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Shein Market
July 17th, 2026 - 04:03 GMT
Osama Ali

Osama Ali

Shein wins Hong Kong listing approval, targets $50 billion valuation

ALBAWABA — Chinese fast-fashion behemoth Shein has taken a step closer to its long-awaited stock market debut after winning clearance from the Hong Kong Stock Exchange’s Listing Committee, leading to what might be one of Asia’s largest initial public offerings (IPOs) in recent years. The company aims to publish its preliminary prospectus in the week of July 27, and the IPO may start as soon as the end of August ...
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The rising oil price has reduced the need for Gulf governments to sell bonds. (Shutterstock)
September 5th, 2018 - 07:51 GMT

Islamic GCC Bond Sales Fall by 32 Percent Due to Oil Price Hike

Local banks increased their hiring while foreign banks reduced the number of employees. (Shutterstock)
September 5th, 2018 - 06:45 GMT

More Than 750 Employees Hired in UAE Banks

The FTA had earlier announced that the VAT refund scheme will be implemented from the fourth quarter of 2018. (Shutterstock)
September 5th, 2018 - 06:17 GMT

VAT Refund for UAE Tourists to Roll out in November

Dubai is already well on its way to achieving most of its smart city transportation goals. (Shutterstock)
September 4th, 2018 - 09:32 GMT

Dubai Embraces Smart Modes of Transport

"Motorists have to start paying for the parking spaces after the expiration of the grace period to avoid being fined." (Shutterstock)
September 4th, 2018 - 09:21 GMT

No More Free Parking in Abu Dhabi Starting Saturday

The rial has lost around 15 percent of its value on the open market in the past three days, bottoming at 128,500 to the dollar by Monday evening. (Shutterstock)
September 4th, 2018 - 08:43 GMT

Iranian Rial Deteriorates Against Dollar

Oil Prices to Remain Between $70 - $80 per Barrel. (Shutterstock)
September 4th, 2018 - 08:36 GMT

Oman: Oil Prices to Remain Between $70 - $80 per Barrel

Turkish President Recep Tayyip Erdogan. (AFP)
September 4th, 2018 - 08:10 GMT

Turkey to Ditch the Dollar in Trade With Iran, China

The rate of renewing contracts increased by 21 per cent in 2017 compared with 2016. (Shutterstock)
September 4th, 2018 - 08:02 GMT

Oman Rents Drop Due to Cancelation of Rental Contracts

The unemployment rate during the second quarter of 2018 was 18.7 percent. (Shutterstock)
September 4th, 2018 - 07:56 GMT

Unemployment Rate Increases in Jordan But Decreases Among Women

Officials have warned that anyone who will be caught staying in the country after the expiration of their visa will face legal action including jail sentence, hefty fines and deportation. (Shutterstock)
September 4th, 2018 - 07:48 GMT

Jobseeker Visa Violators to Face Prosecution in UAE

Abu Dhabi Commercial Bank (ADCB) said that merger talks with Union National Bank (UNB) and Al Hilal are at a very preliminary stage.
September 4th, 2018 - 07:41 GMT

Three Major UAE Banks Mulls Merger to Create $113 Billion Bank

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