Tuesday 27 September 2016
 
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Abraaj Group acquires stake in Mexican fashion footwear firm

The Abraaj Group, a leading investor operating in global growth markets, today announced the acquisition, through its Funds, of a significant minority stake in Capa de Ozono (CDO), a leading fashion footwear designer, distributor and retailer in Mexico. Capa de Ozono was establis

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MEPS launches wireless system for POS devices

Middle East Payment Services (MEPS), a leading payment services provider, has launched the Apex Electronic Cash Register (Apex-ECR) wireless integration system for its POS devices at various stores and retailers across Jordan.  This step was taken in line with its ongoing ef

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Mall of Qatar to create 8,000 new jobs

Mall of Qatar,  top shopping, entertainment and dining destination worth QR5.4 billion ($1.48 billion), will generate about 8,000 new jobs nationwide, said experts ahead of the soft opening of the mega facility. Mall of Qatar is opening its doors to the public in the last qu

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Tecno Mobile debuts in Mideast with 2 new Smartphones

Tecno Mobile, a leading Chinese manufacturer of high-end smartphones and feature phones, has entered the Middle East market with the launch of two new phones. The company is introducing to the market the newest variants of its flagship phone series, Android operated Phantom 6 and

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Luxury Closet raises $7.8m financing

Theluxurycloset.com, a major online marketplace that deals in personal luxury goods, mostly pre-owned and at a discounted price, has closed a $7.8 million Series B round of funding. The financing was led by Wamda Capital, a venture capital firm investing in technology-enabled com

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Home Centre to open new store in Dubai

Home Centre, the largest home retailer in the Middle East, is all set to launch its new store in the Al-Karama area of Dubai, UAE on September 27. Located in the Montana Building near Karama post office, the store spreads across 70,000 sq ft spanning three floors.

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Viva Bahrain launches plans for iPhone 7s

Viva Bahrain, a top telecom operator, has announced it will offer iPhone 7 and iPhone 7 Plus, according to a report in the Gulf Daily News, our sister publication. To read further, please visit

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Snapchat to offer camera-equipped sunglasses

Snap Inc, the newly renamed parent company of messaging app Snapchat, plans to start selling camera-equipped sunglasses starting this fall, chief executive Evan Spiegel told the Wall Street Journal in an interview. The sunglasses, dubbed Spectacles, will be sold via limited distr

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Mobily launches iPhone 7 Plus in Saudi Arabia

Leading Saudi-based telecom services operator Mobily said it has launched the iPhone 7 and iPhone 7 Plus at all its retail shops across the kingdom. The most advanced iPhone ever, iPhone 7 Plus features an all-new advanced camera system, dust and water resistant design, stereo sp

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Cruz named Damas brand ambassador

Damas, a leading jewellery retailer in the GCC region, has roped in A-list Hollywood celebrity Penélope Cruz as the brand ambassador for its newly-launched luxury jewellery brand - Sama. A spectacular gala event was held at the Armani Hotel, Burj Khalifa recently to launch

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