Monday 20 February 2017

Fawaz Abdulaziz Alhokair names new CEO

Saudi Arabian retailer Fawaz Abdulaziz Alhokair and Company has appointed Atul Singh, the former Asia Pacific region president for Coca Cola, as its new chief executive effective April 1. The company move comes as Alhokair Fashion Retail continues to consolidate its position


Marka posts 35pc growth in 2016 revenues

Marka, a leading retail operator in the UAE, has reported revenues of Dh291.174 million ($79.2 million) for 2016, marking an increase of over 35 per cent from 2015 revenue figures. Despite the strong increase in total revenues, Marka announced a net operating loss of Dh24.364 mil


Valentine’s spending up 23pc in UAE

Online spending around Valentine’s Day in the UAE has increased by 23 per cent since 2014, according to an analysis of payment card transactions over a three-year period. While the majority of purchases still happen in person, the number of online transactions increased 43


LG, Google unveil watches with Antroid Wear 2.0

LG Electronics (LG) and Google have unveiled the world’s first smartwatches to come preloaded with the Android Wear 2.0 operating system. LG Watch Sport and LG Watch Style began their global rollout in the US starting on February 10 and this will be followed by key markets


Mezzan records $679m revenue

Mezzan Holding, one of the largest manufacturers and distributors of food, beverage, FMCG and pharmaceutical products in the Gulf, reported a revenue of KD207.4 million ($679.54 million) for 2016, a 5.8 per cent increase on 2015. The company’s net profit for the year was KD


India’s Micromax enters ME smartphone market

Micromax Informatics, India’s leading handset manufacturer and the 10th largest smartphone player in the world, has announced its foray into Mena region with the entry into the UAE smartphone market.  Micromax has entered a strategic agreement with Tchannl, one of the

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