Saturday 29 November 2014

P&G mulls sale of $7bn Wella hair care unit

Procter & Gamble is working with Goldman Sachs to explore the sale of its Wella hair care business that could be worth around $7 billion, sources familiar with the matter told Reuters, as the world's largest consumer products company streamlines its business. P&G is e


Lamborghini opens fashion store in Dubai

Collezione Automobili Lamborghini has opened its first Middle East store at The Dubai Mall recently, making it the world’s third for the company, according to a report. The other two retail stores are in Italy, said the Gulf News report. Meanwhile, S


Kcal launches first outlet in Egypt

Kcal, the healthy fast food brand headquartered in Dubai, will launch the first step of its ambitious expansion plan, by opening the brand’s first flagship outlet in Egypt this December. Mark Carroll, Kcal’s co-founder, said: “Egypt is an important market for us


French textile coating specialist launches ‘Innovent’

DHJ International, a French company specialised in textile coating, has launched a new product ‘Innovent.’ It can be used alone or as lining and will cover all clients’ requirements with the aim of enhancing interior comfort, said a statement. The

More… unveils ‘White Friday’ deals, a leading online retailer in the Middle East, has released a sneak peak of deals for ‘Black Friday’, now coined ‘White Friday’ by the retailers. The deals will be on offer on its site on November 27 and 28, while mobile app users will have access


Samsung to buy back $2 billion in shares

South Korea's Samsung Electronics on Wednesday announced a $2 billion share buyback plan, its first since 2007, following investor calls for higher returns against a backdrop of rapidly declining profits. The world's largest smartphone maker will buy back 1.65 million com


Visa offers ME shoppers access to US e-tailers

Visa has partnered with the international shipping platform and shopping facilitator to enable Visa cardholders in the Middle East to shop at thousands of US e-tailers that do not ship internationally., in conjunction with its parent company SkyPostal, a l


UAE’s kitchen, bath products import to hit $30bn

The import of kitchen and bathroom products in the UAE will exceed $30 billion by the end of the year, while the imports across the GCC is expected a double-digit growth of over 15 per cent, according to experts. The market has emerged as a key growth industry in the GCC, driven


Chinese products exhibition opens in Dubai

More than 1,000 Chinese companies are showcasing their latest innovations at China Homelife Dubai 2014, the biggest Chinese products’ sourcing platform in the Mena region, that opened in the Emirate yesterday (November 25). Sami Al Qamzi, director General of Dubai Departmen


BenQ sees 120pc Q3 growth in gaming monitors

BenQ Middle East & Africa, a leader in consumer electronics, recorded 120 per cent growth in gaming monitor segment for the third quarter of 2014 compared to the same period last year. The significant growth is driven by increase in sales of BenQ 27” Gaming Monitor XL27

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