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Saudi groups Alhokair, ACC to buy 51pc stake in VogaclosetFawaz Abdulaziz Alhokair Company, a leading franchise retailer in Saudi Arabia, said it has partnered with Arabian Centres Company (ACC), the leading owner, developer and operator of lifestyle shopping centres in Saudi Arabia, to acquire a combined 51% stake in Vogacloset, a UK-based online f More… |
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Wego launches online shopping cashback appWego, a leading online travel marketplace across the Mena region, has launched ShopCash, an online shopping cashback and deal discovery app for Middle East consumers. ShopCash is available today for download from the iOS App Store, Google Play Store and at shopcash.com More… |
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E-Tailing to dominate Middle East's retail industryOnline sale in the Middle East and North Africa (Mena) region is now expected to exceed $50 billion by the end of 2022, up from the previously estimated figure of $26 billion, due to Covid-19. This was disclosed by DeVere Forster, Chief Operating Officer, Dubai CommerCity on Images Reta More… |
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Majid Al Futtaim's 2020 revenue down 7pc as Covid crisis bitesMajid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa, and Central Asia, today (February 24) reported a revenue of AED32.6 billion ($8.87 billion) and ebitda of AED3.8 billion, representing declines of 7% and 19%, respectively, dri More… |
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Majid Al Futtaim taps IBM Food TrustMajid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia – owner and operator of the Carrefour franchise in these regions – and IBM have announced that Majid Al Futtaim has joined IBM Food Trust. It is a blockchai More… |
