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Abu Dhabi residential rates fall on oversupplyResidential rates in Abu Dhabi have fallen over the past 18 months due to oversupply and low demand, especially in older areas which continue to experience falling rents as people upgrade to more modern developments, a report said. More… |
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Barloworld expansion targets retail sectorBarloworld Logistics, a leading provider of logistics and supply chain management solutions, is expanding its specialised logistics solutions targeting the retail sector. The company is anticipating a surge in demand driven by the More… |
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GCC retail sector set to post steady growthThe retail industry in the GCC is set to thrive due to increasing purchasing power, growing expatriate population, changing lifestyle and an expanding tourism and hospitality industry, said an expert. "Retailers have benefited from More… |
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Seef Properties posts $8m H1 net profitBahrain-based Seef Properties has posted a net profit of BD3.2 million ($8.4 million) for the first half of this year, reflecting an increased level of business in the retail sector, said its chairman. The firm which manages the S More… |
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Women ‘major influence in retail sector'In line with global figures that point to women accounting for consumer spending worth $20 trillion, they are becoming a major retail influencer in the region with new demands on products and services, said an expert. Steve Hamilton-Clark, More… |
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Transguard targets UAE retail sectorThe Transguard Group, an Emirates Group company, is targeting new business within UAE’s retail sector through its facilities management (FM) division, after its Cleaning and Hospitality units won a raft of new contracts. “These contracts w More… |
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Abu Dhabi to host retail standards eventThe Abu Dhabi Food Control Authority (ADFCA) will host a public event to spread awareness about the Government's new initiatives to streamline the retail sector and to scotch rumors that these will lead to the closure of smaller groceries. More… |
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India urged to open up retail sectorIndia's top economic adviser has called on the government to open up the vast retail sector to foreign investors to cut supply bottlenecks and ease stubbornly high inflation. Large retailers such as US-based Wal-Mart and France's Carrefour More… |
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Abu Dhabi mulls new groceries planA comprehensive plan to develop the retail stores sector (grocery stores) in Abu Dhabi is underway, details of which would be disclosed later this year, said a top official. The plan envisages sea changes to the sector, bringing benefits t More… |
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Mena franchise industry worth $30 billionThe Middle East & North Africa (Mena) franchise industry is worth an estimated $30 billion, according to International Expo-Consults (IEC), organisers of the upcoming Franchising Middle East (FME) exhibition. With approximately 70 per More… |
