Business Blog

The UAE-based supermarket chain Lulu Group has bought a 10 percent stake in UK-based trading firm The East India Company and a 40 percent stake in its fine foods subsidiary for around $82 million in total.The new investment will enable the fine foods unit to expand its store network in Europe, the Far East and prepare for a launch in the United States, M.A. Yusuff Ali, managing director of Lulu

Kuwait Finance House (KFH) launched an investment deposit called Al-Deema. The deposit has numerous advantages and features. This comes as part of KFH's efforts in offering its clients new services and products to meet their expectations.

The development of dry hotels (hotels that do not serve alcohol in Dubai has been growing in recent years, buoyed by the increasing availability of Islamic finance, according to industry experts.

* Risk aversion sends U.S. shares lower* Equity volatility continues, VIX Index hits highest since 2012* U.S. Treasuries up, 30-year bond yield lowest since June 2013(Adds U.S. market open, changes byline, changes dateline, previously LONDON, recasts lead)By Yasmeen AbutalebNEW YORK, Oct 10 (Reuters) - An index of global equities fell to a seven-month low and oil hit a two-year low on Friday, cont

Abu Dhabi-based telecoms firm Emirates Telecommunications Corp (Etisalat) is planning its first ever sukuk issuance in a follow-up to its debut conventional bond earlier this year, bankers told IFR.

Abu Dhabi-based telecoms firm Emirates Telecommunications Corp (Etisalat) is planning its first ever sukuk issuance in a follow-up to its debut conventional bond earlier this year, bankers told IFR.