Majid AL Futtaim announces H1 2022 results

Majid Al Futtaim reports 18% rise in EBITDA to Dhs1.9bn, revenue rises 15% to Dhs18bn

Majid Al Futtaim – Properties’ revenue rose 51 per cent to Dhs2.4bn, while EBITDA was up 27 per cent to Dhs1.4bn

Get your child 'Back-to-School' ready

Get your child ‘Back-to-School’ with these retail offers

UAE’s leading retailers have plenty of offers and deals for the new academic year

Merit Incentives launches Giftcardsby.com/ Prerna Sonawane

Merit Incentives launches Giftcardsby.com, a software as a service platform

The company has launched its latest gifting solution with talabat across the MENA region

Majid Al Futtaim report reveals spending increased by 22% in H1 2022

UAE consumer spending increased by 22% in H1 2022, reveals Majid Al Futtaim report

In the first half of 2022, the retail general category was up by 15 per cent from the same period in 2021

Danube home opens in Mauritius

Danube Home signs new franchise with Hyvec Group in Mauritius

The first showroom is expected to open in November this year

Forever 21 expands in the Middle East and South East Asia

Forever 21 expands in the Middle East and South East Asia

The group opened a 12,000sq ft store at Dubai’s Ibn Battuta Mall last week, which signals its expansion strategy across the two markets

Dubai Summer Surprises

How unified e-commerce can help UAE retailers drive sales this Dubai Summer Surprises

Studies show there is a 9 per cent higher increase in growth amongst agile businesses that connected their online, in-app and in-store payment channels compared to those that don’t

Saudi Arabia retail sector shows recovery in H1 2022

Domestic demand, spending boosts growth in Saudi Arabia’s retail sector in H1 2022: JLL

For the months of April and May, the value of point-of-sale transactions jumped by 16 per cent year-on-year to a total of SAR91.8bn across the kingdom as a whole

BinDawood acquisition

BinDawood Holding to acquire stake in French influencer marketing agency

Ykone is an influencer marketing agency focused on travel, beauty, fashion and luxury brands

Zeman Awwal MOE has launched a shop and drop service

Dubai’s Mall of the Emirates launches ‘Drop and Shop’ service at Zeman Awwal

The service is open from Monday to Sunday between 1pm–10pm

Savills- retail destination trends 2022

Four global trends shaping the future of retail destinations: Savills

In the Middle East, there are already clear signs of retailer demand, with a shift away from purely franchises to brand-owned stores

Consumer behaviour surveyunsplash_B

UAE consumers are now buying a greater variety of brands than they did pre-Covid: NielsenIQ

According to NielsenIQ, 68 per cent of UAE respondents felt they could find a brand that fits their exact needs if they looked hard enough

Majid Al Futtaim opens its first official CB2 Store in Dubai

Majid Al Futtaim opens its first official CB2 store in Dubai

The new store houses multiple categories including indoor and outdoor furniture, kitchenware, bedding, lighting, rugs, accessories and more

UAE's first Monoprix store opens in Dubai Hills launched by GMG

GMG opens French retail brand Monoprix’s first store in the UAE

Located in Dubai Hills, the French retail brand will offer food products and an exclusive range of home and beauty products

ZNAP cashback

Why cashback is a powerful tool to drive customer loyalty

Cashback is a growing trend among retailers and consumers where the former gets increased revenue and latter some future savings

UAE's Landmark Group appoints new CEO Kabir Lumba for Retail

UAE’s Landmark Group appoints new CEO for Retail

Kabir Lumba will lead as the new CEO for Landmark Retail

Sharjah Summer festival begins on July 1 GettyImages-634398604-1

Sharjah Summer Promotions 2022 starts, discounts of up to 80% on offer

As part of the promotions, the shopping festival will include a grand sale three days ahead of Eid al-Adha on July 6, 7 and 8

Lenskart

Eyewear retailer Lenskart announces e-commerce partnership with Noon

Lenskart entered the region last year with the opening of its first store at Dubai Festival City Mall

single-use plastic bags in Dubai

You now need to pay for single-use plastic bags in Dubai

Major retailers such as Géant, Grandiose, Carrefour are geared up to implement this by providing sustainable and eco-friendly alternatives

Yiwu market Dubai

Yiwu market: An ideal hub for affordable Chinese products opens in Dubai

DP World and the China Commodity City Group, which manages the world’s largest wholesale market in China, partnered to build Yiwu market in Dubai

Amazon Abu Dhabi Delivery Station

Amazon opens its largest delivery station in Abu Dhabi

The 4,700sqm delivery station is the second largest in the country and provides same-day and next-day deliveries to customers

Dubai Summer Surprises 2022

Dubai Summer Surprises 2022: Discounts of up to 90% on offer

The 25th edition of this annual event will be held from July 1 to September 4, with a wide range of activities, sales, prizes and entertainment

Simon Smith, senior vice president of GMG Sports Retail

GMG Sports Retail’s Simon Smith on the company’s expansion and new in-store offerings

GMG Sports’ senior vice president – Retail, tells Gulf Business about the brand’s entry into Southeast Asia and Egypt

UAE consumers

Price, quality or sustainability? Know what your customers want

Consumers in the UAE have the highest proportion of ‘quality appreciators’ and the lowest proportion of ‘cost-conscious’ consumers

Jones the Grocer

Jones the Grocer’s Yunib Siddiqui on the retail chain’s expansion

Jones the Grocer has 24 stores and cafes across the Middle East. Yunib Siddiqui, the CEO spoke to Gulf Business about growing his food retail business

UAE customers

Over 90% of UAE customers say experience is as important as products – survey

The Salesforce’s ‘State of the Connected Customer Report’ reveals how trust, personalisation and digital-first experiences are central to customer needs

Toufic Kreidieh, Co-founder and CEO of Brands For Less Group

Brands For Less’ Toufic Kreidieh on the company’s recent expansion

The co-founder and CEO spoke to Gulf Business about the company’s recent expansion to Qatar and other key retail trends in the region

World Environment Day: Scaling a circular economy

We look at some companies in the UAE that have championed a circular economy, while promoting sustainability and conscious consumerism

Digital wallet

Did you know that over half of the UAE population use digital wallets?

The survey was commissioned by Checkout.com and conducted by YouGov, polling over a 1000 UAE residents during May 19 and May 24, 2022

safqat to debut in the UAE

Safqat, an online F&B B2B marketplace, to debut soon in the UAE

Offering commission-free transactions, Safqat will help suppliers connect with restaurants, caterers and grocery stores at the click of a button