Retail & Wholesale

Retail & Wholesale

Lulu reports 7.3% increase in Q1 revenue to $2.1bn

Wed, 14 May 2025

Lulu Retail Holdings, the largest and fastest growing pan GCC full line retailer, has reported a revenue of $2.1 billion for the first quarter of 2025, up 7.3% YoY, with like-for-like sales up 3.6% YoY.

Retail & Wholesale

Abu Dhabi issues rules on gas works in buildings

Tue, 13 May 2025

Abu Dhabi Department of Energy (DoE) has issued a new decision regulating works related to gas supply in buildings.

Retail & Wholesale

Al-Futtaim IKEA, EWEC deal to power stores with renewable energy

Thu, 08 May 2025

EWEC (Emirates Water and Electricity Company) and Al-Futtaim IKEA, the leading Swedish home furnishing retailer in the region, have announced a clean energy partnership to reduce emissions and advance sustainable business operations in the UAE.

Retail & Wholesale

Expo City Dubai, Yango launch autonomous food delivery

Tue, 06 May 2025

Yango Group, a global tech company, has launched a pilot programme for autonomous robot-powered food delivery at Expo City Dubai.

Retail & Wholesale

Adnoc Distribution posts highest Q1 EBITDA

Tue, 06 May 2025

Adnoc Distribution, the UAE’s largest fuel and convenience retailer, reported a record Q1 EBITDA and fuel volumes that drove double-digit year-on-year (y-o-y) earnings growth.

Retail & Wholesale

Dubai Holding opens new mixed-use lifestyle hub at Nad Al Sheba

Fri, 25 Apr 2025

Dubai Holding Asset Management, a key player in the retail sector, has announced the official opening of Nad Al Sheba Mall, a mixed-use lifestyle destination featuring a selection of over 100 stores spanning fitness, retail, entertainment and F&B.

Retail & Wholesale

Saudi Green Building Forum becomes IAF member

Thu, 24 Apr 2025

The Saudi Green Building Forum (SGBF), the scheme owner of SAAF, a certification trademark of Arab Green Building, has announced that it has signed up as an association member of the International Accreditation Forum (IAF).

Retail & Wholesale

Bridging AI talent gap key to unlocking GCC retail's future: Al Futtaim

Tue, 22 Apr 2025

A new white paper, released by Al Futtaim, in collaboration with MBZUAI, reveals that a lack of skilled artificial intelligence (AI) professionals is the biggest hurdle to unlocking the potential of AI-driven personalisation in GCC retail sector.

Retail & Wholesale

Bridging skills gap key to unlocking AI in GCC retail: report

Tue, 22 Apr 2025

A lack of skilled AI professionals is the biggest obstacle to unlocking the potential of AI-driven personalisation in the GCC retail sector, according to a new study.

Retail & Wholesale

Gold breaks $3,300 for first time in history as tariff war ramps up

Wed, 16 Apr 2025

Gold soared to another record high on Wednesday to breach the $3,300-an-ounce level, as US-China trade tensions steered investors towards the safe-haven asset. The dollar, meanwhile, continued to depreciate against its rivals to hold near a 3-year low.