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.
A staggering 51% of luxury retail employees plan to leave their jobs amid a talent crisis gripping the industry, said a landmark report titled “The Advisor Effect: Driving Retail Success by Re-imagining the Role of the Client Advisor”.
Cenomi Retail, Saudi Arabia’s pioneering retail brand partner, has made a significant turnaround in the third quarter (Q3) posting a net profit of SR19 million ($5.06 million) compared to a huge net loss of SR203 million in Q3 2023.
Spinneys, the region’s leading food retailer, has delivered solid results for the first nine months with AED2.3 billion ($626 million) record revenue, up 11.4% over last year, while its profit before tax surged by 27.1% to AED203 million ($55.2 million).
