Wednesday 22 October 2014
 
»

Fawaz Alhokair quarterly net rises 7.7pc

Saudi Arabia retailer Fawaz Abdulaziz Alhokair Company reported a 7.7 per cent rise in second-quarter profit on Monday as sales increased and it made foreign exchange gains, but the profit missed analysts' estimates. The company made a net profit of SR303.74 million ($81.0 mi

More…

Qatar to buy $616m stake in HK retail operator

Qatar's sovereign wealth fund has agreed to buy a HK$4.78 billion ($616 million) stake in Lifestyle International Holdings, operator of the SOGO department stores in Hong Kong and mainland China, Lifestyle said on Monday. A unit of Qatar will pay HK$14.75 ($1.90) per share fo

More…

Microsoft ‘to launch smartwatch within weeks’

Microsoft Corp is preparing to launch a smartwatch within the next few weeks that will passively track a user's heart rate and work across different mobile platforms, Forbes reported on Sunday. The wearable gadget's battery life will exceed two days of regular us

More…

Abu Dhabi in group bidding to buy Reebok

An investor group that includes funds affiliated with the Abu Dhabi government and a Hong Kong-based private equity firm is launching a bid to buy Reebok from Adidas AG for about $2.2 billion, the Wall Street Journal reported on Sunday. Jynwel Capital, a private equity i

More…

Jarir Marketing to double stores over five years

Saudi Arabian retailer Jarir Marketing Co plans to invest SR1.1 billion ($293 million) over the next five years to roughly double the number of its stores in Saudi Arabia and the Gulf, its chairman said. The kingdom's largest listed retailer aims to open six new stores on ave

More…

Italian eyewear brand opens ME office at Dafza

Italy-based Safilo Group, a leading eyewear company, has opened its first Middle East office at Dubai Airport Freezone Authority (Dafza). Safilo Group aims at strengthening its presence in the regional markets through the establishment of a locally incorporated, 100 per cent owne

More…

UAE fragrance market seen hitting $305m

Rasasi Perfumes, a leading Oriental fragrance brand across the GCC region, has opened six new outlets in the UAE as part of an expansion strategy to tap the burgeoning market on track to touch Dh1.12 billion ($305 million) by 2017. In year 2014, the company plans to add more than

More…

Samsung launches Galaxy Note 4 in Jordan

Samsung Electronics Levant has launched the new sleek and stylish Galaxy Note 4 in Jordan in partnership with the BCI Group, the authorised distributor for Samsung mobile devices in the country. Bumsuk Hong, the president of Samsung Electronics Levant, said: "Galaxy Note 4 r

More…

Mobiles affecting shopping decisions in Mena

About 90 per cent of mobile Internet users in Saudi Arabia and UAE, and 60 per cent in Egypt have used their phone while in store to check prices, product reviews or ask friends for advice, a report said. Around 81 per cent and 44 per cent respectively have stopped a purchase as

More…

Top bridal event to unveil in Abu Dhabi, Dubai

A top Middle East show for the best in wedding, fashion, beauty, jewellery and honeymoon travel industries is set to launch in Abu Dhabi and Dubai next year. The Bride 2015, as part of its 18th anniversary celebrations this year, will run from January 28 to 31 at the Abu Dhabi Na

More…

calendarCalendar of Events

Ads