honored its key suppliers with tokens of appreciation, recognizing their critical role in the company’s success. This gesture reinforced Lulu’s commitment to building strong partnerships with its strategic retail collaborators. Shehim Mohammed, Director of Lulu Hypermarkets Saudi Arabia, expressed his pride and gratitude: "Today, as we celebrate the 15th anniversary of Lulu's establishment in Saudi Arabia, we take pride in a journey full of achievements and partnerships with our community and loyal customers. This occasion is not just a milestone, but a testament to your trust and ongoing support, which motivates us to continue offering the best. We invite you to share these special moments with us and enjoy the largest deals and prizes we have specially prepared for you. Together, we continue the journey of success." "Over the years, Lulu has been one of the leading players in the retail sector, and we look forward to continuing to provide an exceptional shopping experience that meets and exceeds our customers' expectations. This fest is part of our ongoing commitment to strengthen our relationship with customers and offer them the best in the world of offers and shopping. We wish everyone a fantastic shopping experience," he added. Over the past 15 years, Lulu Saudi Arabia has established itself as a leader in the retail industry. Known for offering high-quality products at competitive prices, Lulu has built a strong network of stores across the Kingdom. The company’s focus on innovation and excellence has made it a trusted name in the retail sector. Lulu invites everyone to join the celebration of Friday Super Fest 2024. Don’t miss the chance to enjoy extraordinary offers, win exciting prizes, and be part of a memorable shopping experience. This is a tribute to 15 years of success, innovation, and dedication to serving the Saudi community. Recently, Lulu began trading on ADX on November 14th following its record-breaking IPO. The most significant aspect was the heavy pull in of first-time investors. All of whom made up 82,000+ retail investors, one of the highest recorded for a UAE IPO. The stock offering raised $1.72 billion, with aggregate demand at $37 billion for an oversubscription by 25 times. Trading began with a share price of AED 2.04 per share, showing positive trade. UAE nationals picked up more of the Lulu shares, and foreign investors hold just over 77% of the stock, which is among the higher percentages of ADX-listed entities. Cornerstone investors included leading sovereign and institutional investors from across the GCC. Key investors in the Lulu IPO include Abu Dhabi Pension Fund, Emirates International Investment Company, Bahrain Mumtalakat Holdings, Oman Investment Authority, Kuwait Investment Authority, Qatar Investment Authority, Saudi PIF, Hassana Pension Fund, and the Singapore Sovereign Wealth Fund, among others < Previous Page Next Page >