Wednesday 25 May 2016
 
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ME retailers should offer 'omnichannel' options

Middle East retailers should offer online and offline shopping options to stay competitive, according to a recent report.   The 2015 Global Omnichannel Retail Index by management consultancy Strategy& said th

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Souq.com raises $275m from investors

Middle Eastern online retailer Souq.com has raised $275 million from a funding round with investors to support its future growth, it said on Monday, in the largest-ever fundraising in the region's e-commerce space. The Middle

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Lulu ranks among 25 fastest growing retailers

Middle East retail major Lulu Group has been ranked the 25th fastest growing retailer in the world and it is placed 165th on the list of Top 250 Global Powers of Retailing, according to a recent report.   The 19t

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Mobily seals partnership with top Saudi retailers

Mobily, a leading telecom operator in Saudi Arabia, has joined hands with leading local and international chains of stores in the kingdom to boost its availability and reachability. Some of its key partners include Jarir Bookstore

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Aswaaq plans $30m expansion spend in 2016

Dubai-based retailer Aswaaq, which reported a record a 15 per cent revenue growth for the last 12 months, expect to invest as much as Dh110 million ($30 million) in expansion in 2016, said the company’s CEO. “Over the

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Jewel Corner launches e-commerce portal

Jewel Corner, a Dubai-based retailer of high-quality jewellery, recently launched an exclusive e-commerce portal with videos that provide a holistic view of each product from the extensive range. Jewel Corner, operating under Soft

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Al Meera offers cash back to mark 10th anniversary

Qatar-based Al Meera Consumer Goods Company is offering customers a cash back of 10 per cent of their purchase value from November 25 to December 4 to mark its 10th anniversary in retail operations. Each customer will receive a QR

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Souq.com to launch 'White Friday' sales

Souq.com, a leading online retailer in the Middle East, will launch its White Friday sales from November 25 to 28 across the UAE, Saudi Arabia, Kuwait and Egypt aiming to double last year’s sales records estimating over 12 million visitors

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Atlas owner gets 3-year jail term for bounced cheques

The owner of a Dubai-based gold and jewellery retailer was sentenced to three years in prison for writing two cheques totaling Dh34 million ($9.26 million) that bounced, local media reported.   Gulf News said the

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‘Saudi population growth to offset oil drag on economy’

Strong population growth and rising incomes among women in Saudi Arabia should offset any blow to the economy from low oil prices, according to one of the country's largest retailers.   Jarir Marketing Co sai

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