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Lulu Retail Q3 net soars 126pc; 9M net surges 73.3pcLulu Retail, the largest and fastest growing pan GCC full line retailer, has seen its net profit from continuing operations soar 126% to $35.1 million driven by improved operating profit and better cost management. For the nine-month (9M) period, net profit from continuing operations improved More… |
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Kuwait’s banking sector posts ‘solid credit growth’ in OctoberKuwait’s banking sector experienced solid credit growth in October driven by household credit, said National Bank of Kuwait’s Economic Research Department. Domestic credit increased by a solid 0.4% in October, driving up YTD growth to 2.9% (3 More… |
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Damac Properties unveils largest master community in DubaiDamac Properties, UAE’s leading property developer has announced the launch of its third and largest master community - Damac Islands - unveiled this year and the sixth in its portfolio of master development projects. Nestled in the heart of Dubail More… |
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Infracorp posts solid 9-month results; net profit up 25pcInfracorp, a leading specialised company in investing in the infrastructure and sustainability development sector, has seen its nine-month (9M) net profit jump 25% to $37.2 million. For the period the company has reported an income of $268 million, compared to More… |
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Khaleeji Bank is receiving bank for Al Abraaj IPOKhaleeji Bank has been appointed as the exclusive receiving bank for the upcoming initial public offering (IPO) of Al Abraaj Restaurants Group. The offering, managed by SICO, will launch on Sunday (November 24, 2024) and will run for two weeks until Dece More… |
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AI-Powered Aiden Insight charts IHC’s path to enhanced growthInternational Holding Company (IHC), the global diversified Abu Dhabi-based conglomerate, has announced groundbreaking recommendations from Aiden Insight. Aiden's insights are set to steer IHC towards strategic refinement and operational excellence in Q4 a More… |
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Mashreq, Landmark launch Qatar’s first PSL finance tie-upMashreq has signed Sustainability-Linked Facilities (SLF) in Qatar with Landmark Retail, the leading value conglomerate in the retail sector in the Middle East. This marks the first time a private sector company has signed a bilateral sustainability-linked loan in Qatar. More… |
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KPMG Bahrain hosts seminar on the ‘Future of Risk’KPMG in Bahrain’s breakfast seminar, "Future of Risk," highlighted critical risks such as geo-politics, cyber threats, climate-related challenges and reputational risks. Sectors including the Financial Services, Energy, and Industrial sec More… |
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Kuwait inflation slows in October: Emirates NBD ResearchHeadline CPI inflation in Kuwait slowed to 2.4% y/y in October, down from 2.8% the previous month, according to Emirates NBD Research. This marked the slowest pace of annual price growth since September 2020. Food price pressures have been more salient i More… |
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BNY increases offer in the Abu Dhabi Global MarketThe Bank of New York Mellon Corporation (BNY), a global financial services company, has said it can offer a broader range of its products and services to clients within the Abu Dhabi Global Market (ADGM). This is after having been granted a category 4 licence by the Financial Services Regulat More… |
