Saturday 21 January 2017

Abraaj Group acquires majority stake in Chile firm

The Abraaj Group, a UAE-headquartered investor operating in growth markets, has acquired through its funds a majority stake in Casaideas, a leading home design and home decorations business with growing market presence in Chile, Peru and Bolivia. The transaction represents the fi


106 vendors join Dubai's Market Outside The Box

A record 106 vendors will participate in the 10-day Market Outside The Box (Market OTB), a grassroots retail movement, whihc opened in Dubai today (January 19). It is one of the greatest sources of inspiration during the Dubai Shopping Festival (DSF) for shoppers from around the


Smart Stores Expo to showcase top-notch solutions

Smart Stores Expo 2017, the first of its kind event focusing on the latest trends in retail design, will offer a wide range of solutions including architecture, design, audio visual equipment, retail logistics & store simulations when it opens in Abu Dhabi, UAE next week. The


Doha Festival City in 'final phase of development'

Doha Festival City, the largest entertainment and retail development in the Gulf which is estimated to cost QR6.5 billion ($1.78 billion), has entered into its final phase of development and is set to open its doors to the public in March, said a report.   The giant mixed-us


Retailers ‘slow to embrace digital transformation’

Retailers around the world are moving too slowly when it comes to digital transformation and may not be investing in the right places, a report said, adding that the recent closing of big box stores is just the beginning. “The shakeup caused by digital disruption is already


Damas Jewellery launches new 'Farfasha' range

Damas Jewellery, a leading jewellery and watch retailer in the Middle East, has collaborated with this year’s Dubai Shopping Festival to bring back the ‘Face of Farfasha’ – singer Nancy Ajram – who launched a new line of the popular collection. Durin


India’s Malabar Gold plans $91m expansion

India-based Malabar Gold & Diamonds, one of the world's largest gold and diamond jewellery retailers, plans to invest Dh335 million ($91.28 million) in expansion of its global retail network including 17 new stores in the GCC. The plan will see an addition of 24 stores in


Bahrain Duty Free launches premium watches boutique

Bahrain Duty Free has unveiled the latest addition to its upgraded departures retail outlet at Bahrain International Airport, with the opening of a dedicated premium watches boutique. The 64-sq-m space, which enjoys a prominent location on the main passenger promenade, is home to an ex


Majid Al Futtaim unveils Ajman mall revamp plan

Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa (Mena) region, has announced a comprehensive redevelopment plan for City Centre Ajman that will see the mall almost double in size, from 29,000 to 52,000 sqm, - and the number of car


Fragrance Kitchen to open store at Doha Festival City

Dubai-based Al Tayer Group, a diversified regional business, will open its flagship store The Fragrance Kitchen at Doha Festival City in Qatar. The Kuwait-based fragrance house will debut its first store in the country after it launched the brand at Qatar Duty Free, Hamad Interna

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