The 2024 LYST Rankings highlight the most popular brands over the last three months, with Alaïa leading the charge. The luxury brand has surged 12 positions, thanks to an overwhelming rise in demand. Joining the ranks of fashion heavyweights like MIU MIU, LOEWE, and PRADA, Alaïa’s resurgence is one to watch this season.
Morocco’s automotive sector continues to thrive, with an impressive 570,000 cars produced in 2023—equating to one vehicle every minute. Most of these cars are exported globally, underscoring Morocco’s growing role in the international automotive market. This achievement highlights the country’s efficient manufacturing capabilities and its importance as a key player in the global supply chain.
Al-Tibbiya stock has seen remarkable growth since its IPO, with the price rising from SAR 50 to SAR 293. This consistent upward trend reflects the company’s strong performance in the Saudi market. Today, the group announced major investments in the construction of large hospitals, which will create 13,000 new jobs, alongside the establishment of a nursing college in Riyadh. Al-Tibbiya continues to drive forward the growth of Saudi Arabia’s healthcare sector.
The Espresso Lab, known for its high-quality selection and roasting of beans from the world’s finest sources. Founded in 2015 by Ibrahim Al Mulla, this acquisition will drive the brand’s expansion and increase its production capacity. Shamal, an investment firm with a diverse portfolio including SUSHISAMBA, Five Guys, and Jumeirah Zabeel Saray, continues to strengthen its presence in the F&B sector with this strategic investment.
The Abu Dhabi Investment Authority (ADIA) is teaming up with the Indonesia Investment Authority and a Dutch pension fund to invest in the development of toll roads across Indonesia. This strategic partnership aims to finance road infrastructure and generate sustainable revenue through toll fees. With Indonesia representing 22% of Southeast Asia’s economy and a population of 58 million, this investment is set to play a crucial role in the country’s economic growth.
