BusinessLatest Business and Company Updates
Lulu Group Posts Record Profits After IPO Surge
Lulu Group International has reported a remarkable leap in profits for the third quarter, marking a significant milestone in the company’s financial journey following its initial public offering (IPO). The group, known for its retail and wholesale operations across the Middle East and Asia, saw its profit more than double
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Emirates NBD Backs AED 3.9 Bn Funding for Dubai’s Blue Metro
Emirates NBD has arranged AED 3.9 billion in fully underwritten syndicated bonding facilities to support the MAPA‑LIMAK‑CRRC consortium building Dubai’s Metro Blue Line Project, advancing the emirate’s 2040 Urban Master Plan goals for a world‑class public transport network. The bond will cover part of
e& Acquires Turkey’s GlassHouse in $60M Deal
Telecommunications giant e& has announced the acquisition of GlassHouse, a leading Turkish technology firm, in a strategic move valued at $60 million. This acquisition marks a significant expansion of e&’s regional footprint and underscores its commitment to broadening its technological
Deyaar Aims High with AED 2 Billion Flagship Residential Tower
Dubai-listed Deyaar Development has announced ambitions to achieve sales of nearly AED 2 billion from its Downtown Residences project in Business Bay, CEO Saeed Mohammed Al Qatami confirmed to CNBC Arabia. The mammoth twin‑tower, rising over 110 storeys and reaching 445 metres in height, is
