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Wasl breaks ground on decarbonized GigaFarm project at Dubai’s Food Tech Valley
ALSO- flydubai partnered with Batik Air Malaysia to allow its customers to access over 40 destinations in Southeast Asia
LuLu Retail raises AED 6.32 bn in largest IPO of the year
The IPO’s final price was set at AED 2.04 per share
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
Lulu Retail boosts IPO offering to 30% amid strong investor demand
The company is now on track to raise up to AED 6.3 bn
DP World and Egypt ink MoU to develop freezone in Egypt
The project aims to foster more investments across the manufacturing, trade, and logistics sectors
Investcorp Capital expands US industrial real estate portfolio with new acquisitions
The latest acquisitions bring Investcorp Capital’s industrial real estate portfolio to a total of 625 buildings
Lulu Retail IPO sells out within one hour
The company is on track to raise up to AED 5.27 bn
Fashion rental platform Best Kept Shared acquires Bazaara. Plus: IHC ups stake in Emircom
The e-commerce platform aims to capitalize on Bazaara’s fashion renters
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