Correction: hedge funds in Dubai

Figures cited in an article on August 9 on hedge funds in Dubai were sourced from the Dubai International Financial Centre, not the Dubai International Regulatory Authority.

UAE-based Lulu to raise Dh10b ahead of IPO

It is working with Moelis & Co. on the IPO plans, the sources said … The group is reportedly borrowing the funds from Abu Dhabi Commercial Bank, Dubai Islamic Bank, Emirates NBD Bank and Mashreq …