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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 Turkish lira lost about 20 percent of its value against the US dollar. (Shutterstock)
August 16th, 2018 - 09:03 GMT

Interest Rates to Remain Unchanged in Egypt Despite Turkish Lira Crisis

A total of 2.875 million Egyptians were unemployed in the second quarter of 2018. (Shutterstock)
August 16th, 2018 - 08:53 GMT

Unemployment Rate Drops to 9.9 Percent in Egypt

The OPEC’s report also announced Iran’s oil output based on direct communication. (Shutterstock)
August 16th, 2018 - 08:50 GMT

OPEC: Iran Oil Output Hits 3.806 Million bpd in July

Debt issuance in the GCC would be led by Saudi Arabia's $16 billion. (Shutterstock)
August 16th, 2018 - 08:43 GMT

GCC Sovereign Debt Issuance to Exceed $50 Billion

Work permits were cancelled after confirming the relevant information with Ministry of Interior. (Shutterstock)
August 16th, 2018 - 08:37 GMT

More Than 50,000 Work Permits Cancelled in Kuwait

Qatar's growth outlook for 2018 has improved, driven by increasingly broad-based global economic recovery. (Shutterstock)
August 16th, 2018 - 08:03 GMT

Report: Qatar's Economy to Grow 3 Percent Despite Economic Blockade

Cryptocurrencies are not fiat currency as fiat currencies are part of a centralised system. (Shutterstock)
August 16th, 2018 - 07:58 GMT

Are Cryptocurrencies Shari'ah Compliant?

Qatar defied US President Donald Trump on Wednesday and promised to plough $15 billion into Turkish financial markets and banks. (Shutterstock)
August 16th, 2018 - 07:55 GMT

Qatar Rescues Turkey With $15 Billion

Recent developments in US-Turkey relations risk an alliance that has proven its value over decades. (Shutterstock)
August 16th, 2018 - 07:42 GMT

US Official: Tariffs on Turkish Imports ‘Pose Serious Risks’

The ministers met in Manama to review a comprehensive fiscal balance programme. (Shutterstock)
August 16th, 2018 - 07:30 GMT

UAE, KSA, Kuwait to Enhance Bahrain Fiscal Stability

Beyond its financial aspect, there is currently a psychological war between the two countries through high-level rhetoric. (Shutterstock)
August 15th, 2018 - 09:15 GMT

Experts Disagree With Erdogan Latest Move to Overcome Economic Challenges

Saudi Arabia has committed to significant changes to its economy and society as part of its Vision 2030 reform plan. (Shutterstock)
August 15th, 2018 - 09:11 GMT

Report: Arab Countries Need to Focus on Entrepreneurial Potential and Youth

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