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Saudi beauty brand Nice One announces IPO plansSaudi-based Nice One Beauty Digital Marketing Company has announced its decision to proceed with an initial public offering (IPO) and the listing of its ordinary shares on the main Saudi Exchange (Tadawul). It will be done through the sale of a combination of existing and newly issued shares. More… |
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AliExpress Super Friday brings unmissable deals to KSAAliExpress, an international online retail marketplace, has unveiled its Super Friday promotion in the KSA. With a successful 11.11 shopping bonanza already under its belt, AliExpress saw Saudi consumers’ enthusiasm for shopping. Home entertainment More… |
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Middle East retailers increasingly vigilant of email fraud risksTop Middle East retailers are steadily improving their email security measures, better protecting customers from the potential risk of email fraud. This is according to leading cybersecurity and compliance company Proofpoint, which has released res More… |
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Ferragamo opens renovated boutique at Dubai MallFerragamo, an Italian luxury fashion house, has announced the opening of the newly renovated women’s and men’s boutique at Dubai Mall. Luxurious ease marks the renovated interiors concept at the boutique showcasing women’s and men’s rea More… |
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Lulu Retail Q3 net soars 126pc; 9M net surges 73.3pcLulu Retail, the largest and fastest growing pan GCC full line retailer, has seen its net profit from continuing operations soar 126% to $35.1 million driven by improved operating profit and better cost management. For the nine-month (9M) period, net profit from continuing operations improved More… |
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SAP and Chalhoub Group sign strategic partnership dealSAP and Chalhoub Group, a leading luxury retailer in the Middle East, have signed a deal to adopt RISE with SAP, hosted on Microsoft Azure, as part of a broad digital transformation initiative named Transform Chalhoub. This move marks a key milestone in More… |
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Mashreq, Landmark launch Qatar’s first PSL finance tie-upMashreq has signed Sustainability-Linked Facilities (SLF) in Qatar with Landmark Retail, the leading value conglomerate in the retail sector in the Middle East. This marks the first time a private sector company has signed a bilateral sustainability-linked loan in Qatar. More… |
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Careem in tie-up to launch new luxury chocolate barCareem has teamed up with Dubai Bling star and Forever Rose founder, Ebraheem El Samadi, to launch his line of luxury chocolate bars exclusively on Careem Groceries starting November 21, 2024. Made from pure Belgian chocolate and free of palm or vegetabl More… |
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Kuwait inflation slows in October: Emirates NBD ResearchHeadline CPI inflation in Kuwait slowed to 2.4% y/y in October, down from 2.8% the previous month, according to Emirates NBD Research. This marked the slowest pace of annual price growth since September 2020. Food price pressures have been more salient i More… |
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Apparel partners with Savoye for advanced automationApparel Group, a Dubai-based leading retail and lifestyle conglomerate, has partnered with Savoye, a premier integrator of automated warehouse solutions, to fully automate its largest regional distribution centre in Dubai. Spanning 16,000 square metres, More… |
