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Lulu Retail Q3 net soars 126pc; 9M net surges 73.3pcLulu Retail, the largest and fastest growing pan GCC full line retailer, has seen its net profit from continuing operations soar 126% to $35.1 million driven by improved operating profit and better cost management. For the nine-month (9M) period, net profit from continuing operations improved More… |
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SAP and Chalhoub Group sign strategic partnership dealSAP and Chalhoub Group, a leading luxury retailer in the Middle East, have signed a deal to adopt RISE with SAP, hosted on Microsoft Azure, as part of a broad digital transformation initiative named Transform Chalhoub. This move marks a key milestone in More… |
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Mashreq, Landmark launch Qatar’s first PSL finance tie-upMashreq has signed Sustainability-Linked Facilities (SLF) in Qatar with Landmark Retail, the leading value conglomerate in the retail sector in the Middle East. This marks the first time a private sector company has signed a bilateral sustainability-linked loan in Qatar. More… |
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Careem in tie-up to launch new luxury chocolate barCareem has teamed up with Dubai Bling star and Forever Rose founder, Ebraheem El Samadi, to launch his line of luxury chocolate bars exclusively on Careem Groceries starting November 21, 2024. Made from pure Belgian chocolate and free of palm or vegetabl More… |
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Kuwait inflation slows in October: Emirates NBD ResearchHeadline CPI inflation in Kuwait slowed to 2.4% y/y in October, down from 2.8% the previous month, according to Emirates NBD Research. This marked the slowest pace of annual price growth since September 2020. Food price pressures have been more salient i More… |
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Apparel partners with Savoye for advanced automationApparel Group, a Dubai-based leading retail and lifestyle conglomerate, has partnered with Savoye, a premier integrator of automated warehouse solutions, to fully automate its largest regional distribution centre in Dubai. Spanning 16,000 square metres, More… |
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UAE set to become a major gold trade hub in coming years, says DMCCDMCC, the leading international business district that drives the flow of global trade through Dubai, today (November 18) released a special edition of its Future of Trade thought leadership report focused on the precious metals industry and the key trends shaping the global market for precio More… |
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DSF unveils biggest edition, indoor drone show new highlightDubai is pulling out all the stops this year with the city’s biggest-ever celebration for the historic 30th anniversary edition of the iconic Dubai Shopping Festival (DSF), organised by Dubai Festivals and Retail Establishment (DFRE) from December 6, 2024 to January 12, 2025. More… |
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Oman-India JV to develop, manage sultanate's mallsEtlala Jouri Muscat Modern Company (ScottOMAN), a leading Omani real estate transactions, property, and facility management company, has inked a strategic partnership with Beyond Squarefeet, an Indian mall advisory and management group, to set up a new venture - Mall-IQ - in the sultanate.&nb More… |
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Retail Congress Mena 2024 ignites new era in RiyadhThe Middle East Council of Shopping Centres & Retailers (MECS+R) hosted its first-ever Retail Congress Mena in Riyadh, from November 4 to 5, making a resounding impact on the Mena retail landscape. Bringing together industry giants, thought leaders, More… |
