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Barclays has initiated coverage on Macy's, Inc. with an equal weight rating and a price target of $12. The company operates under three brands—Macy's, Bloomingdale's, and Bluemercury—offering a diverse range of merchandise across stores, websites, and mobile applications in 43 states and territories. Its private label brands include Alfani, Aqua, and Charter Club, among others.
Zest Equity, a Dubai-based startup, has raised $4.3 million in pre-Series A funding to enhance private market transactions in emerging economies. Founded in 2021, the platform aims to streamline complex deals under $100 million, having already facilitated over $155 million in transactions. With plans for expansion in Saudi Arabia and the UAE, Zest Equity is set to redefine private market infrastructure in the region.
iMENA Group has secured $135 million in pre-IPO funding from investors including Sanabil Investments and FJ Labs, marking a pivotal step in its transformation into iMENA Holding, a Saudi Closed Joint Stock Company. The funds will enhance its stakes in profitable platforms OpenSooq, SellAnyCar, and Jeeny, which are experiencing over 55% annual growth. This investment underscores the confidence in the MENA digital economy and positions iMENA for a potential public listing.
Bahraini foodtech startup Calo has expanded into the UK by acquiring meal delivery brands Fresh Fitness Food and Detox Kitchen, marking its first move outside the GCC. The UK was chosen for its market potential, time zone alignment, and cultural fit, with plans for further international growth in Europe and the US. The integration of these brands aims to enhance Calo's offerings of healthy, customizable meal deliveries.
UAE-based Hushday has secured USD 550K in pre-seed funding to enhance its invitation-only premium sales platform, aimed at luxury brands managing excess inventory while preserving pricing control. The startup plans to launch in the UAE and expand into Saudi Arabia, Qatar, and Kuwait, tapping into a growing regional demand for high-quality off-price retail. With a focus on curated sales and AI-driven recommendations, Hushday seeks to create a strategic distribution layer that connects brands with new audiences, targeting the GCC's projected USD 16 billion premium off-price market.
Dubai-based startup Hushday has secured AED 2 million (US$550,000) in pre-seed funding to launch the Middle East's first invitation-only premium flash sales platform on May 2, 2025. Targeting the growing GCC luxury market, Hushday aims to help brands manage excess inventory while maintaining exclusivity through AI-driven recommendations and a mobile-first, referral-only model. The company plans to expand into Saudi Arabia, Qatar, and Kuwait by 2026, capitalizing on the region's robust luxury spending and evolving e-commerce landscape.
iMENA Group has successfully raised $135 million in a pre-IPO funding round, led by Sanabil Investments and other prominent investors. The funds will enhance iMENA's stake in its key businesses—OpenSooq, SellAnyCar, and Jeeny—while supporting expansion and operational synergies. The company has restructured as a Saudi Closed Joint Stock Company, positioning itself for a potential public listing.
Saudi Arabia's economy is projected to grow by 3% in 2025, with an increase to 3.7% in 2026, according to the IMF. This growth outpaces the global average of 2.8% for 2025, while inflation is expected to remain stable at 2.1%. The Kingdom is set to outperform several Gulf neighbors, with Bahrain at 2.8% and Qatar at 2.4%.
Kuwait is investing nearly $6 billion in infrastructure as part of its economic diversification strategy for the 2025-2026 budget, focusing on transportation, water, and electricity, including the Mubarak Al-Kabeer Port project. This initiative aims to enhance economic growth and strengthen non-oil revenues, despite a projected budget deficit of approximately $20.43 billion. The port, estimated to cost $3.2 billion, will support over 8 million containers and is integral to China's Belt and Road Initiative.
Shares of JD.com and Meituan plummeted on April 22, 2025, amid rising competition in China's food delivery sector, with JD.com down 8.1% and Meituan 8%, marking a seven-month low. The fierce rivalry has led to price cuts and increased costs as both companies hire full-time couriers, contributing to a 25% stock decline since March 2025. As the market matures, Meituan is focusing on international expansion, while JD.com emphasizes domestic growth through aggressive subsidies and hiring strategies. Labor conditions are becoming a critical battleground, with both companies facing scrutiny over profitability and operational costs.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
barclays starts coverage of macys with equal weight rating and price target
13:52 28.04.2025
iMENA secures 135 million dollars in pre-IPO funding for regional expansion
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imena group raises 135 million for digital expansion ahead of ipo
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18:42 27.04.2025
Bahraini foodtech startup Calo expands into UK with key acquisitions
10:52 27.04.2025
Hushday secures funding to enhance luxury retail access in the Middle East
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Dubai startup Hushday secures funding for exclusive luxury flash sales platform
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imena holding secures 135 million in pre-ipo funding round
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02:12 27.04.2025
IMF projects Saudi economy to grow 3 percent in 2025
06:54 23.04.2025
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11:48 22.04.2025
jd com and meituan shares tumble amid fierce food delivery competition
09:37 22.04.2025
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