Majid Al Futtaim, a leading shopping malls, communities, retail, and leisure pioneer across the region, has announced a consolidated revenue increase of 1% to AED34.5 billion ($9.39 billion) in 2023, while EBITDA increased by 12% to AED4.6 billion.
Vision Rx Lab has launched its latest revolutionary Nova AI progressive lenses, powered by cutting-edge optical technology and advanced AI under its flagship Nova eyewear.
Total spending using international cards in the UAE witnessed a growth of over 25% during the year 2023, with more users and companies opting for them due to the convenience and security they offer compared to cash payments.
In celebration of Ramadan, The Avenues – Bahrain's Dome Area, located at The Harbour Gate Entrance 1, will transform into a bustling Ramadan Bazaar from March 11 until April 7.
Ahmed Perfume, a leading UAE-based manufacturer of oriental and western perfumes, has announced plans to add a number of retail stores to its strong network of 150 stores across the UAE, Saudi Arabia and GCC region.
Metro Brazil, the leading retail and eCommerce company for Brazilian shapewear in the Middle East, has expanded its operations to Saudi Arabia aiming to enhance the growing retail sector.
First Milling Company, a market-leading Saudi milling firm, has seen its FY 2023 net profit rise 1.25% to SR220.2 million and register net profit margin of 22.8% in FY 2023 and 23.3% in Q4 2023, driven by strong growth in flour sales.
Bahrain-based GFH Financial Group said it had played a key role in the successful issuance of a $500 million sukuk by leading Saudi mall developer Arabian Centers Company as one of the joint lead managers and bookrunners for the transaction.
Haji Gallery, a leading distributor of global sanitaryware brands such as Hansgrohe and Duravit in the Kingdom of Bahrain, has signed an agreement with Gulf University, College of Engineering for the launch of its unique university support programmes.
Around two million, or 20% of the UAE population have shifted to online shopping during the last few years – raising the online shopping population from 4.5 million in 2019 to 6.5 million in 2023.
