mall of oman opening by Majid Al Futtaim

Majid Al Futtaim officially inaugurates Mall of Oman 

Mall of Oman, which had a soft launch in September 2021, is home to Snow Oman – the largest snow park in the region, Oman’s largest VOX Cinemas and 260 international and local retail outlets

UAE's GMG acquires Aswaaq to expand retail footprint

UAE’s GMG acquires Aswaaq to expand retail footprint

The acquisition adds a total of 11 community malls and 22 supermarkets to GMG’s retail network

Aldar subsidiary ETHER to open soon

Aldar subsidiary Cloud Spaces to launch ETHER, a new co-retail space, at Yas Mall

This co-retail space provides an accessible, tech-powered retail platform, where shoppers can explore multiple product lines under one roof

Apparel Group and Project Chaiwala

Apparel Group, UAE home-grown concept Project Chaiwala sign partnership

Apparel Group’s five-year plan is to grow the Project Chaiwala brand by increasing its retail footprint across the GCC

Majid Al Futtaim and Poltrona Frau sign strategic partnership

Majid Al Futtaim, Italian luxury brand Poltrona Frau announce strategic partnership

Founded in 1912 in Turin, Italy, Poltrona Frau is known for its 21-step tanning process to create enduring leather items

GMG establishes its Asian headquarters in Malaysia to pursue further expansion and growth in SEA

GMG to ramp up growth in Southeast Asia, aims to launch 100 stores by 2025

The company has opened 31 stores across Malaysia, Singapore, and Indonesia since entering the SEA market in 2020

Dubai Chambers WAM

Dubai Chamber of Commerce launches 4 new business groups

The chamber plans to increase the number of sector-specific business support groups to 100 by March 2023

Easa Al Gurg

Power Letters 2023: Easa Al Gurg, group CEO, Easa Saleh Al Gurg Group

ESAG2025 is the road map for the group’s future, focusing on diversity and intrapreneurship

Mubadala Investment Capital invests in fintech Tabby's Series C round

Mubadala Investment Capital invests in fintech Tabby’s Series C round

The funds will be used to expand Tabby’s product line and support the company’s growing operations

Dubai's DMCC launches e-commerce ecosystem to support SMEs

DMCC launches e-commerce ecosystem, aims to support SMEs, targets $50bn regional market

The DMCC E-Commerce Ecosystem will give SMEs easy access to workspaces, order fulfillment services and delivery options

Majid Al Futtaim New CEO

Majid Al Futtaim Holding appoints new chief executive officer

Ahmed Galal Ismail assumes the position from Alain Bejjani, who served in the role for eight years

Luxury shopping

Insights: How the luxury shopping experience has evolved

Shopping remains a key component of Dubai’s draw as a tourist spot, as daily spending by tourists in the UAE increased 30 per cent during the summer of 2022

Amazon cuts 18,000 jobs

Amazon to slash more than 18,000 jobs

The reduction is concentrated in the firm’s corporate ranks, mostly Amazon’s retail division and human resources functions like recruiting

ToYou_Tabby_Image

Saudi delivery app ToYou joins forces with BNPL platform Tabby

Tabby will enable users to buy as many times as they want from ToYou, with a single bill at the end of the month without interest or fees

Dubai Duty Free shopping complex in Concourse C

Dubai Duty Free annual sales touch $1.74bn in 2022

December sales were boosted by DDF’s 39th anniversary celebrations when the operation offered a 25 per cent discount from December 18- 20

Consumers spend in 2023 - trends

UAE consumers to shop, dine out more, but spend less per visit in 2023: Mastercard Economics Institute

The report expects inflationary pressure to ease in 2023, with the average inflation rate of developed economies falling from 7.1 per cent year-on-year in Q4 2022 to 3.1 per cent year-on-year in Q4 2023

Geant opens first supermarket in UAE in Ajman

Géant opens first supermarket in the UAE

Géant has expanded into the Northern Emirates with the opening of its new store concept in Ajman

IGB Majid Al Futtaim

Majid Al Futtaim, Immersive Gamebox to launch interactive digital smart rooms in UAE 

Seven ‘Gameboxes’ will be introduced in two Magic Planet locations in Dubai and Sharjah in January 

Saudi's Shaker and LG expand long-term partnership

Saudi’s Shaker Group and LG expand long-term partnership

The new supply agreement will come into effect from January 1, 2023 and enable Shaker to offer LG’s full product range

Sharaf Retail expands operations across Middle East and Far East

Sharaf Retail expands operations across Middle East and Far East

The group has already opened 14 stores in the last 12 months across Malaysia, Indonesia, UAE, Bahrain and Oman

Elista

Electronics and home appliances brand Elista launches in the UAE

Teknodome, Elista’s parent company has been into business past 15 years in the region

GMG and Silal sign MoU to drive collaboration in food sector

UAE retailer GMG, Silal sign MoU to drive collaboration in food sector

GMG will support up to 1,100 farms contracted with Silal to bring fresh local produce to consumers directly sourced from local farms

Dubai shopping festival

Dubai reveals dates for 28th edition of annual shopping festival

Dubai Shopping Festival is back this year from December 15 with 46 days of entertainment, fashion exclusives, shopping deals, raffles, hotel and dining offers

Lenskart

Abu Dhabi Investment Authority to invest in eyewear retailer Lenskart

ADIA is in advanced talks with Lenskart to invest $350m to $400m at a valuation of $4.5bn

Nike launches its smart sneaker Cryptokicks iRL

Nike launches its smart sneaker Cryptokicks iRL

The Cryptokicks iRL features auto-lacing, enhanced lighting, haptic feedback, gesture control, walk detection, app connectivity, AI/ML algorithms and wireless charging via the RTFKT powerdeck

Sharjah Chamber opens registration for Sharjah Shopping Promotions 2022

Sharjah Chamber opens registration for Shopping Promotions 2022

The new season will kick off on December 15 and will continue until January 29, 2023

Fawaz Alhokair Group, Arabian centres and Alhokair fashion announce rebranding

Fawaz Alhokair Group, Arabian centres announce rebranding

The full rebrand brings together all operating companies under the Cenomi brand

Agthia completes acquisition of majority stake in Auf Group

Agthia completes acquisition of majority stake in Egypt’s Auf Group

Agthia has acquired 60 per cent of the Auf Group, with the Egyptian company’s founders retaining a 30 per cent stake

MENA customers doubled their spending on White Friday, reveals survey

According to Admitad, shoppers in the MENA region increased their orders by 135% and their spending by 94% during the sale week compared to the ‘usual’ period

KEZAD Group breaks ground on noon’s 252,000 sqm fulfilment centre

KEZAD Group breaks ground on noon’s 252,000 sqm fulfilment centre

The fulfilment centre facility is being designed and developed by KEZAD Group under a build-to-suit agreement and is scheduled for delivery in 2024