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ADIB rolls out fractional sukuk for retail investors
Plus: Pakistani startup Haball to expand to the UAE in 2025 or 2026
Majid Al Futtaim’s net income falls 6% in 2024 on heightened market competition
The company’s revenue decreased by 1.6% y-o-y to AED 34 bn last year
Al Futtaim invests in automaker BYD
The partnership will focus on expanding their presence within the sustainable transportation and advanced technologies sectors
THIS MORNING: Emirates NBD reportedly eyes acquisition of Egypt’s Banque du Caire + MAF shutters Carrefour stores in Oman
Plus: UAE, Malaysia could finalize trade agreement next week
Orient Ins. expands to Saudi Arabia
PLUS: South Korea’s Dareesoft to expand to UAE + GCC
THIS MORNING: MAF shuts down Carrefour stores in Jordan, opens up new retail chain + Dubai is getting a new sewage fee structure
Plus: LuLu Retail will set the final price for its IPO today
Majid Al Futtaim Properties appoints John Rishton as acting chairman
Rishton is also the chairman of Serco and Informa
Final trickles of earnings season
Majid Al Futtaim, Emirates REIT, and Binghatti report 1H financials
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