Retail

IHS Forum Identifies Key Points for Middle East Economic Growth

IHS Forum Identifies Key Points for Middle East Economic Growth

As far as economic prosperity is concerned, one doesn’t have to look towards the otherwise conventional Western countries nor towards the Far East, in China. It’s in the Middle East that the treasure trove of economic prosperity lies with new highs being expected in the forthcoming two decades. Scott Key, […]

 
 

Big is better at Jewellery Week in Dubai

Big is better at Jewellery Week in Dubai

Big is better at Dubai International Jewellery Week — happening at the World Trade Centre in Dubai. Chinese clientele swarms International Jewellery Week happening in Dubai, while overall customer preferences trend strongly towards ever-larger diamonds, according to a major diamond seller. “The diamond size in terms of jewellery design is getting bigger […]

 
 

With the PS4 release, does social life cease?

With the PS4 release, does social life cease?

With the PS4 Release, Does Social Life Cease? The much anticipated Sony Playstation 4 is to be released in the UAE on December 13th and is widely expected to smash all kinds of one-day sales records upon the initial launch. To celebrate the forthcoming release, a PS4 launch party was held […]

 
 

UAE loan transfer ban ‘conditionally’ lifted

UAE loan transfer ban ‘conditionally’ lifted

In a fresh development, the central bank of United Arab Emirates has agreed to conditionally remove a UAE loan transfer ban on personal loan transfers between the various UAE banks. The central bank imposed a three month ban on the transfer of loans from one institution to the other. However, […]

 
 

Barclays may quit UAE retail business

Barclays may quit UAE retail business

Barclays is carefully assessing its UAE retail banking operations and may consider options that could lead to a sale of the business. Sources familiar with the matter have disclosed that the British bank, fourth-largest by market value in its home country, is conducting a strategic review of its retail banking […]

 
 

MENA retail survey: ‘Brand conscious’ demographic

MENA retail survey: ‘Brand conscious’ demographic

A new global survey, covering shopping trends all over the world, reveals the MENA region is home to some of the most impulsive and brand-conscious shoppers in the world. The latest edition of the Nielsen Global Survey of Consumer Shopping Behavior is based on the feedback of about 29,000 online […]

 
 

GCC retail sector grows stronger

GCC retail sector grows stronger

GCC countries continue to attract high investment in the retail sector and perform strongly compared to other emerging markets. The 13th edition of AT Kearney’s Global Retail Development Index (GRDI) highlights that four GCC countries have retained their position in the top 20 list. The UAE topped the region with […]

 
 

Qatar – FIFA-themed Mall of Qatar to open, 2015

Qatar – FIFA-themed Mall of Qatar to open, 2015

Two years ahead of it’s scheduled opening, a FIFA World Cup-themed shopping mall in Doha has attracted tremendous interest from some of the world’s biggest retailers. Covering an area equivalent to 50 football pitches, the Mall of Qatar is being developed next to the 2022 World Cup venue. Being built […]

 
 

Carrefour sells stake to local partner

Carrefour sells stake to local partner

Europe’s largest retailer, Carrefour, agrees to sell it’s 25 percent stake in a joint Middle East venture with Majid Al Futtaim (MAF). MAF reports the deal is worth an estimated USD 683 million, saying in a press release; “Majid Al Futtaim will keep and strengthen the strategic partnership with Carrefour in […]

 
 

MENA e-commerce records fastest growth globally

MENA e-commerce records fastest growth globally

A report by global payment solutions provider VISA Inc. says the MENA region (Middle East and North Africa) recorded the fastest e-commerce growth in the world. The data was compiled by the UK body for e-retail, the Interactive Media in Retail Group (IMRG). The study based on 2012 data, says […]

 
 

Dubai retail magic therapy

Dubai retail magic therapy

A new report by leading global property adviser CBRE shows that Dubai has retained its position as the 2nd most important retail destination in the world. Findings of the 2013 edition of How Global is the Business of Retail? were disclosed at the headquarters of Dubai Chamber of Commerce and […]

