Thursday 27 November 2014
 
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retailer

Souq.com plans Black Friday-style sales event

Dubai-based Souq.com, one of the Middle East's largest e-commerce businesses, aims for high double-digit revenue growth as it introduces Black Friday-type discount events to help lure shoppers from the city's retail malls.

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Jarir Marketing to double stores over five years

Saudi Arabian retailer Jarir Marketing Co plans to invest SR1.1 billion ($293 million) over the next five years to roughly double the number of its stores in Saudi Arabia and the Gulf, its chairman said. The kingdom's largest

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Qatar retailer to open 8 new malls

Al Meera, a leading retail chain in Qatar, said work was on track for the opening of all the eight new malls in the country by the end of this year. The company officials announced this at the launch of its new branch in Legtaifiy

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Al Meera H1 net profit up 95pc

Al Meera, a leading retail chain in Qatar, said its net profit for the first half grew by 95.8 per cent to QR112.8 million  ($30.9 million) compared to QR57.6 million for the same period last year. Dr Mohamed Nasser Al Qahtan

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Saudi retailer Alhokair eyes $560m capital boost

Saudi Arabian retailer Fawaz Abdulaziz Alhokair proposed doubling its capital through a one-for-one bonus issue, the firm said on Wednesday. Alhokair, which franchises brands such as Zara and Marks and Spencer in the kingdom, said

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Al Meera launches new Ramadan offer

Al Meera, a leading retail chain in Qatar, has announced plans to launch a wide array of amazing offers in all its branches across Qatar for Ramadan. The offers will include sale of 1,000 consumer products at cost price, said the

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India likely to ease curbs on online retailers

India could allow global online retailers such as Amazon.com to sell their own products as early as next month, removing restrictions that could boost competition in one of the world's biggest, and most price-sensitive, retail markets.

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Al Meera registers 29pc sales growth

Al Meera, a leading retail chain in Qatar, said it has achieved a 29.4 per cent growth in sales for 2013 which soared to QR1.94 billion ($532 million) from QR1.5 billion the previous year. Announcing the  results, Abdulla Bin

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Top Mideast retailers’ revenue grows 13.5pc

Middle Eastern retailers on the world’s largest 250 list reached a revenue growth of 13.5 per cent last year, said a report. The 2014 Global Powers of Retailing report from Deloitte, in conjunction with Stores Media, pointed

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Saudi retailer Alhokair Q2 profit up 11.8pc

Saudi Arabian retailer Fawaz Abdulaziz Alhokair posted an 11.8 percent rise in second-quarter net profit on Monday that fell short of analysts' forecasts despite increased sales from expansion of stores. The firm made a net pr

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