Thursday 28 August 2014
 
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Retail sector

Dubai retail sector to hit record $41bn

Dubai’s retail and shopping sector is expected to reach a record figure of Dh150 billion ($40.8 billion) by the end of this year, driven by the spending power of its residents and tourists. According to the latest data from

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Dubai retail sector to hit $41 billion by year-end

Dubai’s impressive average spending power of Dh53,000 ($14,400) per household per year has seen the retail sector riding a wave of growth to reach record figures, a report said. According to the latest data from Colliers Int

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Developers cash in on Bahrain retail boom

Bahrain's retail market has remained the best performing sector in the commercial market, with developers capitalising on the buoyant demand for retail schemes in Manama, a report said. The latest research by Cluttons, a leadi

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Developers cash in on Bahrain retail boom

Bahrain's retail market has remained the best performing sector in the commercial market, with developers capitalising on the buoyant demand for retail schemes in Manama, a report said. The latest research by Cluttons, a leadi

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UAE retail sector faces skills gap challenge

The UAE’s retail sector, the most mature of the markets in the GCC, is facing a major skillset gap challenge, especially amongst senior level employees, said a study. The Dubai International Academic City (DIAC)-commissioned

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Abu Dhabi residential rates fall on oversupply

Residential 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.

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Barloworld expansion targets retail sector

Barloworld 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

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GCC retail sector set to post steady growth

The 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

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Seef Properties posts $8m H1 net profit

Bahrain-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

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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,

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