 
 

Arab Spring reshapes retail landscape

Arab Spring reshapes retail landscape

The Arab Spring did not only have long-lasting political repercussions for Middle East and North Africa, but it has also altered the region’s retail landscape and shaped the future for businesses and consumers. A new report by the Euromonitor International, titled ‘Retail in the Middle East and North Africa: A […]

 
 

Carrefour targets UAE expansion

Carrefour targets UAE expansion

Carrefour, the French global retailer, is aiming to achieve rapid expansion in the UAE to fuel its future growth. Sales revenues of the world’s second largest retailer have come under tremendous pressure in its home market. In Europe, weak economic growth and poor weather have resulted in a sharp decline […]

 
 

Abu Dhabi Duty Free sales hits new record, rises 24% to AED809.5 mn (US $220 mn) in 2012

Abu Dhabi Duty Free sales hits new record, rises 24% to AED809.5 mn (US $220 mn) in 2012

Abu Dhabi Airports Company (ADAC), the operator of Abu Dhabi’s five airports, revealed that Abu Dhabi Duty Free retail revenue reached Dhs809.5m in 2012, an increase of 24% over 2011, setting a new record for the company. The announcement was made today at the opening of Trinity Forum 2013, hosted […]

 
 

Dubai: The City of Malls

Dubai: The City of Malls

More than 276 hotels and hotel apartments are located within 2km of one of five mega shopping malls in Dubai, a Market research conducted by Reed Travel Exhibitions the organiser of Arabian Travel Market 2013 (ATM) which takes place at Dubai World Trade Centre on 6-9 May 2013, has shown. […]

 
 

Qatar: Small firms struggle to overcome big competition

Qatar: Small firms struggle to overcome big competition

As Qatar steps up its preparation for the 2022 FIFA World Cup, small firms are likely to miss out on their share of the pie and not benefit from the billions of dollars dedicated for new infrastructure projects. Qatar plans to invite tenders for an estimated USD 100 billion worth […]

 
 

Grocery Retailing – An Industry on the Cusp of Major Transitions

Grocery Retailing – An Industry on the Cusp of Major Transitions

A recent study by Booz & Company indicates that four important trends will significantly reshape the grocery retailing industry in the near future  A recent study centering on American grocery retailing and led by management consulting firm Booz & Company in collaboration with the Food Marketing Institute, uncovered notable findings […]

 
 

Online retailer wins investor confidence

Online retailer wins investor confidence

Summit Partners, a US-based growth equity firm, has decided to invest in Dubai-based e-commerce site Namshi.com. The total value of investment remains undisclosed and follows a recent investment of USD 20 million by JP Morgan Asset Management and Blakeney Management. The investment by JP Morgan Asset Management and Blakeney Management […]

 
 

Dubai Duty Free Sales Soar to $1.6 billion

Dubai Duty Free Sales Soar to $1.6 billion

Dubai Duty Free’s has announced that its year-end sales figures hit a record Dhs5.9 billion (US$1.6 billion), representing a 10% increase over  2011. The announcement came on the same day Dubai International airport announced the first Emirates inaugural A380 flight from the new and world’s only dedicated and purpose-built A380 Concourse […]

 
 

Middle East: Lapping up the Luxury

Louis Vuitton luxury handbags displayed in a retail store in Dubai

With annual sales now exceeding AED 30 billion (US$8.2 billion), the market of luxury goods continued to witness impressive growth in Middle East. According to a new study, the luxury goods market recorded a growth of 10 to 15 per cent from 2011 to 2012. The Middle East market climbed […]

 
 

GCC Retail Sector set to soar over $270 billion by 2016

GCC Retail Sector set to soar over $270 billion by 2016

GCC’s retail sales are expected to grow at a CAGR of 7.7% to reach US$ 270.3 billion by the end of 2016. According to the latest report on GCC retail industry published by Alpen Capital, GCC’s retailers have benefited from the government initiatives and progressive policy agenda and have a […]

