Retail & Wholesale

Retail & Wholesale

Mena M&A activity see 321 deals valued at $49.2bn in H1

Tue, 30 Jul 2024

The Mena region witnessed a slight increase in merger and acquisition (M&A) activity with a total of 321 deals amounting to $49.2 billion, according to the EY Mena M&A Insights H1 2024 report.

Retail & Wholesale

Americana H1 net down 44pc; revenue hits $1.05bn

Tue, 30 Jul 2024

Americana Restaurants International, the largest out-of-home dining and quick service restaurant operator in Mena and Kazakhstan, saw its first-half net profit drop 44.8% to $80 million as revenues fell 15.2% to $1.05 billion.

Retail & Wholesale

SPC Free Zone, FedEx to boost global connectivity in Sharjah

Mon, 29 Jul 2024

Sharjah Publishing City Free Zone (SPC Free Zone) and Federal Express Corporation (FedEx), the world's largest express transportation firm, are allying to enhance global market access for e-commerce businesses in Sharjah.

Retail & Wholesale

Mazad hosts first e-luxury watch auction in Bahrain

Sat, 27 Jul 2024

Mazad, a local portfolio company of Bahrain Mumtalakat, is hosting a luxury watches auction on its platform - a first of its kind for the kingdom - featuring a wide collection of rare, vintage timepieces from top brands such as Rolex and Audemars Piguet.

Retail & Wholesale

Helmerich & Payne in deal to acquire KCA Deutag for $1.97bn

Sat, 27 Jul 2024

Leading US petroleum contract drilling company Helmerich & Payne said it has reached an agreement with KCA Deutag, a global drilling group with a significant land drilling presence in the Middle East, to acquire the company for $1.97 billion in cash.

Retail & Wholesale

City Centre Bahrain kicks off mega summer sales campaign

Sat, 27 Jul 2024

City Centre Bahrain, the leading lifestyle and shopping destination in the Kingdom of Bahrain, is back this year with its ‘A Summer Full of Colour’ campaign offering its shoppers a brand-new 2025 Range Rover Velar as the ultimate grand prize.

Retail & Wholesale

Samsung celebrates local talent with first Galaxy Creators' Day

Thu, 25 Jul 2024

Samsung Gulf Electronics has welcomed the UAE’s creative community to its inaugural Galaxy Creators' Day as the company unveiled its latest flagship devices.

Retail & Wholesale

Pathfinder announces $325m Silver Rock investment

Wed, 24 Jul 2024

Pathfinder, a leader in pioneering retail technology solutions, has announced an investment of $325 million from Silver Rock Group.

Retail & Wholesale

GEODIS achieves record customer satisfaction results

Tue, 23 Jul 2024

For the fifth year in succession, GEODIS has collaborated with Ipsos on an evaluation of customer satisfaction, establishing a Net Promoter Score (NPS).

Retail & Wholesale

Alshaya, Mastercard to drive growth of GCC’s retail sector

Mon, 22 Jul 2024

Alshaya Group, one of the leading international retail franchise operators, has partnered with Mastercard to expand its award-winning loyalty programme, Aura.