Monday 17 May 2021

Sharjah Ramadan Festival records over $190m in sales

The 31st Sharjah Ramadan Festival, organised by the Sharjah Chamber of Commerce and Industry (SCCI), attracted over 2,000 shopping malls and retail stores and concluded recently after reaching more than AED700 million ($190.5 million) in sales. The final raffle draw was held on S


BFL Group launches its biggest store in Abu Dhabi

BFL Group has announced the launch of a new major store in Mushrif Mall in Abu Dhabi to house Brands For Less and Muy Mucho.    The new store is one of BFL Group’s biggest stores, spread over an area of 1,400 sqm and comes as part of the group’s


Ramadan Nights draws over 50,000 visitors in Sharjah

The Ramadan Nights 2021, which recently concluded in Sharjah, UAE, has attracted more than 50,000 visitors and more than 300 exhibitors, who displayed over 1,000 brands with exclusive discounts on a wide range of products. Organised by the Expo Centre Sharjah with the support of


UAE consumer appetite for digital payments takes off

Research from Mastercard shows that the adoption of new payment technologies is rising, and consumer appetite for new, fast and flexible digital experiences continues to grow.   The Mastercard New Payments Index shows 97% of UAE consumers will consider using at


Sony logs record highs in sales, operating income

Sony Corporation said its consolidated sales income grew 9 per cent in the financial year 2020while the operating income grew 15 per cent year-on-year against the same period last year, both touching record highs. The company has attributed the robust growth to the Game & Net


Carrefour lands a new store at Dubai International (DXB)

With travel restrictions easing across the world, Carrefour – owned and operated by Majid Al Futtaim in the UAE – has opened a new store at the world’s busiest international airport, DXB, to make shopping more convenient than ever. Located in the arrivals area of DXB’s


Online sales surge to 19% of total retail in 2020

The dramatic rise in e-commerce amid movement restrictions induced by Covid-19 increased online retail sales’ share of total retail sales from 16% to 19% in 2020, according to estimates in a recent UNCTAD report. According to the report, online retail sales grew markedly in


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