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Malaysia’s Mr DIY mulls IPO delay after ‘turmoil’

Bloomberg Mr DIY Group, Malaysia’s biggest home improvement retailer, is considering postponing its planned initial public offering after the country’s equities market tumbled on political uncertainty, according to people familiar with the matter. The company will finalise a decision on the share sale plan as soon as this week, said the people, who asked not to be identified as the ...

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Free deliveries may answer Africa’s e-comm challenge

Bloomberg In the three years since becoming an agent for mobile e-commerce company Copia Global Inc, Samuel Kihara has boosted revenue at his general store fivefold, opened a second shop, bought land and a truck and moved his children to private school. “The commissions I earn as a Copia agent have been my working capital,” Kihara, 48, said as he ...

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UBF sets up new committees to promote UAE banks’ growth

ABU DHABI / WAM The UAE Banks Federation (UBF), on Sunday announced that it has launched two new technical committees (Fintech and Consumer Protection) and three advisory committees (Compliance, Risk, and Information Security) to promote the growth and transformation of the UAE banking sector. As the official representative body of the UAE banking industry, the federation introduced the new committees ...

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