Friday 25 July 2014
 
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Saudi retailer Alhokair eyes $560m capital boost

Saudi Arabian retailer Fawaz Abdulaziz Alhokair proposed doubling its capital through a one-for-one bonus issue, the firm said on Wednesday. Alhokair, which franchises brands such as Zara and Marks and Spencer in the kingdom, said

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Al Meera launches new Ramadan offer

Al Meera, a leading retail chain in Qatar, has announced plans to launch a wide array of amazing offers in all its branches across Qatar for Ramadan. The offers will include sale of 1,000 consumer products at cost price, said the

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India likely to ease curbs on online retailers

India could allow global online retailers such as Amazon.com to sell their own products as early as next month, removing restrictions that could boost competition in one of the world's biggest, and most price-sensitive, retail markets.

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Al Meera registers 29pc sales growth

Al Meera, a leading retail chain in Qatar, said it has achieved a 29.4 per cent growth in sales for 2013 which soared to QR1.94 billion ($532 million) from QR1.5 billion the previous year. Announcing the  results, Abdulla Bin

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Top Mideast retailers’ revenue grows 13.5pc

Middle Eastern retailers on the world’s largest 250 list reached a revenue growth of 13.5 per cent last year, said a report. The 2014 Global Powers of Retailing report from Deloitte, in conjunction with Stores Media, pointed

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Saudi retailer Alhokair Q2 profit up 11.8pc

Saudi Arabian retailer Fawaz Abdulaziz Alhokair posted an 11.8 percent rise in second-quarter net profit on Monday that fell short of analysts' forecasts despite increased sales from expansion of stores. The firm made a net pr

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Etisalat, NBAD in m-transactions tieup

Etisalat, the UAE's leading telecom operator, has joined hands with the National Bank of Abu Dhabi (NBAD) to offer mobile point of sale (mPoS) solutions to merchants in the UAE enabling quick and efficient process of card payments for all cu

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Toys 'R' Us in Saudi KAEC lease deal

Toys “R” Us has signed a development lease contract with King Abdullah Economic City (KAEC), one of the largest and economical projects run by the private sector in the Middle East, for a 35,017 sq m plot in the area.

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Indian tax on TV to impact UAE traders

Imposition of tax by the Indian government on the import of television sets is likely to impact electronics goods retailers in the short to medium term, said a senior executive. Before the tax imposition, it is estimated that near

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Indian tax on TV to impact UAE traders

Imposition of tax by the Indian government on the import of television sets is likely to impact electronics goods retailers in the short to medium term, said a senior executive. Before the tax imposition, it is estimated that near

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