Thursday 23 October 2014
 
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Xerox revenue hit by weak services growth

Xerox Corp has reported a 2 per cent fall in third-quarter revenue due to tepid growth in its services business and slowing demand in the printing business. The company's shares were down 3 per cent at $12.79 in afternoon trading on the New York Stock Exchange.

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Yas Mall to unveil brand new retail concepts

Yas Mall, Abu Dhabi’s ultimate retail destination set to open in November, is set to unveil a variety of brand new concepts launched for the first time by leading regional and international retail stores. Designed with all ranges of consumers in mind, the mall will provide

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Sole Dxb to showcase latest collection at d3

Sole, UAE’s premier lifestyle platform, will showcase the latest in footwear, apparel, hip-hop, street art, and basketball at the latest edition of the Sole Dxb exhibition at the Dubai Design District (d3). D3, to be held on November 14 and 15, is a purpose-built community dedica

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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

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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

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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

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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

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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

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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

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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

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