BusinessLatest Business and Company Updates
Lulu Retail Holdings Sees Profit Growth in Q2 2025
Abu Dhabi-listed Lulu Retail Holdings has posted a modest profit increase for the second quarter of 2025, with net earnings reaching $57 million, up by 2% year-on-year. The retail giant’s revenue for the quarter rose by nearly 5%, hitting $2 billion. This growth was primarily attributed to like-for-like sales growth
VFS Global Secures 7-Year Dollar Loan at Tightened Spread
VFS Global has priced a seven-year USD tranche of $1,010 million at 250 basis points over SOFR, marking a 50bps tightening from its previous guidance.The loan forms part of a dual-currency raise, with an equivalent euro tranche also in play
Dubai Startup Reinvents Party Planning Marketplace
Dubai’s events sector is being reshaped by a new digital platform aiming to simplify how people organise celebrations. The PartyPlatform, founded by Patrick Narracott, has introduced an online marketplace linking customers directly with vendors, allowing users to either hire full-service
Russian Design Forum 4: a key event for Russian-speaking designers as part of Dubai Design Week
On 8 November 2025, Dubai hosted Russian Design Forum 4, the only professional forum for Russian-speaking interior designers and architects in the Middle East. The event was part of Dubai Design Week, which highlighted its importance for the regional design
