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Majid Al Futtaim revenues jump 8pc to $8.77bnMajid Al Futtaim, a leading shopping mall, communities, retail and leisure pioneer, today reported a group revenue increase of 8 per cent to Dh32.2 billion ($8.77 billion) during 2017, while EBITDA increased by 1 per cent to Dh4.2 billion.&nbs More… |
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Majid Al Futtaim takes over Geant's Mideast outletsMajid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has announced the acquisition of Retail Arabia, the franchise owner of 26 Geant stores across the UAE, Bahrain and Ku More… |
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Majid Al Futtaim takes over Geant's Mideast outletsMajid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has announced the acquisition of Retail Arabia, the franchise owner of 26 Geant stores across the UAE, Bahrain and Ku More… |
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Lulu to open seven more hypermarkets in OmanMiddle East's retail major Lulu Group has announced plans to open seven more hypermarkets in Oman in the next two years. The announcement was made by Yusuffali MA, chairman of Lulu, following the opening a new hypermarket in S More… |
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Investcorp buys stake in Saudi Arabia's BindawoodInvestcorp, a global provider and manager of alternative investment products, has acquired a minority stake in Bindawood Holding, one of Saudi Arabia’s leading supermarket and hypermarket groups. Since its inception over 50 More… |
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Investcorp buys stake in Saudi Arabia's BindawoodInvestcorp, a global provider and manager of alternative investment products, has acquired a minority stake in Bindawood Holding, one of Saudi Arabia’s leading supermarket and hypermarket groups. Since its inception over 50 More… |
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LuLu enters SE Asia with $500m expansion planUAE-based LuLu Group, one of the fastest growing retail chains in the world, has set its eyes on Southeast Asia, with plans to open hypermarkets in Malaysia and Indonesia as part of a $500 million expansion strategy in Asia, a report said. More… |
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Al Meera to open Geant hypermarkets in Oman, QatarFrench retailer Group Casino, together with Retail Arabia, has joined hands with Al Meera to develop and operate hypermarkets and supermarkets under the Géant, Géant easy brands in Qatar and Oman. The partnership will strengthen the Géant More… |
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EMKE chief makes it to Gulf elite listEMKE Group, which owns LuLu supermarkets across the region and in Bahrain, has seen its managing director Yusuffali MA named the 10th most influential expatriate in the Gulf. He made this year's top 10th place in the Arabian Business E More… |
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Fujitsu solutions power 86 Lulu ME retail outletsEMKE group, which operates the popular Lulu chain of Hypermarkets, supermarkets and department stores, has selected a Fujitsu solution to run its point-of-sale POS systems across 86 stores in the Middle East. The applications driving the F More… |
