A new global survey, covering shopping trends all over the world, reveals the MENA region is home to some of the most impulsive and brand-conscious shoppers in the world. The latest edition of the Nielsen Global Survey of Consumer Shopping...
United Nations Environment Programme (UNEP), in its shocking report titled ‘Avoiding Future Famines,’ revealed one-third of food produced globally is wasted and fails to reach the consumers' plate. The amount of wastage exceeds 1.3 billion tonnes every year, the...
Carrefour, the French global retailer, is aiming to achieve rapid expansion in the UAE to fuel its future growth. Sales revenues of the world's second largest retailer have come under tremendous pressure in its home market. In Europe, weak economic...
Line Investments & Property LLC managed malls to offer incredible deals across Abu Dhabi and Al Ain Shopping fiesta and ‘Mall Millionaire’ promotion awaits residents for summer Retail Abu Dhabi (RAD) sales
Retailers in Ras Al Khaimah (RAK) are hoping for a period of sustained growth, thanks to an increase in the number of tourists, more foreign direct investment and a growing economy, a report published by a British publication said. The...
Europe’s largest retailer, Carrefour, agrees to sell it's 25 percent stake in a joint Middle East venture with Majid Al Futtaim (MAF). MAF reports the deal is worth an estimated USD 683 million, saying in a press release; "Majid Al Futtaim...
Dubai Duty Free’s has announced that its year-end sales figures hit a record Dhs5.9 billion (US$1.6 billion), representing a 10% increase over  2011. The announcement came on the same day Dubai International airport announced the first Emirates inaugural A380 flight...
Gulf nations, particularly Saudi Arabia and the UAE, are home to the world’s highest consumption rates of cosmetics, according to a study conducted by Epoc Messe Frankfurt and published by the London-based newspaper Asharq al-Awsat. Saudi Arabia ranks first among Gulf...
With annual sales now exceeding AED 30 billion (US$8.2 billion), the market of luxury goods continued to witness impressive growth in Middle East. According to a new study, the luxury goods market recorded a growth of 10 to 15...
A study released by a global management consultancy firm said four Gulf countries feature among top global emerging markets for retail expansion. The Global Retail Development Index (GRDI) ranks 30 countries on market attractiveness, market saturation, country risk and time pressure...
  As businesses are grappling with the negative impact of Covid-19 severely disrupting their sustenance, Krishan Kumar Chutani, CEO of Dabur International provides insights on current challenges in FMCG sector, impact on FMCG marketing mix and macro-economic impact caused by...
Facebook e-commerce is becoming the new trend over social media, as more and more consumers are looking forward to have social shopping and also companies are jumping over this F-commerce market. Some e-commerce start ups, backed by some tech financiers,...
As far as economic prosperity is concerned, one doesn't have to look towards the otherwise conventional Western countries nor towards the Far East, in China. It’s in the Middle East that the treasure trove of economic prosperity lies with...
The Arab Spring did not only have long-lasting political repercussions for Middle East and North Africa, but it has also altered the region’s retail landscape and shaped the future for businesses and consumers. A new report by the Euromonitor International,...
A new report by leading global property adviser CBRE shows that Dubai has retained its position as the 2nd most important retail destination in the world. Findings of the 2013 edition of How Global is the Business of Retail? were...
More than 276 hotels and hotel apartments are located within 2km of one of five mega shopping malls in Dubai, a Market research conducted by Reed Travel Exhibitions the organiser of Arabian Travel Market 2013 (ATM) which takes place...
GCC’s retail sales are expected to grow at a CAGR of 7.7% to reach US$ 270.3 billion by the end of 2016. According to the latest report on GCC retail industry published by Alpen Capital, GCC's retailers have benefited from...
  Priyanka Mittal, Director of India Gate highlights some of the major trends in today’s F&B sector that industry brands need to take note of and adapt effectively Consumer tastes and preferences, have for long been the driving force for the food...
As Qatar steps up its preparation for the 2022 FIFA World Cup, small firms are likely to miss out on their share of the pie and not benefit from the billions of dollars dedicated for new infrastructure projects. Qatar plans...
Double A paper is manufactured by Double A (1991) Public Company Limited, one of the most advanced fully-integrated pulp and paper manufacturers in the world. Double A paper is produced from fast growing farmed trees grown by contract farmers...
Summit Partners, a US-based growth equity firm, has decided to invest in Dubai-based e-commerce site Namshi.com. The total value of investment remains undisclosed and follows a recent investment of USD 20 million by JP Morgan Asset Management and Blakeney Management....
Harrods, the world-famous London department store, recorded an 11% sales increase to £651.7m ($1bn) in the year to 28 January, with pre-tax profit rising 15% to £125.3m ($196.6m). Qatar Holding, owners of Harrods, bought the retailer from Mohamed Al Fayed for...
MasterCard announced it is restructuring its Middle East and Africa business. The announcement comes at a time when the global credit firm is trying to cash in on steady population growth, continuous economic development and a huge chunk of young consumers...
In a fresh development, the central bank of United Arab Emirates has agreed to conditionally remove a UAE loan transfer ban on personal loan transfers between the various UAE banks. The central bank imposed a three month ban on the...
A report by global payment solutions provider VISA Inc. says the MENA region (Middle East and North Africa) recorded the fastest e-commerce growth in the world. The data was compiled by the UK body for e-retail, the Interactive Media in...
Abu Dhabi Airports Company (ADAC), the operator of Abu Dhabi's five airports, revealed that Abu Dhabi Duty Free retail revenue reached Dhs809.5m in 2012, an increase of 24% over 2011, setting a new record for the company. The announcement was...
The trade exchange between Dubai and Peru registered a doubled growth rate in 2010 exceeding Dh 62 million from Dh 29 million in 2009. GROWING TRADE Ahmed Butti, Executive Chairman of Ports, Customs and Free Zone Corporation, said: ?Imports had the...
It was a perfect Thanksgiving gift to the global retailers by India. On Friday, India announced that it will open up its US$451 bn retail sector to foreign companies. Global multi-brand companies like Carrefour, Tesco, Wal-mart and others have got...
Sources inside Indian government insist plans to open up the retail industry have been put on hold, days after giving a formal nod to global retail giants. Opposition parties and senior figures within the government openly criticised the move...
GCC countries continue to attract high investment in the retail sector and perform strongly compared to other emerging markets. The 13th edition of AT Kearney’s Global Retail Development Index (GRDI) highlights that four GCC countries have retained their position in...