 
 

Qatar reaps high Harrods profits

Qatar reaps high Harrods profits

Harrods, the world-famous London department store, recorded an 11% sales increase to £651.7m ($1bn) in the year to 28 January, with pre-tax profit rising 15% to £125.3m ($196.6m). Qatar Holding, owners of Harrods, bought the retailer from Mohamed Al Fayed for £1.5bn ($2.35bn) in 2010, earlier this month revealed plans to […]

 
 

Saudi, UAE top world cosmetics markets

Saudi, UAE top world cosmetics markets

Gulf nations, particularly Saudi Arabia and the UAE, are home to the world’s highest consumption rates of cosmetics, according to a study conducted by Epoc Messe Frankfurt and published by the London-based newspaper Asharq al-Awsat. Saudi Arabia ranks first among Gulf nations, followed by the UAE, in consumption of skin and […]

 
 

Ras Al Khaimah retail economy growing despite tough competition

Ras Al Khaimah retail economy growing despite tough competition

Retailers in Ras Al Khaimah (RAK) are hoping for a period of sustained growth, thanks to an increase in the number of tourists, more foreign direct investment and a growing economy, a report published by a British publication said. The UAE’s emirate witnessed a massive boom in retail sector, with […]

 
 

One-third of all food produced wasted globally – report

One-third of all food produced wasted globally – report

United Nations Environment Programme (UNEP), in its shocking report titled ‘Avoiding Future Famines,’ revealed one-third of food produced globally is wasted and fails to reach the consumers’ plate. The amount of wastage exceeds 1.3 billion tonnes every year, the damning report added. A similar report was also released by the […]

 
 

UAE seventh on Global Retail Development Index

UAE seventh on Global Retail Development Index

A study released by a global management consultancy firm said four Gulf countries feature among top global emerging markets for retail expansion. The Global Retail Development Index (GRDI) ranks 30 countries on market attractiveness, market saturation, country risk and time pressure on an annual basis. Martin Fabel, partner at A. T. […]

 
 

MasterCard announces MENA growth plans

MasterCard announces MENA growth plans

MasterCard announced it is restructuring its Middle East and Africa business. The announcement comes at a time when the global credit firm is trying to cash in on steady population growth, continuous economic development and a huge chunk of young consumers entering workplace every year. The Middle East and Africa (MEA) business […]

 
 

Rise of Facebook e-commerce

Rise of Facebook e-commerce

Facebook e-commerce is becoming the new trend over social media, as more and more consumers are looking forward to have social shopping and also companies are jumping over this F-commerce market. Some e-commerce start ups, backed by some tech financiers, are betting confidently that Facebook Inc can be the future […]

 
 

Interview: Thirawit Leetavorn – Double A Senior Executive Vice President

Interview: Thirawit Leetavorn – Double A Senior Executive Vice President

Double A paper is manufactured by Double A (1991) Public Company Limited, one of the most advanced fully-integrated pulp and paper manufacturers in the world. Double A paper is produced from fast growing farmed trees grown by contract farmers in Thailand, providing local farming families extra income. Double A launched […]

 
 

Dubai Duty Free expecting smash sales in coming years

Dubai Duty Free expecting smash sales in coming years

Dubai Duty Free is expecting to double its sales to more than Dh10 billion ($2.72 bn) by 2018, compared to last year’s 15 percent rise. Colm McLoughlin, Executive Vice President of Dubai Duty Free, has said this year’s sales would touch Dh 16bn. On its 28th anniversary, the retailer offered […]

 
 

‘Political giants’ pressurise Indian govt to halt retail giants’ market entry

‘Political giants’ pressurise Indian govt to halt retail giants’ market entry

Sources inside Indian government insist plans to open up the retail industry have been put on hold, days after giving a formal nod to global retail giants. Opposition parties and senior figures within the government openly criticised the move which will allow retail big-wigs such as Wal-Mart, Tesco and Carrefour […]

