Saudi Arabian companies are faring better in an era of austerity than many investors feared, but they face more pain in the coming months as gains from cost-cutting and efforts to improve efficiency become more difficult.
Qatar-based Al Meera Consumer Goods Company has recorded a net profit of QR49.4 million for the first quarter of 2016 as compared to QR43.1 million ($13.5 million) for the same period in 2015, marking an increase of 14.6 per cent.
Cards & Payments Middle East, a leading conference and exhibition for payment solutions, is set to return to the Dubai International Convention and Exhibition Centre from May 31 to June 1.
The conference is
The Dubai Chamber of Commerce and Industry has entered into an agreement with the organising committee of the World Retail Congress to host the 11th edition of the event in Dubai next year.
The 10th edition of
Smartphone maker HTC is showcasing its virtual reality suite HTC Vive at the World Retail Congress, starting today at the Madinat Jumeirah, Dubai, till April 14.
HTC has worked with Engage Works and Start Group to create a retail-focuse
Jarir Marketing, one of Saudi Arabia's largest retailers by market value, posted a 29.5 per cent fall in first-quarter net profit on Sunday, below analysts' estimates, as sales fell, especially of smart phones and other electronics.
Dubai’s retailing market size is estimated to have reached $35.4 billion, witnessing sustained annual growth rates of 3.5 per cent to 7.5 per cent since 2010, according to a report.
The analysis by the Du
Despite the ongoing economic challenges across the globe, the residential sector in Cairo, Egypt, continues to thrive, underpinned by a young population base, said a report.
The composition of Egypt’s population continues to
Dubai Sports City is set to open its newly completed Canal Promenade Retail to the public on April 1 during an Open Day aimed at showcasing the best of the Canal Residence West project.
The development will hos
Dubai-based Marka, a premier retail operator targeting the mid-to-high-range and luxury segments has announced plans to launch three major brands at the Mall of Qatar in the third quarter of 2016.
Marka, the first public joint sto