Sunday 3 December 2023

RACE summit probes climate finance options

Climate finance was top of the agenda at the second edition of R.A.C.E. Sustainability Summit held on the opening day of COP28 in the UAE.   The conference aimed to identify strategies to bridge the $11 trillion capital gap between what is required f


Apparel Group seals ESG-linked finance deal with UAE banks

Apparel Group, a leading fashion and retail conglomerate with a robust global presence, has announced the signing of Environmental, Social, and Governance (ESG)-linked term facilities with two of the country's leading banking groups - Emirates Islamic and Emirates NBD.


Diflex to be region’s largest footwear, leather products show

The region’s largest footwear and leather products show, Diflex 2023, will debut from December 11 to 13 amid growing demand for footwear and leather goods in the Middle East and Africa, which is estimated to hit $20 billion by next year.   In a statement,


Vibrant Textile Expo 2023 opens at Expo Centre Sharjah

Showcasing the products of over 60 exhibitors, the Vibrant Textile Expo 2023 was officially launched today at Expo Centre Sharjah (ECS).    Among the exhibitors are major Indian brands operating in the manufacture and production of textiles and apparel, num


Spinneys becomes first UAE retailer to transition to rPET

Spinneys, one of the UAE’s leading fresh food retailers, has announced a partnership with packaging manufacturer Al Bayader International, to introduce recycled plastic packaging (rPET) across its stores.   With the help of regional partners, Al Bayader co


UAE 'can raise $40bn for climate investment'

Some $40 billion of retail investor capital can be mobilised towards climate investments in the UAE by 2030, says Standard Chartered’s latest Sustainable Banking Report.   The research – based on investor interest from a survey of 1,800 respondents i


SCCI's Emirate-wide retail festival to begin December 15

The Sharjah Chamber of Commerce and Industry (SCCI) has officially announced the launch of Sharjah Shopping Promotions 2023, a stand-out promotional and entertainment event and one of the most prominent festivals on Sharjah’s annual retail calendar. The festivities are set to com


SEVEN plans to set up $346m leisure destination in Aseer

Saudi Entertainment Ventures (SEVEN), a subsidiary of the kingdom's sovereign wealth fund PIF (Public Investment Fund) has announced plans to set up its fifth entertainment destination, its largest in the Aseer region at an investment of over SAR1.3 billion ($346 million). &n


Majid Al Futtaim and IWG to add multiple workspaces in MEA

Majid Al Futtaim, the shopping mall, communities, retail and leisure pioneer, is opening five state-of-the-art Regus and Spaces locations across Oman, Egypt and the UAE, in tie-up with IWG, a leading hybrid work solutions provider.   The announcement of these ne


Dubai-Stuttgart flights resume; to link luxury shopping destination

Direct flights between Dubai and Stuttgart have been reintroduced after seven years, with new and exclusive VIP shopping packages and VIP pass for GCC customers. The two weekly flights offer passengers a shuttle service that links the airport to Outletcity Metzingen, Europe’s largest luxu

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