Thursday 17 April 2014
 
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retail

Tesco seals India joint venture agreement

Britain's Tesco has sealed a joint venture agreement with a unit of India's Tata Group that will see it invest $140 million and become the first foreign supermarket to enter the country's $500 billion retail sector. Te

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Emaar's retail spin-off plan 'won't affect rating': S&P

Standard & Poor's plans no rating action relating to Dubai's Emaar Properties after the emirate's largest listed developer announced plans to spin off its retail unit, an analyst covering the company said on Monday.

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Emaar listing of retail unit 'within months'

Dubai's Emaar Properties expects the listing of its retail unit to occur within months, while it is also preparing its Egyptian unit for an initial public offer in Egypt, Emaar chairman Mohammed Alabbar said on Sunday. Dubai&#

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Emaar to list shopping malls & retail subsidiary

Emaar Properties, the global property developer, has announced plans to list its shopping malls & retail subsidiary, marking one of the largest public offerings in the region since 2008. Subject to market conditions, Emaar wil

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Alhokair eyes US, UK buys; plans debut sukuk

Fawaz Abdulaziz Alhokair Co, the Saudi retailer which franchises brands such as Zara and Marks and Spencer in the kingdom, is studying 3-5 acquisition targets in the US and UK, a company executive said on Monday. The firm, the lar

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MAF in deal to set up retail academy

Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer in the Mena region, has joined joining forces with the Higher Colleges of Technology (HCT) to establish a retail academy and industry consortium. It is aimed

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Nakheel retail projects get 160 bookings

Leading property developer Nakheel has confirmed 160 bookings for its upcoming retail projects, said a report. More than 70 per cent of space at the developer’s Al Furjan community centre has been taken, while 55 per cent of

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Shell sells Italian retail business to KPI

Anglo-Dutch oil and gas major Shell said it has agreed to sell its Italian retail and aviation business to Kuwait Petroleum International (KPI). "The sale is consistent with Shell's strategy to concentrate Shell's dow

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All BMMI Bahrain staff to get medical insurance

BMMI, a Bahrain-based retail, distribution and contract supply group, has extended its medical insurance scheme to include all of its employees based in the country. The new medical insurance scheme is aimed at helping ensure the

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Abu Dhabi Duty Free retail sales up 13pc

Abu Dhabi Duty Free has registered a 13 per cent increase in its retail sales for 2013 which soared to a record Dh912.7 million ($248 million) compared to the year before, said a report. The successful year ended on a high note wh

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