Al Hassan Ghazi Ibrahim Shaker Co has posted a first-quarter (Q1) net profit of SR32.25 million ($8.6 million), up 12.09% YoY, driven by strong revenue growth, enhanced operational performance, and lower finance costs.
The Avenues-Bahrain, a major seafront retail and leisure destination in Bahrain, has signed an agreement with LuLu Hypermarket for its launch within its Phase 2 project. Set for Q4 completion, the expansion will extend the complex by 600 m.
Saudi Arabia's E-commerce market is poised for solid growth and with the number of internet users likely to hit 33.6 million later this year, its revenue is expected to surge to $25 billion by 2029, registering a CAGR of 11.8%, according to an expert.
Some 98% of Saudi consumers have changed how they shop for FMCG, with 24% preferring to buy whatever brand is on promotion, according to NielsenIQ, a world-leading consumer intelligence company.
Samsung Gulf Electronics unveiled its 2024 TV and soundbar lineup at the Unbox & Discover event in Dubai, showcasing the latest Neo QLED 8K and 4K, OLED TVs that marks a significant leap in AI TV technology in addition to a range of soundbars.
Spinneys, a high-end supermarket chain with a major presence in Oman and UAE, has made its trading debut at Dubai Financial Market (DFM) in style with its shares rising as much as 10% on the opening day.
PPDS, the exclusive global provider of Philips Professional Displays, has announced the official launch of its full Philips LED portfolio in the Middle East and Africa (MEA), delivering new, highly sustainable and unlimited options.
Americana Restaurants International, the largest out-of-home dining and quick service restaurant operator in the region, has posted a first quarter revenue fall of 16.3% to $493.5 million leading to a drop in net profit at $28 million.
Brands For Less (BFL) Group, the region’s leading off-price retailer in the region, has hit a major milestone with more than 120 operational stores across the GCC and Europe.
Wellbeings, the epitome of luxury wellness experiences, has opened its latest outlet – a captivating new space nestled within the Marriott Marquis Jewel of The Creek.
