Economy

Lulu’s ADX IPO targets around $5bn bolstered by keystone GCC investors

Lulu Group’s ADX IPO promises to raise billions, anchored by cornerstone investor backing and an ambitious dividend plan to fuel its expansion across UAE markets.

UBS advises GCC investors secure wealth with bonds, gold to mitigate regional risks

GCC investors should consider high-grade bonds and global diversification of assets—with hedges in gold—to mitigate rising regional geopolitical risks posed in the Middle East, advises Swiss investment bank UBS.

UAE’s e& telecom giant expands into Eastern Europe in $2.3bn deal

e& Group cements its European presence with new acquisition across a majority of Eastern European markets — namely Bulgaria, Hungary, Serbia, and Slovakia.

Dubai and Abu Dhabi vie for global elite in search of wealth sovereignty

Dubai and Abu Dhabi compete fiercely to draw wealth managers, with regulatory appeal and sovereign funds turning the UAE into a rising financial hub alternative.

ADNOC moves to enter European chemicals market with €14.7bn Covestro deal

ADNOC advances in Europe with a €14.7 billion Covestro takeover, emphasising low-carbon ammonia via Fertiglobe’s global platform.

Thursday Studios

Looking to advertise?

With our team of industry-leading experts with decades of experience in the fields of marketing, design, and journalism, we've got a person for any niche your business deals in.