Saturday 18 May 2013
 
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Saudi retailer Alhokair net up 39pc

Saudi fashion retail giant Fawaz Abdulaziz Alhokair Company has registered a SR619.69 million ($165 million) net profit for the first quarter, up 38.5 per cent compared to SR447.38 million last year. Alhokair, which specialises in cloth

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Ithmaar swings to $1.4m Q1 profit

Bahrain-based Ithmaar Bank said it has returned to the black with a net profit of BD540,000 ($1.4 million) for the first quarter compared to a loss of BD170,000 in the same period last year. The Islamic lender pointed out that its

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Saudi group picks LS2 retail solution

Saudi luxury and fashion group Al Moallim Company said it has picked up LS2 Consulting as its partner in implementing an ERP and retail management solution based on Microsoft Dynamics NAV. Al Moallim is a leading distributor of se

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Saudi group picks LS2 retail solution

Saudi luxury and fashion group Al Moallim Company said it has picked up LS2 Consulting as its partner in implementing an ERP and retail management solution based on Microsoft Dynamics NAV. Al Moallim is a leading distributor of se

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Visa partners with Waitrose, Spinneys

  Visa, a leading payment solution provider, has partnered with top grocery retailer Waitrose to offer UAE shoppers an even faster payment experience when using their Visa cards to pay for transacti

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Abu Dhabi grocery revamp project on track

  More than 70 per cent of the groceries in the UAE caapital and its suburbs have joined the Baqala project initiated by the Abu Dhabi Food Control Authority (ADFCA) to reform the grocery sector thr

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BMI net profit surges 125pc

Bahrain-based BMI Bank has reported a net profit of $900,000 for the first quarter of this year, an increase of 125 per cent as compared to a net profit of $400,000 over the corresponding period in 2012. This was mainly due to imp

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Axiom launches BlackBerry Q10 in UAE

Axiom Telecom, a multi-brand distributor and retailer of mobile telecom devices, today launched the new BlackBerry Q10 smartphone powered by BlackBerry 10 in the UAE. “The time has come for the UAE’s legion of BlackBer

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Alshaya inks tenancy deal with Doha Fest City

Doha Festival City, a giant retail and hospitality complex being built by a consortium including UAE-based Al Futtaim Group, said it has reached a strategic anchor tenancy agreement with top international retail franchise operator MH Alshaya Co

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Nokia expands Windows phone range in Saudi

Nokia has expanded its Windows Phone 8 portfolio with the retail launch of Nokia Lumia 520 and Nokia Lumia 720 at all major participating retail outlets in Saudi Arabia. “The retail launch of Nokia Lumia 720 and Nokia Lumia

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