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...
This Downtown restaurant serves the healthiest food you can ingest into your body. If you want to get a real feel of the food culture of Taiwan and enjoy a slice of Taiwanese warmth and hospitality, check Taipei Dao -...
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...
The Middle East mainly Dubai has been known as one of the best retailer markets in the world. Everyone used to talk about the perfumes in Dubai, the handbags etc. well the middle east seems to be keeping up...
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...
Kraft Foods Inc. recently released a statement in Thursday saying that it was splitting in two. The world?s largest global-food company has decided to divide its snack and grocery businesses. The statement came as a surprise, especially since Irene Rosenfeld,...
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...
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...
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...
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 times of an economic slump, when sales plummet to an appalling low, business owners often tend to get discouraged and despondent. They try to find short-cuts to get themselves back in the running. But business experts say that...
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...
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...
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...
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...
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...
This year Wal-Mart Stores Inc. has been struggling to keep its image as the store that offers the lowest prices. THE STORY It has managed to show profits over the second quarter but its low-income customers worried about job security, rising...
Carrefour is contemplating whether it should drop its annual earnings forecast as the retail giant's reorganisation in France did not boost sales growth as fast as expected. Up until July 13, Carrefour forecasted a ?progression in sales and current operating...
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...
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...
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 is expecting to double its sales to more than Dh10 billion ($2.72 bn) by 2018, compared to last year's 15 percent rise. Colm McLoughlin, Executive Vice President of Dubai Duty Free, has said this year's sales...
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...
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...
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,...
Dubai Duty Free retained its position as the largest single airport retail operation in the world in terms of turnover, which in 2010 was Dhs4.66 billion (US$1.27 billion). Dubai Duty Free has recorded a 16.6 per cent increase in sales...
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....
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,...
According to a study conducted by AT Kearney, UAE tops with highest sales in clothing per capita in the world. Kearney?s Retail Apparel Index showed that the UAE had the highest clothing sales per capita at $785 in year 2010....
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...