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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
New price controls on basic goods as of 2025
Retailers will now need prior approval from the Ministry to increase prices
Adia subsidiary sells its 69% stake in UK shopping center Liverpool ONE
The Abu Dhabi sovereign wealth fund had tapped JLL last year to find a buyer for its stake
Disrupt Ventures leads USD 5.5 mn seed funding round for South Asian fashion marketplace Laam
The funds will be used for regional expansion purposes
UAE consumers maintain their elite preferences in 3Q 2024 - NielsenIQ
The FMCG sector grew 4.1% in 3Q 2024, while tech and durables grew by 2.8%
Lulu Retail reports first earnings post-listing
Lulu Retail has opened 17 new stores in 2024
Largest IPO of 2024 flat on ADX debut
The retail arm’s shares debuted at AED 1.99 apiece
Landmark Group plans expansion in Gulf, India with USD 1 bn investment over three years
Value conglomerate Landmark Group plans to invest USD 1 bn over the next three years, to expand its operations across…
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