Economy

UAE grocery titan LuLu Retail has increased its IPO size to 30% amid strong investor demand, attracting significant investments from entities like Masarrah Investment Company.

Enersol’s $223M acquisition of Deep Well Services aims to transform UAE energy, leveraging advanced technologies for high-pressure well completions and strategic automation.

UAE introduces e-Invoicing laws, revolutionising tax collection through a 5-corner model and aligning with global digital standards. Phased implementation by July 2026 will aim to ensure compliance and efficiency.

Elon Musk’s ambitious DOGE proposal promises to revolutionise the U.S. government by cutting bureaucratic red tape and implementing Silicon Valley efficiency, paving the way for a future driven by rapid innovation and streamlined regulations.

Monroe Capital eyes Saudi expansion, exploring strategic partnerships in a region ripe for private credit growth. With high demand and regulatory shifts, the firm aims to tap into MENA’s evolving financial landscape.