Saudi wealth fund PIF eyes investment in date producer Bateel

Bateel owns date groves in Al Ghat, about 250 km away from Riyadh, and has a chain of cafes and bakeries

Work progressing on mega Mall of Oman, says developer

The mall – expected to be one of the biggest in Oman – will open in March 2021

Expats in Kuwait ‘banned’ from fish auctions to curb price manipulation

The ministry had reportedly received several complaints that auctioneers – mostly expatriates – raise the fish prices

Dubai retail group GMG says its outlets saw double-digit growth during DSS

The company’s retail outlets include brands such as Nike, Sun & Sand Sports, and Supercare Pharmacy

Noon partners with China’s Neolix to trial autonomous vehicles in Saudi, UAE

Neolix will build driverless vehicles customised to the region’s weather conditions

Amazon reveals best-selling products in the UAE on Prime Day

Prime members in the UAE purchased more than 21,000 litres of bottled water and over 8,500 kg of powder detergent

Saudi businesses can remain open 24 hours a day under new Cabinet decision

The new decision is hoped to help create thousands of jobs and stimulate the kingdom’s economy

New Al Futtaim mall in Dubai with Ikea, Ace to open in December

Festival Plaza, located in Jebel Ali, will have over 120 stores

Saudi dairy company Almarai’s CEO resigns

The company’s former CEO Georges P Schorderet has been re-appointed to the role

Dubai-based Sprii.com raises $8.5m in latest funding round

The e-commerce platform plans to use the funds to accelerate expansion across the Middle East

Amazon to hold ‘Prime Day’ shopping sale in the UAE next month

Amazon launched its paid subscription service Prime in the UAE earlier this month

Echo

With Amazon now in the UAE, what does it mean for local retailers?

A successful online retail presence requires a dedicated strategic framework and special attention to customer service

Dubai Summer Surprises reveals line-up of events, offers this year

The annual festival will run from June 21 until August 3 this year

Echo

Amazon Prime launches in the UAE

The launch of the membership programme comes after the launch of Amazon.ae in May

Dubai Municipality restores traditional markets in Deira

The renovation scheme covered more than 220 historical buildings in the Deira area

Saudi mall operator Arabian Centres falls below IPO price in first trading

Arabian Centres’ share sale was the kingdom’s third biggest since Saudi lender NCB raised $6bn in 2014

Dates revealed for latest edition of Dubai Summer Surprises

The festival, now in its 22nd edition, will run for six weeks starting from June 21

Saudi’s Arabian Centres prices IPO at lower end, books covered

Arabian Centres owns 19 malls, making it the leading owner and operator of shopping malls in Saudi

UAE’s Majid Al Futtaim to raise up to $650m in green sukuk

The proceeds of the sukuk will back environmentally-friendly projects

Souq relaunches as Amazon.ae in the UAE

Souq was acquired by global e-commerce platform Amazon in 2017 for an estimated $650m

Dubai reveals dates for this year’s three-day ‘super sale’

The event will see discounts of up to 90 per cent offered on 400 brands

Arabian Centres to raise up to $836m in Saudi’s biggest IPO since 2014

The IPO would be the country’s biggest since Saudi lender National Commercial Bank raised $6bn

Saudi regulator approves IPO of Alhokair’s Arabian Centres Company

Arabian Centres is a developer, owner and operator of 19 malls across 10 cities in Saudi

In pics: Dubai’s Global Village receives ‘record’ seven million visitors

Global Village, which closed on April 13, recorded over Dhs3bn worth of business transactions in its 23rd season

UAE-based start-up Eyewa raises $7.5m, to expand operations

The eyewear e-commerce site is planning to expand beyond the UAE and Saudi

Dubai’s Landmark group to open first Oasis mall in Sharjah

Located on Al Wahda Street, the mall will feature over 45 retail stores

Dubai’s Emaar Malls appoints new chairman for Namshi after CEO departure

Emaar’s chief strategy officer Hadi Badri will now chair Namshi’s board of directors

Several shops shut down in Saudisation drive after illegal expat practices exposed

Saudisation is now mandatory in several retail sectors in the kingdom

Dubai Holding to improve traffic access to Souk Madinat Jumeirah

Dedicated roadways will be developed around the venue, along with a dedicated taxi entrance and a bus parking area

UAE’s Majid Al Futtaim reveals Dhs377m Deira mall revamp, to open Masdar mall in Q2

City Centre Deira will add 25 new homeware and fashion brands and a ‘food hall’ with 20 new F&B concepts