Saturday 28 March 2015

Wearables market to hit $130bn

The $4 billion wearables market could increase from 20 million devices last year between 200 and 500 million devices by 2020, to reach $130 billion, according to a report. Several industry forecasts have pointed out that more than 1.2 billion smartphones were shipped globally, ac


China’s luxury market shows shift in ties to GCC

China’s luxury market is undergoing a fundamental shift, brought on by evolving customer dynamics, an influx of new, emerging luxury labels, an economic slow-down and ties to the GCC. According to Bain & Company’s 2014 ‘China Luxury Market Study,’ the


Mall of the Emirates showcases top fashion trends

Majid Al Futtaim’s flagship Mall of the Emirates has rounded up top fashion trends for the season with an array of bright and colourful activities. It has teamed up with international department store, Harvey Nichols - Dubai to present the Spring/Summer 2015 looks from reno


Abu Dhabi mall wins key ISO certification

Abu Dhabi-based Dalma Mall said it has become the first shopping and entertainment destination in the emirate to receive the ISO certificate. Dalma Mall won the ISO 9001 certificate for 2015 to 2018 period for its leasing, facility management and maintenance of the shopping centr


Saudi hardware retailer Saco plans share sale

Saudi Company for Tools and Hardware (Saco) plans to sell 30 per cent of the firm in an initial share sale set to launch next month, a statement from the kingdom's market regulator said on Wednesday. Subscription for the initial public offering will open on April 22 and run u


TP-Link extends Saudi reach in deal with Jarir

TP-Link Technologies, a leading provider of networking solutions, has signed a partnership with Saudi Arabia-based retailer Jarir Bookstore, enabling sale of its products in more than 30 stores that the retailer has across the Kingdom. Lucas Jiang, sales manager, GCC Power Retail


Lexmark in $1bn buyout to boost software business

Lexmark International, known for its printers, said it would buy Kofax Limited in an about $1 billion deal that would double the size of its enterprise software business. Kofax shares were up 45.5 per cent at $10.91 in extended trading on Tuesday, just shy of Lexmark's $11 pe


PLEASE opens first Mideast store in Dubai

PLEASE, an Italian contemporary fashion brand, has opened its first Middle Eastern store in Dubai’s Mercato Mall. The brand features a multiplicity of women’s collection for everyday, characterised by a vintage look with dynamic, fashionable and evolving style for chi


Samsung to pre-install Microsoft apps on tablets

Microsoft Corp's Office apps will be pre-installed in some Samsung tablets running Google's Android system, extending an agreement to put some Microsoft apps on the new Samsung Galaxy S6 phone. The move is the latest sign that Microsoft is pushing to get its cloud-enabled


Qatar to join Dufry in bid for World Duty Free

Qatar Investment Authority and Swiss travel retailer Dufry are teaming up to bid for Italian travel retailer World Duty Free (WDF), which belongs to the Benetton family, two sources familiar with the matter told Reuters on Monday. "QIA and Dufry have a joint bid for WDF,&quo

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