Abu Dhabi-based LuLu Group International, which owns one of the largest hypermarket chains in the Middle East, is reportedly raising 10 billion dirhams (about $2.72 billion) to refinance debt ahead of a potential initial public offering (IPO). This is being done to realign its capital structure,...
Bahrain is set to join other Persian Gulf region countries in a unified payments/settlement system. The country’s Shura Council approved the move this weekend, according to a Monday (May 1) report by Gulf Daily News. In doing so, the council set the stage for Bahrain to link...
Apparel Group and Steve Madden have entered into a joint venture. The Dubai-based retail group has signed an agreement with the U.S. fashion company to expand the brand’s global footprint, according to a Friday (Jan. 27) press release that appeared in Zawya and other news outlets....
A weak pound sterling is making London a prime target for GCC real estate investing. And there are plenty of banks in the city ready to help citizens of Gulf Cooperation Council (GCC) countries seize the opportunity. While GCC nationals have long made up a...
November 30, 2023
Pluto, a provider of financial corporate spend management solutions in the United Arab Emirates (UAE), has partnered with Mastercard to provide B2B payment solutions in the Gulf Cooperation Council (GCC) region. This collaboration will leverage Mastercard’s expertise in payment technology to enhance Pluto’s existing suite of solutions, benefiting Pluto’s clients by providing them with a wider range […]
August 10, 2023
Abu Dhabi-based LuLu Group International, which owns one of the largest hypermarket chains in the Middle East, is reportedly raising 10 billion dirhams (about $2.72 billion) to refinance debt ahead of...
May 01, 2023
Bahrain is set to join other Persian Gulf region countries in a unified payments/settlement system. The country’s Shura Council approved the move this weekend, according to a Monday (May 1) report by...
January 30, 2023
Apparel Group and Steve Madden have entered into a joint venture. The Dubai-based retail group has signed an agreement with the U.S. fashion company to expand the brand’s global footprint,...
