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1Q results from Lulu, Talabat, ADA, Dewa, RAK Ceramics, Dubai Investments, Agthia, and Alef
Lulu also saw a slowdown on the back of softer activity in March Lulu Retail’s net income fell 32.8% on…
IHC, Lulu, Talabat, AD Ports, ADNH turn in earnings
It was a good year for IHC, ADNH, Talabat, AD Ports, and Lulu, while Tabreed’s refinancing weighed on earnings
THIS MORNING: IMF sees MENA growing 3.9% in 2026
Plus: AD Ports eyes Nigeria’s ports
THIS MORNING: Abu Dhabi to invest up to USD 2 bn in India’s logistics sector + CBUAE cuts interest rates by 25 bps
Plus: Dubai’s hotel market occupancy is projected to reach 81% in 2025
Lulu and Parkin recognised for listing success
Plus: Abu Dhabi University jumps to top 400 in QS World University Rankings
Lulu Retail, Mair Group and ADNH Catering are now included in FTSE indices
The inclusions will be effective starting 23 June
Egypt’s Elsewedy Electric acquires majority of Dubai-based Thomassen Service + New real estate tokenization platform
Plus: Canater has secured USD 1 mn from regional investment firm Foras in exchange for a 10% equity stake
MENA fixed income outperform as global risks loom
The Bloomberg MENA USD Aggregate Index climbed 2.6% in 1Q 2025
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