Dubai’s MOE Ranks Among World’s Top 10 Lucrative Malls

Mall of the Emirates earns $1,423 per square foot every year, says new research.

Saudi Almarai Q3 Profit Up 4.7%

The dairy producer’s third quarter revenue rose 27 per cent to SAR2.7 billion.

Dubai Duty Free Eyes $1.6bn Sales By Year-End

The airport retailer saw sales increase 10 per cent year-on-year during the first nine months of 2012.

Vogue Café To Open In Dubai This Year

The publisher of the glossy will open the café in Dubai Mall later this year.

J.P.Morgan Invests $20m In Dubai E-Commerce Startup

The London-based investment fund has backed online fashion site Namshi just one year after it launched.

MAF Eyes $800m Mall of Egypt Launch By 2015

The UAE-based shopping mall operator hopes to start construction on the project by the end of 2012.

MAF Group Reports 15% Rise In H1 Revenue

The UAE-based shopping mall developer made a gross revenue of Dhs10.7 billion for the first half of the year.

Arab Spring Boosts Dubai Retail Sales

Majid Al Futtaim-owened malls have seen a 15 per cent rise in footfall for the first half of the year.

British Retailers Eye Middle East For Expansion

The MENA region ranks fifth most popular destination for international expansion, with UAE most popular country.

MENA Consumers Are World’s Most Loyal

Ernst & Young survey shows shoppers in the region are more loyal to their preferred brands than shoppers in the UK or US.

UAE Ranks In Top Ten For Swiss Watch Sales

Returning consumer confidence is a driving factor for the UAE luxury sector.

Qatar Luxury Group Buys Stake In Anya Hindmarch

The Qatari-owned investment company increases its luxury goods portfolio with British fashion brand.

Abu Dhabi Food Prices Rise 3.3% During Ramadan

The biggest hikes were recorded in the prices of fish, vegetables and meat, according to official statistics.

5 Minutes With… Ishwar Chugani, Exective Director, Giordano

Chugani set up the Middle East, India and Africa Giordano network

South Africa: The Halal Kingdom

With the halal industry reaching over $2 trillion in value, South Africa has emerged as a surprising global leader in halal certification, writes Peter Shaw-Smith.

Emaar profit rises 45% to Dhs1.2 bn, led by retail

Property giant Emaar reports 2012 profit rise citing Dubai’s strengthening economy.

UAE’s Agthia Posts 38% H1 Profit Rise

The food and beverage company made a net profit of Dhs56 million during the first half of the year.

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.