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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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Illegal expat workers in the United Arab Emirates (UAE) can now leave the country without paying any fines as part of an amnesty campaign. (AFP)
July 26th, 2018 - 10:04 GMT

UAE Grants Amnesty to Illegal Expat Workers

The platform will allow SMEs to break down many obstacles and open up new opportunities. (Shutterstock)
July 26th, 2018 - 09:49 GMT

Saudi Arabia Launches Digital Financial Platform to Support SMEs

The country’s budget deficit had fallen below 10 per cent for the first time since 2011. (Shutterstock)
July 26th, 2018 - 09:39 GMT

Egypt's GDP Reaches Its Highest in 10 Years

Facebook stock nosedived 20 per cent. (Shutterstock)
July 26th, 2018 - 08:47 GMT

Facebook Stock Falls 20 Percent, Loses $120 Billion in Market Value

Qatar has signed more 50 bilateral agreements for safeguarding Qatari investments in other countries around the world. (Shutterstock)
July 26th, 2018 - 08:34 GMT

Qatar Signs Over 50 Deals for Investments' Protection Abroad

The Minister indicated that Saudi Arabia is temporarily halting all oil shipments through Bab-El-Mandeb Strait until the situation becomes clearer. (Shutterstock)
July 26th, 2018 - 08:12 GMT

Saudi Arabia Halts Oil Shipments Through Red Sea After Houthi Attacks

The funding is the first action adopted following the agreement by EU member states to finance an additional €3 billion ($3.5 billion) for the Facility for Refugees in Turkey. (Shutterstock)
July 26th, 2018 - 08:00 GMT

EU Supports Syrian Refugees Education in Turkey With $468 Million

The UAE, led by Dubai with a volume of new developments in the Middle East, has over 200 projects underway. (Shutterstock)
July 26th, 2018 - 06:35 GMT

UAE Hospitality Industry to Reach $7.6 Billion by 2022

Iraq exported about 625 million barrels of oil during the first half of the year, compared with 592 million barrels over the same period in 2017. (Shutterstock)
July 25th, 2018 - 11:25 GMT

Iraqi Oil Exports Increase Despite the Unsettled Situation in Basra

The mobile market witnessed a previous decline in the number of mobile subscribers in March, losing about 1.2 million subscribers. (Shutterstock)
July 25th, 2018 - 11:11 GMT

Egypt Mobile Market Loses Around 1.5 Million Subscribers in April

Etisalat Group’s financial performance of the first half of this year showcased its ability to innovate and lead in the telecom and digital services arena. (File/ Photo)
July 25th, 2018 - 09:59 GMT

Etisalat UAE Reports $1.17 Billion Net Profit in H1'18

Since 2004, the EU has financed the construction of 10 solid-waste treatment facilities in Lebanon. (Shutterstock)
July 25th, 2018 - 09:45 GMT

EU, UN Face Backlash for Proposed Solutions on Waste Management in Lebanon

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