The hypermarket chain operator initially planned to sell a 25 per cent stake and raise as much as $1.43bn, but it increased the size of the IPO
Carrefour Jordan had announced late Monday in a Facebook post that it would no longer operate in the country
Consumer preferences are evolving with more than 60 per cent of customers in the GCC interested in adjacent services from their current retailers, according to Oliver Wyman’s latest survey
The price range for the shares remains unchanged at between Dhs1.94 and Dhs2.04 per share
The two entities are collaborating to build a network of community retail outlets, including hypermarkets, supermarkets, and other retail stores
The indicative share price of Dhs1.94 and Dhs2.04 per share implies a market valuation of around $5.74bn (Dhs21.07bn)
The barrierless parking solution eliminates the need for cars to stop when entering or exiting the mall’s parking lots
The fund aims to accelerate development in the Qassim region, including the facilitation of a land sale programme and development of the U Walk Qassim Mall
The deal includes new investment by both PIF and Central to strengthen Selfridges Group’s position and support future development
We look at measures that businesses can take to mitigate three common types of fraud that become more prevalent during peak shopping periods
Globally, the fashion industry has pivoted towards a more sustainable approach and that’s translated to the Middle East retail environment, says the founder and president of the luxury retailer
The transaction positions the ethical beauty brand for a revival amid increasing demand for sustainable and ethically produced beauty products
Throughout September, U by Emaar members can participate in a raffle with daily prizes of 10,000 Upoints, and a grand prize of 100,000 Upoints at the end of the month
A sale of the stake would increase the investor base of the business that has been held by the Alshaya family since 1999
Mair Group’s assets include Makani Real Estate Company, which operates a diverse chain of community shopping centres, and SPAR for retail, which has been active in Abu Dhabi for over a decade
The partnership will be aimed at North India initially, with further expansion planned across the country
According to the NielsenIQ H1 report, UAE shoppers exhibit a stronger loyalty to brands, often seeking promotions on their preferred choices
Amnah Ajmal, EVP – Market Development, EEMEA, Mastercard, shares insights on how technology is transforming the region’s retail landscape and the brand’s latest partnership and initiatives
Majid Al Futtaim Properties delivered a record performance, driven by the success of UAE-based shopping malls and strong consumer confidence
The deal values BFL Group at an enterprise value of $1.2bn
The creator economy is not just a passing trend but a fundamental shift in how we consume media and make purchasing decisions
Emaar’s recurring revenue-generating portfolio collectively generated revenue of Dhs4.6bn during H1 2024, representing 32 per cent of its total revenue
The agreement mandates the digitalisation of customs documents and processes, the recognition of electronic documents and signatures, and legal safeguards against online fraud
Starting July 3, which coincided with International Plastic Bag Free Day, Carrefour eliminated the use of plastic bags every Wednesday across all its stores
Prime members in the UAE will have access to an extensive range of deals from top local and international brands
The mall recorded a growth in retail sales in the first six months of 2024, ranging from 8 to 15 per cent higher than the same period last year
A new report projects that Riyadh’s retail stock will expand by 28 per cent to 4.6 million square metres by 2026
Emaar Development recorded 30 project launches, resulting in the sale of 8,400 units in the first six months, reflecting a 56 per cent growth over H1 2023
ADIA’s leadership in the recent funding round for Purplle Group underscores the attractiveness of the Indian retail market
The region’s luxury market, valued at $12.5bn by year-end 2023, grew at double the rate of the global industry, revealed a report from the UAE-based Chaloub Group