Friday 27 May 2016
 
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ME cities among top 15 global retail hotspots

One-third of the top 15 global retail cities are located in the Middle East region, according to JLL’s destination retail report, which looks at the leading cities worldwide for retailing. JLL’s recent report shows 50

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TCL seals Egypt retail partnership agreement

TCL Multimedia Technology Holdings said it has signed an MoU with its strategic partner Elaraby Group, the largest home appliance enterprise, to launch its products in Egypt. As a leading enterprise in the global TV industry, TCL

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Marka Q1 sales top $20m

Marka, a major retail company in the UAE, reported total revenue of Dh75.73 million ($20.6 million), for the first quarter of the year. Total losses reported for the period were Dh18.13 million; however the net operating loss for

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Landmark Group adopts Facebook at Work

Landmark Group, the Middle East-based retail and hospitality conglomerate, has become the first company in the region to launch Facebook at Work to connect 10,000 employees across 11 countries. The move aims to encourage collaboration a

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Retail and consumer sector deals less pricey in 2016

Mergers and acquisitions in the global consumer and retail sectors in 2016 are likely to be characterised by lower valuations for small firms and reasonable values for riskier assets, after a string of mega deals in 2015, a report shows.

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Abu Dhabi, Dubai offer big scope for retail developments

Abu Dhabi and Dubai, UAE have together ranked among the top 17 of the most active cities for shopping centre development, according to CBRE’s latest Global Shopping Centre Development report. The cities currently have a tota

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Saudi firms cope with austerity; more pain may lie ahead

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. The worl

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Al Meera posts 14.6 jump in Q1 profits

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.

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Top speakers for Cards & Payments Middle East

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

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Dubai to host World Retail Congress for second year

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

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