Company Insights Lulu Group Retail Lulu Group News Analysis UAE and Malaysia seek to grow $4.6bn trade with Cepa talks The UAE and Malaysia will embark on negotiations for a Comprehensive Economic Partnership Agreement (Cepa) after non-oil trade between the two countries last year grew to $4.6 billion. The Emirates are Malaysia’s 17th biggest trade partner globally and the second in the Middle East, accounting for 32 percent of Malaysia’s trade with Arab countries. Trade […] May 24, 2023 Energy Adnoc Gas IPO tipped to break record for Abu Dhabi exchange Adnoc’s listing of its gas business could take place as soon as this month – and become the largest IPO on the Abu Dhabi Securities Exchange, according to reports. The state-owned oil giant is looking at a valuation of at least $50 billion for Adnoc Gas, two sources close to the matter have told Reuters. […] February 3, 2023 Analysis Banking and Finance Middle East stock markets set to continue strong run of IPOs The stock markets in the Middle East and North Africa are preparing for a strong pipeline of initial public offerings (IPOs) in the coming months. Bourses across the region are looking to build on the success of 2022 when it saw a record number of 51 IPOs and combined proceeds of $22 billion. Abu Dhabi […] February 1, 2023 Microsoft-backed Indian tech firm in Mena expansion Indian HR software provider Darwinbox is increasing its Middle East headcount as part of its push into the region following Microsoft’s investment in the company. Microsoft bought a stake in the tech firm, which is based in Hyderabad, with the duo forming a partnership that enables both companies to share leads and what Darwinbox describes […] January 20, 2023 Analysis Retail Ecommerce delivers the goods for region’s retailers A Dubai free zone has set up an ecommerce platform to help drive growth in the Mena market, as new data reveals 91 percent of regional consumers bought products online in the past year. One in five shoppers said they purchased more online in the past 12 months compared to the year before, with fashion […] January 20, 2023 Analysis Retail You’ve come a long way, Baby – female-led startups land in Gulf Women in the UK are launching their own businesses at a record rate. In 2018, 56,200 female-led startups were established in Britain. Three years later, the number had soared to 145,200, according to the 2022 Alison Rose Review of Female Entrepreneurship. One of the key beneficiaries of this rapid growth is the Gulf, as UK […] December 20, 2022 Long read World Cup 2022 Lusail City is ready for Qatar 2022 … and beyond All over the Gulf, Vision 2030 mega-projects are somewhere on the road from drawing-board dream to functioning reality. One has already got there: Lusail City in Qatar. Work on the development began almost a decade ago, spurred on by preparations for the 2022 World Cup. At the time, the site was a mere village, about […] November 18, 2022 Retail Lulu Group targets Iraq and Africa ahead of Abu Dhabi IPO Lulu Group International is planning a listing on the Abu Dhabi Securities Exchange in 2023 and has hired investment bank Moelis & Co to advise it. The supermarket chain, which has its headquarters in Abu Dhabi, also confirmed to AGBI that it will add new outlets to its network as it consolidates in the Middle […] October 14, 2022 Analysis Retail Let the tills ring out: retail is back with a vengeance in the UAE The UAE’s leading retailers are benefiting from a post-pandemic boom that has them eyeing further expansion into the region’s largest markets. Dubai was among the first economies to reopen after lockdown in 2020. It welcomed a flood of holidaymakers from all over the world to the relative freedom of the emirate. Anthony Spary, head of office […] July 27, 2022 Exclusive Retail Women-only shops could solve MENA’s $2trn equality dilemma When Deema Almasri joined optical retailer Magrabi to manage its new outlet in Saudi capital Riyadh, she said a big motivating factor was female empowerment. Taking the helm at the optician’s store at the Hamra Mall, Almasri is in charge of the company’s first female-only staffed outlet. It’s a growing fashion, particularly in the Middle […] July 6, 2022 Posts navigation Previous 1 … 4 5 6 Next
Analysis UAE and Malaysia seek to grow $4.6bn trade with Cepa talks The UAE and Malaysia will embark on negotiations for a Comprehensive Economic Partnership Agreement (Cepa) after non-oil trade between the two countries last year grew to $4.6 billion. The Emirates are Malaysia’s 17th biggest trade partner globally and the second in the Middle East, accounting for 32 percent of Malaysia’s trade with Arab countries. Trade […] May 24, 2023
Energy Adnoc Gas IPO tipped to break record for Abu Dhabi exchange Adnoc’s listing of its gas business could take place as soon as this month – and become the largest IPO on the Abu Dhabi Securities Exchange, according to reports. The state-owned oil giant is looking at a valuation of at least $50 billion for Adnoc Gas, two sources close to the matter have told Reuters. […] February 3, 2023
Analysis Banking and Finance Middle East stock markets set to continue strong run of IPOs The stock markets in the Middle East and North Africa are preparing for a strong pipeline of initial public offerings (IPOs) in the coming months. Bourses across the region are looking to build on the success of 2022 when it saw a record number of 51 IPOs and combined proceeds of $22 billion. Abu Dhabi […] February 1, 2023
Microsoft-backed Indian tech firm in Mena expansion Indian HR software provider Darwinbox is increasing its Middle East headcount as part of its push into the region following Microsoft’s investment in the company. Microsoft bought a stake in the tech firm, which is based in Hyderabad, with the duo forming a partnership that enables both companies to share leads and what Darwinbox describes […] January 20, 2023
Analysis Retail Ecommerce delivers the goods for region’s retailers A Dubai free zone has set up an ecommerce platform to help drive growth in the Mena market, as new data reveals 91 percent of regional consumers bought products online in the past year. One in five shoppers said they purchased more online in the past 12 months compared to the year before, with fashion […] January 20, 2023
Analysis Retail You’ve come a long way, Baby – female-led startups land in Gulf Women in the UK are launching their own businesses at a record rate. In 2018, 56,200 female-led startups were established in Britain. Three years later, the number had soared to 145,200, according to the 2022 Alison Rose Review of Female Entrepreneurship. One of the key beneficiaries of this rapid growth is the Gulf, as UK […] December 20, 2022
Long read World Cup 2022 Lusail City is ready for Qatar 2022 … and beyond All over the Gulf, Vision 2030 mega-projects are somewhere on the road from drawing-board dream to functioning reality. One has already got there: Lusail City in Qatar. Work on the development began almost a decade ago, spurred on by preparations for the 2022 World Cup. At the time, the site was a mere village, about […] November 18, 2022
Retail Lulu Group targets Iraq and Africa ahead of Abu Dhabi IPO Lulu Group International is planning a listing on the Abu Dhabi Securities Exchange in 2023 and has hired investment bank Moelis & Co to advise it. The supermarket chain, which has its headquarters in Abu Dhabi, also confirmed to AGBI that it will add new outlets to its network as it consolidates in the Middle […] October 14, 2022
Analysis Retail Let the tills ring out: retail is back with a vengeance in the UAE The UAE’s leading retailers are benefiting from a post-pandemic boom that has them eyeing further expansion into the region’s largest markets. Dubai was among the first economies to reopen after lockdown in 2020. It welcomed a flood of holidaymakers from all over the world to the relative freedom of the emirate. Anthony Spary, head of office […] July 27, 2022
Exclusive Retail Women-only shops could solve MENA’s $2trn equality dilemma When Deema Almasri joined optical retailer Magrabi to manage its new outlet in Saudi capital Riyadh, she said a big motivating factor was female empowerment. Taking the helm at the optician’s store at the Hamra Mall, Almasri is in charge of the company’s first female-only staffed outlet. It’s a growing fashion, particularly in the Middle […] July 6, 2022
