Saturday 30 August 2014
 
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Tesco issues new profit warning

Tesco will slash its dividend and investment spending to give its new boss more firepower to rebuild Britain's biggest retailer, after a second profit warning in two months showed the scale of the task it faces. The grocer said yesterday that as a result of its worsening perf

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HyperPanda opens renovated store in Dubai

Leading retailer HyperPanda has opened an upgraded store in Dubai, with innovative ways to display products and offer services, said a report. It features a new consumer electronics section with a large dedicated area, colourful general merchandise and textile sections, revamped

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Apple invites media to Sept 9 event; new iPhones likely

Apple has invited media to a "special event" in its hometown of Cupertino, California, on September 9, when the iPhone maker is expected to unveil the latest versions of its best-selling smartphones. Apple's typically cryptic invitation read: "Wish we could say

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Samsung unveils smartwatch that can make calls

Samsung Electronics on Thursday unveiled what it said was the first smartwatch capable of making and receiving calls without a mobile phone nearby, in the South Korean firm's latest effort to find a new growth driver. The world's biggest smartphone maker has been pushing

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Grohe’s kitchen faucet wins ‘red dot’ award

Grohe, a leading manufacturer of design faucets and water fittings, has won the ‘red dot: Best of the Best’ award for its Minta Touch kitchen faucet, at the 2014 edition of the ‘red dot award: product design 2014’ which was held in Germany recently. The co

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Casio Mideast launches new Edifice models

Casio Middle East has unveiled its two new Edifice time pieces, across stores in the GCC. The ERA300B-1AV and ERA300DB-1A2V, have been engineered with the ‘Twin Sensor’ technology, an auto neon illuminator and a 100-m water resistance, said a statement.

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Apple ‘planning 12.9-inch iPad for 2015’

Apple is preparing to roll out a larger, 12.9-inch version of its iPad for 2015, with production set to begin in the first quarter of next year, Bloomberg cited people with knowledge of the matter as saying on Tuesday. The report comes as Apple struggles with declining sales of i

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Dubai retail sector to hit $41 billion by year-end

Dubai’s impressive average spending power of Dh53,000 ($14,400) per household per year has seen the retail sector riding a wave of growth to reach record figures, a report said. According to the latest data from Colliers International, Dubai’s households spend between

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Paris Gallery opens new store in Abu Dhabi

Paris Gallery, the leading luxury retailer in the region has opened a 4,900 sq ft opulent store at the Bawabat Al Sharq mall. This new store in Bani Yas strengthens the luxury retailer’s presence in Abu Dhabi. Paris Gallery offers a premium collection of inte

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Samsung rolls out new washing machine in Jordan

Samsung Electronics has launched its new washing machine WW8000 in the Jordanian market which offers families with high performance, energy efficiency and laundry care, all housed in an elegant crystal blue design. Speaking at the launch, Bumsuk Hong, the president of Samsung Ele

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