 
 

Foreign retail giants part of strategy to tackle food inflation: Top Indian Economist

Foreign retail giants part of strategy to tackle food inflation: Top Indian Economist

India’s chief economist has warned suffering of country’s millions of poor people will continue if global supermarket chains are not let into Indian retail industry. Speaking to the Times newspaper, Kaushik Basu, one of Prime Minister Manmohan Singh’s influential advisers, asserted India’s poorest people will have to pay more for […]

 
 

Indians brace for further competition, survival as foreign brands enter retail market

Indians brace for further competition, survival as foreign brands enter retail market

It was a perfect Thanksgiving gift to the global retailers by India. On Friday, India announced that it will open up its US$451 bn retail sector to foreign companies. Global multi-brand companies like Carrefour, Tesco, Wal-mart and others have got the nod from Indian government to hold a majority stake […]

 
 

Dubai-Peru Trade Boosts

Dubai-Peru Trade Boosts

The trade exchange between Dubai and Peru registered a doubled growth rate in 2010 exceeding Dh 62 million from Dh 29 million in 2009. GROWING TRADE Ahmed Butti, Executive Chairman of Ports, Customs and Free Zone Corporation, said: Imports had the biggest share of the trade exchange between the two […]

 
 

Carrefour soldiers on despite sales slump

Carrefour soldiers on despite sales slump

Carrefour is contemplating whether it should drop its annual earnings forecast as the retail giant’s reorganisation in France did not boost sales growth as fast as expected. Up until July 13, Carrefour forecasted a progression in sales and current operating income this year. The company also issued restated earnings on […]

 
 

Wal-Mart, Cheaper By the Dozen? Not Quite.

Wal-Mart, Cheaper By the Dozen? Not Quite.

This year Wal-Mart Stores Inc. has been struggling to keep its image as the store that offers the lowest prices. THE STORY It has managed to show profits over the second quarter but its low-income customers worried about job security, rising costs and their finances and this has been reflected […]

 
 

U.S. Retailers Fight for Online Presence

U.S. Retailers Fight for Online Presence

Using robots and building additional warehouse centers, online retailers are copying the online distribution tactics ofAmazon.com Inc. Bloomberg reportsretailers such as Walgreen Co.and Toys “R” Us Inc. are beefing up their online sales efforts in anticipation of the holiday season and to win back customers from Amazon. Brick-and-mortar retailers are […]

 
 

Divide and Conquer: The way forward for Kraft

Divide and Conquer: The way forward for Kraft

Kraft Foods Inc. recently released a statement in Thursday saying that it was splitting in two. The worlds largest global-food company has decided to divide its snack and grocery businesses. The statement came as a surprise, especially since Irene Rosenfeld, the companys chief executive told investors 18 months ago that, […]

 
 

Unilever Sales Surge: Setting Sails beyond expectations

After two years, Unilever has been able to celebrate the highest price growth. Shares rose by 5.1% in the second quarter, soaring well above the 2.6% median estimate of 9 analysts surveyed by Bloomberg News. Product Promotion The high price growth may be attributed to the introduction of products such […]

 
 

Saudi on a Retail high

Saudi on a Retail high

Place:Saudi Arabia Story: Retail sales in Saudi to cross $37b by 2015 New data from Business Monitor International noted that retail sales in Saudi Arabia are expected to grow from just under $27bn this year to more than $37bn in 2015 on the back of strong economic growth in the […]

 
 
 
 
 

Address

Arabian Gazette – Netilligence Business Systems LLC
PO Box 122392, Bur Dubai
Dubai, United Arab Emirates

Tel: 00971-4-3583638
Fax: 00971-4-3426539
Mobile: 0091-55-4404607

About us

Arabian Gazette is your window to the Middle East and North Africa region that provides you with insightful news, features and analysis about matters related to business, economy, finance, society, technology and environment.

sayhello@arabiangazette.com
http://facebook.com/arabiangazette [why not 'Like' us!]
@arabiangazette