AI could soon choose what we buy; sustainability has shifted from nice-to-have to non-negotiable; and second-hand shopping is rapidly becoming mainstream, according to new DHL eCommerce research.
Dubai Summer Surprises (DSS), the emirate's annual summer retail and entertainment festival, kicks off on July 2 offering 60 action-packed days of shopping promotions, dining events, concerts and family-focused attractions, thus providing unforgettable experiences for both residents and visitors alike.
Mattel, an American multinational toy manufacturing and entertainment company, has appointed Tarek Moussawer as its new Commercial Lead for Middle East region. An industry veteran, he brings over 20 years of experience across retail, finance, brand building and commercial strategy to the new role.
The Middle East retail real estate industry leaders are set to rethink the operating models as the forces reshaping the retail sector are converging faster than most operators recognise, said an industry expert, addding traditional space-centric models are no longer sufficient for what lies ahead.
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.
