The Sharjah Investment and Development Authority (Shurooq) has signed an agreement with Afhad Holding to activate a 15,095-sq-m plot in Kshisha into a new retail destination, marking a key step in expanding commercial infrastructure across emirate's growing residential districts.
Havelock One, a leading interior fit-out contractor in the region, has announced that it has been signed up as the front-of-house fit-out contractor for The Avenues - Khobar, an ambitious mixed-use development coming up on a 820,000 sq m area in the Eastern Province of Saudi Arabia.
The Savola Group, a leading strategic investment holding group in the regional food and retail industry, has reported a 50.4% growth in its net profit for the first quarter, while its revenue hit SAR7.3 billion ($1.94 billion), helped by stronger performance in its food processing business and improved margins.
Alef Group, a premier real estate developer in Sharjah, has announced significant progress in the delivery of buildings within its flagship project, Al Mamsha, alongside the opening of a number of new retail outlets during April. These additions reflect a carefully curated tenant mix designed to deliver distinctive, high-quality experiences.
Bahrain's Fuel Pricing and Monitoring Committee has announced fuel prices for the local market for May, in line with the approved pricing mechanism and reflecting global market changes.
Adnoc Distribution has announced that it has sealed a strategic partnership with Americana Restaurants to expand dining and convenience offerings at its service stations in the UAE, Saudi Arabia and Egypt. Under this deal, it will set up 200 Americana quick service restaurants across its network.
Emaar Properties said it is in the process of exiting the JV structure relating to The Eighth Gate, its key mixed-use development in Damascus, thus marking a decisive new chapter in its long-standing relationship with Syria. With this move, the Dubai master developer will be operating in the country without any partner.
Choithrams, a leading UAE-based retail and distribution company, has announced that it has joined hands with Parkonic, a digitally managed parking operating system, to introduce a streamlined, ticketless parking experience across selected store locations in the UAE.
E-commerce business in the UAE jumped by 20 per cent since February this year, as most consumers maintained work from home and study from home to ensure public safety, according to a report.
Speedex Tools has officially opened its newest retail destination in Musaffah, Abu Dhabi, marking another milestone in the company’s continued UAE expansion. Spanning over 10,000 sq ft, the branch offers 20,000+ products across 12 categories including power, welding tools and workshop equipment.
