Latest news with #LuluRetailHolding
Gulf Today
7 days ago
- Business
- Gulf Today
BHM Capital extends its heartfelt congratulations to Lulu Retail Holding on the occasion of its inclusion in the FTSE Emerging Markets Index
Gulf Network BHM Capital extends its heartfelt congratulations to the Board of Directors and Executive Management of Lulu Retail Holding on the occasion of its inclusion in the FTSE Emerging Markets Index—a new milestone that reflects the company's leading position in the retail sector and affirms global market confidence in its performance. This achievement comes as part of a series of successes by several listed companies that have entrusted and appointed BHM Capital as the stablizing agent and/or liquidity provider. The list includes companies listed in DFM and ADX such as Gulf Navigation Holding, Waha Capital, Taaleem, Ajman Bank, Abu Dhabi National Hotels, Abu Dhabi Catering and Hotels, Phoenix, Dubai Taxi, and Spinneys. The inclusion of listed companies in any of the global indecies is a highly recognized and significant step toward expanding the investor base and enhancing the presence of UAE companies on the investment map of international investors. On this occasion, we once again extend our sincere thanks and appreciation to the Boards of Directors and Executive Management of these leading companies for their trust in BHM Capital as a reliable partner in supporting their investment strategies, and for their active role in the development of the UAE's capital markets.
Hi Dubai
08-05-2025
- Business
- Hi Dubai
UAE-Made Products Gain Popularity with Shoppers as Retailers Increase Shelf Space for Local Goods
Retailers across the UAE are significantly increasing their shelf space for locally produced goods in response to rising consumer demand and a national push for industrial growth. As part of this shift, major retail chains are working closely with local manufacturers to boost visibility and sales of UAE-made products. Lulu Retail Holding, a key player in the region, has been promoting local goods through its Emarat Al-Awwal initiative for the past seven years. CEO Saifee Rupawala revealed that, since last year, the company has collaborated with the Ministry of Industry and Advanced Technology to roll out the Make it in the Emirates campaign nationwide. The retailer aims to grow its sales of locally produced items by at least 10 percent, using strategies like in-store branding and targeted promotions to highlight domestic products. Similarly, Almaya Group has reported increased consumer interest in UAE-made goods, particularly in categories such as dairy, fresh produce, and sweets. Kamal Vachani, Partner at Almaya Group, shared that while imported goods still dominate niche markets, a growing number of shoppers are actively seeking locally produced options. "The quality of local products is improving, which is building long-term consumer trust," he said. At Al Kabayel Discount Centre, the trend toward local sourcing has become more pronounced in recent years. Purchase Manager Ajith Kumar noted that many items, once imported and later packed locally, are now fully produced within the UAE, reflecting stricter local regulations and higher product standards. Consumers are taking notice of the shift, with many expressing support for locally produced goods due to their freshness and longer shelf life. Shoppers like Yousef Alzaabi and Ali Abdullah are keen to see more local options in stores, citing the convenience and reliability of UAE-made products. As the demand for homegrown alternatives grows, UAE retailers are poised to further integrate local products into their offerings. News Source: Khaleej Times
Reuters
02-04-2025
- Business
- Reuters
Abu Dhabi bourse falls ahead of Trump tariff plan, Dubai gains
April 2 (Reuters) - Abu Dhabi bourse ended lower on Wednesday after the Eid holiday, taking its cue from the global equity markets, as investors awaited details of U.S. President Donald Trump's tariff plans. The White House is set to reveal new reciprocal tariffs at 2000 GMT on Wednesday. These tariffs are expected to take effect immediately after Trump's announcement, leaving investors fretting over the risks of an intensifying global trade war. In Abu Dhabi, the index (.FTFADGI), opens new tab — which traded after a three-session Eid break — lost 0.4%, hit by a 2% slide in Aldar Properties ( opens new tab and a 3% decline Lulu Retail Holding ( opens new tab. Elsewhere, Kuwait's bourse (.BKP), opens new tab was down 0.6%, while Bahrain market (.BAX), opens new tab eased 0.1%. However, Dubai's main share index (.DFGMGI), opens new tab gained 0.3%, helped by a 0.8% rise in blue-chip developer Emaar Properties ( opens new tab. Stock Exchanges in Saudi Arabia, Qatar, Egypt and Oman remain closed for Eid.
