Saturday 4 December 2021
 
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CARS24 raises $20.42m debt funding from CBD

CARS24, one of the most valuable privately held pre-owned car startups globally, has raised AED75 million ($20.42 million) in local debt funding from Commercial Bank of Dubai (CBD), a leading bank in the UAE.    This debt facility further strengthens CARS24

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Subway to nearly double footprint in Saudi Arabia

Under an ambitious growth plan, Subway will nearly double its footprint of 210 restaurants in Saudi Arabia over the next six years by adding a minimum of 145 new locations.   For this Subway, the world’s largest restaurant brand, and Fawaz Abdulaziz Alhoka

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Pan Emirates Home Furnishings opens new store in Abu Dhabi

Pan Emirates Home Furnishings, a leading indoor, patio, and outdoor furniture brand in the region, has announced the opening of its new store in Dalma Mall, Abu Dhabi.    The store is spread across 2000 sq m and is part of Pan Emirates’ expansion stra

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Global smartphone sales drop 6.8% in Q3: Gartner

Global smartphone sales to end-users declined 6.8% in the third quarter of 2021, compared to the same time period in 2020, said leading research and advisory firm Gartner in a new report. Component shortages disrupted production schedules, leading to lower inventory and delayed p

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GMG's sports vertical enters Iraq market

GMG, a global well-being company retailing, distributing and manufacturing a portfolio of leading international and home-grown brands across sport, food and health sectors, has confirmed the entry of its GMG Sports vertical into Iraq.    Sun & Sand Spor

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Omnichannel set to strengthen the UAE retail sector

UAE residents prefer to purchase clothes, bags and accessories in-store, with convenience (51%), an enhanced shopping experience (49%) and competitive pricing (44%) being the main motivators, a survey reveals.   As Covid-19 cases continue to decline in the count

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Store Makers sets up retail interior powerhouse for Middle East

  The Store Makers in the Middle East is set to bring three strong brands under one roof starting from January 1. The new entity, which unites JWP Technical Services, HDD Interiors and umdasch, aims to be a powerhouse for retail interiors in the region with its substantial m

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Lulu Group, Centrepoint & Enoc among RetailME award winners

As many as 28 retailers, including Lulu International Group, Apparel Group, Centrepoint, Enoc, Splash and Jashanmal have won the prestigious RetailME Awards 2021.    Held alongside the 10th Middle East Retail Forum in Dubai on Wednesday some of the other aw

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LG launches new UltraGear gaming monitor in Gulf

LG Electronics (LG) has launched its latest LG UltraGear monitor (model 27GP850-B) in the Gulf region, ushering in a new era of competitive gaming, with its focus on ergonomics, sleek design and customised sensory experience. LG UltraGear gaming monitors are designed to give game

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Avoiding the shopping blues: How to shop online safely

With the holiday shopping bonanza right around the corner, here's how to make sure your online spending spree is hacker-free   Black Friday is almost upon us and Cyber Monday is just around the corner, which means that most of us will be on the hunt for the

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