Dubai’s Emaar Properties posts 58% slump in net profit for 2020

Emaar now has a total sales backlog of Dhs36.677bn, of which Dhs24.738bn is in the UAE

Revealed: LinkedIn unveils most ‘in-demand’ jobs, skills in UAE

Specialised medical professionals, digital content freelancers, professional and personal coaches, are among the pick of the jobs

Abu Dhabi’s Aldar Properties announces new operating model to drive growth

Aldar Investment and Aldar Development will be led by their own CEOs – Jassem Busaibe and Jonathan Emery, respectively

Power Letters 2021: Khaled Soliman, CEO, Jashanmal Group

The year 2020 will go down in history as a year of change, a year of the enduring and resilient human spirit

Noon Facility at EZDubai

Noon opens new customer fulfilment facility in EZDubai freezone

It has become the first e-commerce company to begin operating from EZDubai

The-Dubai-Mall-Fashion-Avenue-exterior Emaar

Dubai’s Emaar Malls CEO Rajiv Suri resigns four months after appointment

Amit Jain will take over Suri’s responsibilities “until further notice”

Ecommerce

UAE is 13th best country in the world to launch an online business: study

UAE ranked best for mobile internet speed, internet penetration and corporate tax

The Toy Store

Dubai-headquartered The Toy Store owner ceases operations

Gulf Greetings General Trading was also the operator of Hallmark stores in the UAE

In pics: Abu Dhabi’s Al Qana project, featuring region’s largest aquarium, now 90% complete

Spread across 2.4km, the waterfront destination is expected to open this year

Dubai’s Emirates relaunches its signature My Emirates Pass

All Emirates customers flying to and through Dubai from January 1 until September 30, 2021, can take advantage of the offer

AlZahia - city centre 1

New Sharjah mall City Centre Al Zahia on track to open in March 2021

The mall will be home to brands from Landmark and Azadea Group

12hr sale

Majid Al Futtaim malls to hold 12-hour sales for Dubai Shopping Festival

The 12-hour super sale will be held on December 26

Vaccine rollout will boost the UAE’s economy – Majid Al Futtaim CEO

Alain Bejjani said that the UAE’s retail economy “should be back to 2019 levels” by mid-2021

RSH 1

Dubai’s GMG acquires Southeast Asian sports retailer Royal Sporting House

GMG will now operate over 550 sports retail stores in 57 cities across 12 countries

Dubai e-commerce platform Sprii goes into liquidation after failing to raise more capital

Sprii has hired Guy Wall of Grant Thornton as liquidator

Dubai’s noon to make ‘substantial investment’ in mother and baby market – Alabbar

The launch of the segment – expected in the coming months – will see noon unveil several new products

Revealed: Winners at the 2020 Gulf Business Awards

The awards acknowledged champions from across the region’s business spectrum

Noon and Emaar

Dubai’s noon.com offers luxury apartment during Yellow Friday sale

The raffle starts on November 26, and will conclude at midnight the following day

Dubai’s 3 Day Super Sale returns, massive reductions across brands

The bi-annual promotion will be held from November 26-28

Ecommerce

Retail traffic and sales in UAE set to soar during Black Friday: Criteo study

Survey says 37% of UAE shoppers are more comfortable shopping in-store now

Ecommerce

UAE, Saudi Arabia top global Black Friday 2020 spending: study

Survey by Simon-Kucher & Partners says UAE and Saudi shoppers to spend $400 on average

Shop now, pay later payment platform Spotii makes Saudi debut

Customers can make interest-free payments over four equal instalments

The-Dubai-Mall-Fashion-Avenue-exterior

Emaar Malls reports 66% decrease in net profit for January-September 2020

It reported a net profit of Dhs586m and revenues of Dhs2.493bn during the same period

Amazon.ae unveils sales deals for November 11

Prime members will get 12-hour early access to deals, in addition to free next-day delivery and free international shipping from Amazon US

Donna Benton The Entertainer

Exclusive: Regional entrepreneur Donna Benton on how business owners must lead from the front

Companies that do survive the economic fallout of the pandemic stand to gain handsomely at the other end, opines Benton

Explainer: What is the scope of growth for the GCC’s B2B e-commerce industry?

The pandemic has helped boost digital marketplaces in the region, opines Muhammad Chbib, CEO at Tradeling

Saudi mall operator Arabian Centres picks Oracle for business processes transformation

Arabian Centres to deploy Oracle Fusion Cloud Applications

Dubai’s ENOC Group launches rewards programme

The app-based rewards programme offers points for purchase at all ENOC retail sites including fuel

Buy-now-pay-later platform tabby in new e-commerce partnership in Saudi Arabia

Announces partnership with Saudi-based e-commerce site Salla

Jose Neves Farfetch

Exclusive: Farfetch founder José Neves on the exponential growth of luxury fashion e-commerce

José Neves talks about the rationale behind smart acquisitions, building white-label digital infrastructure for companies, and why the Middle East region is vital to its business