BusinessLatest Business and Company Updates
Dubai Duty Free Surpasses AED4.1bn in Half‑Year Sales
Dubai Duty Free posted its strongest first-half performance to date, recording turnover of AED 4.118 billion, a 5.34 per cent increase over the same period in 2024. This figure eclipses the previous H1 record by AED 208.95 million, signalling robust recovery and sustained growth since the pandemic.The surge was underpinned by heightened passenger engagement during
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VFS Global Cuts Cost of $2 Billion Term Loan with Tighter Pricing
VFS Global has launched a $2 billion-equivalent term loan facility, securing markedly tighter pricing for its seven-year dollar and euro tranches. The USD portion of $1.010 billion is priced at 250 basis points above the Secured Overnight Financing Rate,
VEON Strengthens Kazakhstan Hold with OLX KZ Acquisition
Dubai-headquartered digital operator VEON Ltd. is set to acquire full ownership of classified-ads platform OLX Kazakhstan through its Kazakh subsidiary Beeline Kazakhstan for US$75 million, marking a strategic push into Central Asia’s digital services ecosystem. The deal expands Beeline’s footprint beyond connectivity
Nike’s Strategy to Appeal to Runners with Chunky Sneakers
Nike is shifting its strategy to regain traction among serious runners by introducing high-performance, chunky sneakers that combine advanced technology with a bold design. The new lineup, part of Nike's broader efforts to diversify its offerings, aims to attract both
