by finance_admin | November 9, 2024 | Retail
The UAE is gearing up for another shopping extravaganza as the 11.11 sale returns, bringing discounts of up to 90% along with free vouchers and exclusive bank deals. Both online and brick-and-mortar retailers across the country are rolling out major offers to entice...
by finance_admin | November 8, 2024 | Retail
Dubai-based supermarket chain Spinneys announced a 12% increase in net profit for Q3 2024, reaching AED35 million ($9.5 million) as the retailer reported strong quarterly and year-to-date performance. Revenue for the quarter rose 15% year-on-year to AED701 million,...
by finance_admin | November 7, 2024 | Commodities, Retail
Commodity markets saw a widespread decline on Wednesday following Donald Trump’s U.S. presidential election win, with oil, metals, and agricultural goods all retreating as a surging U.S. dollar weighed on prices. The dollar’s one-day rise, its largest since March...
by finance_admin | November 7, 2024 | Corporate Finance, Retail
Lulu Retail Holding has set the price of its initial public offering at AED2.04 ($0.56) per share, marking the top of its indicative range and valuing the company at AED21.1 billion ($5.75 billion). The IPO raised a record-breaking $1.72 billion, making it the largest...
