Over 50% of UAE consumers to go cashless by 2024 – Visa

Around 71 per cent of small businesses surveyed in the UAE said they already are, or plan to be, cashless in the next two years

Five best practices to aid hybrid retail strategies in the Middle East

Just as employers are having to contend with the inevitability of hybrid work, retailers must also prepare themselves for a hybrid-shopping future

Power Letters 2022: Mohammad A. Baker, deputy chairman and CEO, GMG

Whether it is acquiring new international brands or developing homegrown concepts, when an opportunity presents itself, we go after it

Abu Dhabi

Khalifa Fund partners with eBay to support Abu Dhabi-based SMEs

eBay is the latest partner to join Khalifa Fund’s e-Empower initiative

UAE retailer GMG to open more than 100 stores in Egypt by 2026

Sun & Sand Sports, a GMG brand and the Middle East’s sports retailer, is already slated to open at the City Centre Almaza as well as Mall of Egypt

Dubai Duty Free records Dhs87m worth of sales in three-day promotion

The retailer offered a 25 per cent discount on a range of merchandise over three days from December 18-20

UAE retailer GMG gets Nike distribution rights for Egypt, Iraq

GMG will become the official distributor partner for Nike in Egypt by June 2022, covering everything from brand management to retail and distribution

Dubai Shopping Festival begins on December 15: Here’s what it features this year

The event – currently in its 27th edition – will run until January 30, 2022

Samsung to replace unit heads, combine mobile and consumer arms

The move simplifies the company’s operational structure, segmenting its semiconductor and consumer groups

Dubai: How brands can leverage technologies to underpin the consumer shopping experience

The emirate presents itself as a highly diverse consumer market where brands are busy getting the attention of shoppers

Revealed: Winners at the 2021 Gulf Business Awards

The awards lauded luminaries from across the region’s business ecosystem

Abu Dhabi’s ADNOC Distribution launches next-gen retail concept

The first new generation store has been opened at ADNOC’s Sheikh Khalifa Energy Complex

Dubai’s Danube Home reveals date for annual sale

The promotion will offer discounts of up to 90 per cent

85% of job seekers in UAE feel their roles can be performed remotely – survey

Nearly 21 per cent of job applicants also said that they had relocated since the start of the Covid-19 pandemic

Abu Dhabi’s ADNOC Distribution posts net profit worth Dhs1.7bn for first nine months of 2021

It recorded a net profit of Dhs529m for the third quarter of 2021

Dubai to encourage IPOs from private firms to revive market

The city merged its economic and tourism departments on Saturday

Noon.com reveals dates for biggest ‘Yellow Friday’ sale

The Yellow Friday Sale will be live from November 22-28

Dubai’s Global Village opens for Season 26, welcomes guests to explore new attractions

This season will host 26 pavilions representing more than 80 cultures

UAE’s GMG aims to double workforce by 2025 with global strategy

The company operates in 12 countries with the potential to reach over 700 million consumers globally

Most shoppers worldwide keen on ‘buy now, pay later’ loans

A poll of more than 6,300 people globally found that 20 per cent have already taken out buy-now, pay-later loans

Dubai Airport

Dubai rolls out new food and duty-free delivery service for airport passengers

The DXB&more service will allow food orders and duty-free shopping to be delivered to customers directly at their boarding gates or lounges

Merger and Acquisition

Emplifi acquires live commerce software provider Go Instore

Acquisition of live commerce Go Instore will give B2C brands faster connection-to-conversion experiences in-store and online

Hisense and FGT FZE

Hisense Middle East partners with FGT industries to enter the UAE market

FGT will be an advance fulfilment partner for Hisense in the UAE for the brand’s TV business

Majid Al Futtaim to hire 3,000 Emiratis to support UAE government’s Nafis programme

Renewed focus lies in Emirati talent development, training and upskilling opportunities through the MAF leadership institute retail business school

Why retailers must offer a robust omnichannel model to customers

While many consumers have welcomed a return to brick-and-mortar retail, the retail business model has fundamentally evolved

Carrefour opens new AI-powered checkout-free store in Dubai’s Mall of the Emirates

The store – the first such Carrefour worldwide, has 97 cameras in-store to identify products, improve inventory management and track the movements of customers

Mall of Oman, country’s largest shopping destination, opens in Muscat

Key features include a 15-screen Vox cinema complex and the country’s largest indoor snow park

UAE’s Majid Al Futtaim secures $1.5bn sustainability-linked loan

Standard Chartered Bank acted as sustainability coordinator on the loan

Key pillars for retail businesses to garner long term success

Future-ready retail businesses should also implement an effective value agenda

Dubai Emaar Malls

Dubai’s Emaar Malls reports profits of Dhs622m in H1 2021, up 80%

Revenue for H1 2021 amounted to Dhs2.048bn, up 23 per cent year-on-year