Sunday 25 January 2015

Minelab opens gold trading facility in Dubai

Minelab, a world leader in providing metal detecting technologies, has opened a state-of-the-art gold retail facility in Dubai, UAE representing a major advancement for the ‘Gold’ division of the company. The Dh7.5 million ($2 million) Minelab MEA General Trading faci


Marka, UEFA to launch concept store in Abu Dhabi

Marka, the first UAE-listed retail and hospitality company, has teamed up with UEFA, European football’s governing body, to build the region's first ‘UEFA Champions League Experience’ concept stores across the Middle East in Abu Dhabi. The first UEFA Champio


British retail sales post surprise gain

British retail sales unexpectedly rose in December as shoppers flocked to supermarkets and bought more fuel as oil prices fell, providing a boost for the country's economic recovery that has shown signs of softening. Economists had expected sales to be weaker after a US-style


Waitrose to open supermarket at new Nakheel mall

Nakheel, a leading Dubai-based developer, today confirmed high-end British supermarket chain Waitrose as the first anchor tenant at Al Khail Avenue, its new mall to be constructed at Dubai’s Jumeirah Village Triangle. Waitrose will occupy 35,000 sq ft at the new shopping, d


Mace to manage development of Abu Dhabi’s Reem Mall

National Real Estate Company (NREC), a leading Mena real estate developer, has appointed international consultants Mace to project manage the development of Abu Dhabi's new entertainment, dining and shopping destination - Reem Mall.  Reem Mall, developed in partnership with Ku


Tommy Hilfiger launches digital sales showroom

Tommy Hilfiger, one of the world’s most recognised premium designer lifestyle groups, has announced the launch of an innovative digital sales showroom, located at its global headquarters in Amsterdam, Netherlands. The digital showroom revolutionises the sales experience for


Fawaz Alhokair Q3 net profit falls

Saudi Arabia retailer Fawaz Abdulaziz Alhokair Company reported a 20.3 per cent fall in third-quarter profit, missing analyst estimates, blaming seasonal factors. The company made a net profit of SR106.2 million ($28.3 million) in the three months to December 31, down from SR133.


Valuable carpets on sale at Bahraini expo

Antique carpets worth thousands of dinars are among items from around the world that went on sale in Bahrain yesterday. The 26th annual Autumn Fair features more than 750 exhibitors from 21 countries and will run until January 29, said a report in the Gulf Daily News (GDN), our s


Indian firm has ‘largest product basket’ in lounge wear

Ashapura Intimates Fashion of Valentine Group of India has emerged having the largest product basket globally in the niche segment of Lounge Wear. With vertically integrated manufacturing, the second plant will open in Gujarat in the near future, and the company will have the big


Dubai businesses see major boost during DSF

Businesses across key economic sectors including retail, aviation and hospitality were given a major boost during the first two weeks of the Dubai Shopping Festival’s 20th anniversary. The preliminary economic indicators showed that shopping malls have witnessed an increase

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