GCC Not Yet ‘Luxury Tourist Hub’

Luxury retailers in the region need to innovate to attract savvy customers, says a new study by BCG.

Luxury Goods Market To Grow 15% In Middle East

As Tiffany & Co. announce a new JV in the region, a global report says the luxury goods market is growing.

UAE Confidence Levels High

Qatar has the highest levels in the Middle East while Egypt sets a record; Lebanon scores the lowest.

Cost Of Food Drops 15%

Government reminds retailers and suppliers not to raise food prices ahead of Ramadan and iftars.

Dubai Duty Free Gets $1.75bn Loan

The Dubai airport retailer will use funds from the international credit facility to finance on-going expansion.

Qatar Plans New Harrods Hotels

Qatar Holding is planning to open Harrods branded hotels in Malaysia, Paris and New York.

Nestle To Offer 800 Jobs In Dubai

The Swiss company is opening a Dhs500 million manufacturing plant in Dubai World Central.

MAF Eyes $350-500m From Bond

UAE mall developer Majid Al Futtaim Holding plans to issue a dollar-denominated bond this year.

Top MENA Picks For Retailers

The UAE ranks highest in the region for global retail expansion, says a report by A.T. Kearney.

Dubai Retailers In Chinese Push

Luxury retailers in the emirate are hiring Cantonese and Mandarin speaking staff to cater to Chinese visitors.

Camel Milk Up 20% Per Year

Camelicious’ umbrella company has revealed huge growth in sales since its inception.

Samsung Eyes Mobile Top Spot

Exclusive: Eros, Samsung’s UAE distributor, says that the brand will soon lead the country’s mobile market.

Yum! Restaurants Double To 2,800

Taco Bell is to join KFC and Pizza Hut as a recognised restaurant brand in the Middle East, says CEO.

Almarai In $4.2bn Investment Plan

The five-year plan will fund the expansion of the Saudi Arabian dairy company and boost its product innovation.

Dubai Duty Free Ups Loan To $1.5bn

The airport retailer has increased the size of its loan facility because of high demand, an official has said.

Bahrain To Open New Dragon City

Chinese firm Chinamex is building a multi-million-dinar Chinese-themed retail shopping mall in Manama.

Dubai: The Shopper’s Paradise

As malls in Dubai announce massive expansion plans, experts express no concerns and say shoppers will come.

Dubai – China Trade Shows Boom

Trade shows have lined up to provide a platform for trading between the China and Middle East regions.

Ahmed Seddiqi & Sons Buys Al Manara

UAE’s luxury watch retailer Ahmed Seddiqi & Sons has acquired Abu Dhabi-based jewellery chain, Al Manara.

Dubai’s MOE To Open 20 New Stores In 2012

Dubai’s Mall of the Emirates will host Prada’s third biggest store worldwide and American pancake house IHOP.

Nissan Infiniti Sales To Grow 25% In 2012

Exclusive: The Japanese carmaker will sell 200,000 units this year, said global executive vice president.

Qatar-Led Group Takes Over Damas

A consortium led by Qatar’s Mannai Corp said that its $445 million offer for a majority stake in the Dubai jeweler has been accepted.

A Winning Combination

Managing a company is all about building up team spirit, says Christophe Chenut, CEO of Lacoste.

Top Arab Spenders At Heathrow

London’s Heathrow Airport found that Saudi visitors were the Middle East’s biggest spenders in 2011.

Revealed: The World’s Top Ten Retail Nations

The UAE is the world’s second most popular country for global retailers, according to property adviser CBRE.

Giordano Unveils Expansion Plans, Web Store

Global fashion store will launch 14 more regional stores this year.

Dubai Duty Free Picks Banks For Loan

The airport retailer has chosen Dubai Islamic Bank, HSBC and Emirates NBD to arrange its $1.1 billion loan facility.

Almarai Reports $64.5m Q1 Net Profit

The Saudi-based dairy company said that net profits for the first quarter of the year rose 2.9 per cent year-on-year.

Heir To The Mall

The Gulf’s love affair with malls is far from over, but e-shops are making headway, writes Ryan Harrison.

Arab Multinationals Spread Wings

The GCC is among the least economically integrated regions in the world. But that is changing.