Sheikh Ammar Bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Board of Ajman Bank, chaired the bank’s board meeting, …
Lulu Retail kicks off one of UAE’s biggest IPOs this year
By Ahmed Tolba, Hadeel Al Sayegh and Federico Maccioni CAIRO/DUBAI (Reuters) -Lulu Retail Holdings, which runs one of the Middle East’s biggest hypermarket chains, kicked off an initial public …
UAE supermarket chain Lulu to offer 25% stake in IPO in Adx listing
United Arab Emirates’ Lulu Retail Holdings, which runs one of the Middle East’s biggest hypermarket chains, said on Monday that it plans to sell a 25 per cent stake in its initial public offering.
UAE participates in WBG, IMF annual meetings in Washington
The IMF and WBG meetings are to address a wide range of pressing global issues in economy and development, bringing together a diverse group of international economic leaders, including central bank …
A truly inclusive approach to financing with the launch of Dubai Islamic Bank’s ACCESS auto finance for People of Determination
ACCESS Auto Finance rolls out with competitive financing rates and customised repayment plans to facilitate vehicle ownership for People of Determination and their family members, ensuring they have …
UAE retailer Lulu Group to list 25% shares in ADX IPO
The UAE retail giant Lulu Group plans to list 25 per cent of its share capital on the Abu Dhabi bourse, the latest company seeking to capitalise on the continued economic momentum and listing boom in …
Finance House & Finance House Securities agree to inject AED300mln in Abu Dhabi Capital Market
Under the agreement between the two parties, Finance House will inject AED 300 million into the local market through Finance House Securities, with the aim of increasing investments and boosting …
Lulu Retail Holdings to Launch IPO on Abu Dhabi Securities Exchange, Offering 25% of Shares
Lulu Retail Holdings PLC (“Lulu Retail” or the “Company”), the largest and fastest-growing pan-GCC full-line retailer, today announced its intention to proceed with an Initial Public Offering (IPO) an …
Dubai vs Sharjah and Abu Dhabi: Rent, living costs, pros & cons explained
With rising living costs and a housing crunch, is Dubai still the best option, or should you be thinking about other cities like Abu Dhabi or Sharjah …
Dubai vs Sharjah and Abu Dhabi: Rent, living costs, pros & cons explained
With rising living costs and a housing crunch, is Dubai still the best option, or should you be thinking about other cities like Abu Dhabi or Sharjah …
Jordan Belfort Joins DMCC as Guest Speaker at Dubai Precious Metals Conference 2024, Unveiling Future of Metals Trade Report
DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has announced that the globally renowned entrepreneur, best-selling author and former Wall …
UAE and Azerbaijan Strengthen Financial Ties for Sustainable Future
UAE’s Finance Minister, Mohamed Hadi Al Hussaini, met with Azerbaijan’s Samir Sharifov in Dubai to enhance financial sector cooperation. The discussions affirmed strong bilateral relations, focusing …
Dubai: Over Dh30 million distributed to minors from investments’ profits
The profits were distributed to 2,263 minors and those in their care, representing a 13 per cent increase from profits distributed to minors during the fiscal year 2023. During 20 …
Ministry of Finance organised 3 dialogue sessions at GITEX Global 2024
Dubai: The Ministry of Finance has organised three specialised dialogue sessions at GITEX Global 2024, which kicked off on Monday, October 14, and concludes today, Friday, October 18, at the Dubai …
Standard Chartered launches sustainable finance variants of borrowing base trade loan
Latest addition to the Bank’s suite of Sustainable Trade Finance solutions supports efforts to decarbonise the Commodity sector …
UAE blocks around 200000 cyberattacks in one week
There was a time when the UAE detected more than 200,000 cyberattacks in just one week — and none of them got to harm systems, a senior official said on …
UAE retail giant Lulu Group to float 25% in IPO next week, to raise around $1.8bln
Lulu Group expected to announce plans to proceed with an IPO on the Abu Dhabi Securities Market (ADX) by early next week.