by Jibran Munaf | November 7, 2024 | Banking, Financial Services
European Central Bank President Christine Lagarde emphasized the need for “truly European” banks on Wednesday, advocating for a banking sector that transcends national borders to increase lending capacity and economic resilience. Her comments come amid...
by Jibran Munaf | November 7, 2024 | Commodities, Retail
Commodity markets saw a widespread decline on Wednesday following Donald Trump’s U.S. presidential election win, with oil, metals, and agricultural goods all retreating as a surging U.S. dollar weighed on prices. The dollar’s one-day rise, its largest since March...
by Jibran Munaf | November 7, 2024 | Economy
Despite a quieter third quarter, the GCC’s initial public offering (IPO) landscape is expected to remain robust through the end of 2024, according to PwC’s Middle East Capital Markets Leader, Muhammad Hassan. Companies from various sectors across the region are...
by Jibran Munaf | November 7, 2024 | Real Estate
Qatar’s mortgage market recorded robust activity in the third quarter of 2024, with total mortgage transactions reaching QR10.802 billion ($2.74 billion) across 351 deals, according to data from the Ministry of Justice. This marks a notable increase from Q3 2023, when...
by Jibran Munaf | November 7, 2024 | Corporate Finance, Retail
Lulu Retail Holding has set the price of its initial public offering at AED2.04 ($0.56) per share, marking the top of its indicative range and valuing the company at AED21.1 billion ($5.75 billion). The IPO raised a record-breaking $1.72 billion, making it the largest...
