Headline CPI inflation in Kuwait slowed to 2.4% y/y in October, down from 2.8% the previous month, according to Emirates NBD Research.
Apparel Group, a Dubai-based leading retail and lifestyle conglomerate, has partnered with Savoye, a premier integrator of automated warehouse solutions, to fully automate its largest regional distribution centre in Dubai.
The UAE is set to become a major hub for gold trade in the coming years, according to DMCC. This position was significantly bolstered by the emirates leapfrogging UK in 2023 to become the second-largest gold trade hub with $129 billion in total trade.
Dubai is pulling out all the stops this year with the city’s biggest-ever celebration for the historic 30th anniversary edition of the iconic Dubai Shopping Festival (DSF), organised by Dubai Festivals and Retail Establishment (DFRE) from December 6, 2024
ScottOMAN, a leading Omani real estate and facility management company, has joined hands with Beyond Squarefeet, an Indian mall advisory group, to set up a new venture - Mall-IQ - for development and management of malls in the sultanate.
The Middle East Council of Shopping Centres & Retailers (MECS+R) hosted its first-ever Retail Congress Mena in Riyadh, from November 4 to 5, making a resounding impact on the Mena retail landscape.
Breitling has expanded its footprint in the UAE capital with a new boutique in Abu Dhabi Marina Mall.
Lulu Retail Holdings, the largest and fastest growing pan-GCC full-line retailer, has started trading on the Abu Dhabi Securities Exchange (ADX) after its record-breaking Initial Public Offering (IPO).
Landmark Group, the leading value conglomerate in the retail and hospitality sectors, has unveiled plans to invest $1 billion to expand its presence across the Gulf, India and South-East Asia.
The UAE ranks third globally in the diamond trade after India and the US with a share of more than 15% of total global trade in this sector. The country's diamond trade value hit $39 billion in 2023 and is now on track to top $40 billion by year-end.
