Saudi-based retail group Fawaz Abdulaziz Alhokair Company has announced the appointment of Salim Fakhouri as its new CEO. An industry veteran, Fakhouri has over two decades of fashion retail experience across the Middle East and North Africa region.
The clear link between technology leadership and business performance is undeniable as leading consumer goods companies continue to use advanced technology to outperform peers.
The Sharjah Publishing City Free Zone and Amazon UAE have signed a MoU to empower SPC Free Zone members to fast-track their growth journeys through online retail channels and enable them to sell their products to millions of customers on Amazon.ae.
GCC cities can join the world’s elite shopping destinations, significantly contributing to urban GDP and employment, improving residents' quality of life, and enhancing offerings to tourists.
Mezzan Holding, a leading manufacturer of food, beverage, FMCG and pharmaceutical products in the GCC, has announced solid results for the first half, netting a revenue of KD152.2 million ($496 million), while its net profit recorded a 42.2% growth.
Leading Abu Dhabi-based investment and holding company ADQ has entered into a deal with Sotheby’s, the global leader in fine art and secondary market luxury, to acquire a minority interest in the company at a total investment of $1 billion.
Adnoc Distribution reported a 15.0% YoY increase in second-quarter (Q2) 2024 EBITDA to $267 million, and a 12.9% YoY rise in net profit to $170 million.
PepsiCo, in partnership with the burger joint Black Tap, is has introduced The Pepsi Diner, an exclusive pop-up at The Boulevard, Riyadh.
Spinneys, a leading fresh food retailer, has seen its first-half (H1) profit rise 15.2% year-on-year to AED146 million ($40 million) as revenues reached a record high of AED1.6 billion ($440 million), increasing by 9.9% year-on-year.
Sharjah COOP has announced the launch of Mleiha Dairy products across its various branches since the beginning of this month, becoming the first retail chain in the UAE to offer this premium organic product.
