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Shein and Reliance Retail are set to expand their supplier network in India, aiming to increase local suppliers from 150 to 1,000 within a year and start exporting Shein-branded clothing to the US and UK within six to twelve months. This move is part of Shein's strategy to diversify its supply chain amid US tariffs on Chinese imports, while also navigating India's regulatory landscape through a partnership that allows foreign brands to operate under domestic control. The collaboration seeks to replicate Shein's on-demand manufacturing model, addressing challenges in matching China's production economics.
D2C Insider has launched Elevate Cohort 4, a 12-week growth accelerator for high-potential D2C startups in India, featuring 12 innovative brands across various sectors, from wellness to AI. The program emphasizes mentorship, community support, and strategic capital to help founders scale and become investor-ready. The kickoff event included a fireside chat with Noise Co-founder Amit Khatri, highlighting the importance of solving real problems and building patiently in the startup journey.
Noise and lack of space are the primary concerns for employees in UAE offices, despite significant investments in workplace upgrades post-Covid. While 31% of staff express satisfaction with their work environments, this figure lags behind those in the UK, India, and the US, though it surpasses satisfaction levels in France and Japan.
The Reserve Bank of India (RBI) has implemented a 50-basis point rate cut and injected ₹2.5 trillion to stimulate borrowing and capital market activity. This aggressive monetary policy is expected to boost IPO demand, with HDB Financial Services' upcoming offering serving as a key indicator of market response.India's IPO market is already thriving, leading globally by deal count in 2024, and the rate cut aligns with a favorable global IPO recovery trend. However, the effectiveness of this policy will depend on how quickly banks transmit these rate reductions to borrowers, which historically takes time.
The Dubai gold rate may see a further decline of Dh2-Dh3 from the current Dh369.25 per gram for 22K as demand softened during Eid Al Adha. While some shoppers took advantage of the offers, overall spending was lower than expected, with many hoping for prices to drop below Dh360 to stimulate fresh demand. The market is witnessing a shift, with more consumers interested in investing in physical gold rather than just purchasing jewelry.
The global Islamic finance industry grew by 14.9% in 2024, reaching US$3.88 trillion in total assets, with significant contributions from Islamic banking, sukuk, and takaful. The sector is expanding into non-traditional markets, driven by fintech innovations and a positive outlook for growth, particularly in emerging economies. Projections indicate the Islamic fintech sector will exceed US$300 billion by 2027, with strong growth anticipated in sukuk and Islamic banking.
A biometric identity verification project co-founded by Sam Altman is launching in the UK on June 12, 2025, starting in London and expanding to other cities. Utilizing a spherical eye-scanning device called the Orb, it generates unique iris codes for users, who will receive cryptocurrency and an anonymous identifier. This initiative raises questions about privacy, security, and the shift from government-led to private enterprise-led identity verification.
HSBC is expanding its investment banking operations in Asia and the Middle East, focusing on high-growth markets like Hong Kong and India while reducing its presence in less profitable regions. This strategic shift aligns with the bank's historical roots and capitalizes on the growing demand for IPOs, particularly as Hong Kong leads global rankings with nearly $10 billion raised this year.The evolving economic corridor between Asia and the Middle East presents unique opportunities for investment banks, with trade relationships projected to surpass those with Western nations by 2027. HSBC's recognition as the Middle East's best investment bank in 2025 underscores its strategic positioning in equity and debt capital markets, supporting the region's economic diversification efforts, especially under Saudi Arabia's Vision 2030.
India has emerged as a crucial strategic market for global brands, according to the CEO of Myntra. This highlights the growing importance of the Indian consumer base in the global retail landscape, emphasizing the potential for international brands to thrive in this dynamic market.
Next-gen high-net-worth individuals are increasingly favoring the Middle East for investments, driven by geopolitical security and economic stability. Saudi Arabia, through its Vision 2030 program and new residency initiatives, is positioning itself as a regional wealth hub, attracting over 20,000 millionaires to Riyadh and 10,400 to Jeddah. Meanwhile, the UAE is also benefiting from this trend, as the region seeks to enhance market connectivity and wealth management services amidst a backdrop of modest growth in HNWI wealth.
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Shein and Reliance expand Indian clothing exports amid global supply chain shifts
10:00 09.06.2025
elevate cohort 4 showcases innovative d2c startups transforming consumer markets in india
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09:27 09.06.2025
UAE employees express concerns over noise and space in workplaces
09:16 09.06.2025
RBI rate cut expected to enhance IPO and bond market activity
08:10 09.06.2025
Dubai gold prices may drop further amid changing market demand
05:24 09.06.2025
global islamic finance assets reach 3.9 trillion with strong growth in 2024
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05:00 09.06.2025
eye-scanning identity verification startup launches in the united kingdom
05:00 09.06.2025
HSBC expands investment banking in Asia and Middle East for IPO growth
04:39 09.06.2025
India emerges as a vital market for global brands according to Myntra CEO
15:26 08.06.2025
next-gen high-net-worth individuals favor middle east for investment opportunities
13:39 08.06.2025
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