#Retail

UAE launches new VAT refund system for online purchases by tourists

UAE launches new VAT refund system for online purchases by tourists

The new e-commerce VAT refund system builds upon the success of the FTA’s fully digital VAT refund system, which was first introduced over two years ago

Carrefour redefines convenience with 24/7 delivery service in

Carrefour launches 24/7 express delivery service in Dubai

The supermarket retailer initially launched the service in Dubai Marina and has expanded the service to include Central Dubai, covering Downtown and Business Bay

Apple announces major retail expansion in Saudi Arabia

Apple announces major retail expansion in Saudi Arabia

This marks Apple’s first direct retail service in the kingdom and is a significant milestone in the company’s local operations

50 years and counting: Jumbo's next chapter

50 years and counting: What Jumbo’s next chapter entails

Marking its golden anniversary, Jumbo celebrates ‘Trust that Transforms’ – a commitment that resonates through its customers, brands and a growing team

Dubai shopping Festival: 30th edition returns on Dec 6; DSF nights debuts

Dubai shopping Festival: 30th edition returns on Dec 6; DSF nights to debut

DSF 2024 is supported by key sponsors Visa and Dubai Islamic Bank, with strategic partners such as Al Futtaim Malls, AW Rostamani Group, City Walk, and Emirates Airline

Renuka Jagtiani on Landmark’s billion-dollar bet on the future

Renuka Jagtiani on Landmark’s billion-dollar bet on the future

The chairwoman of Landmark said the retail conglomerate plans to refresh its existing stores and enhance its online presence and operations

Dubai's 3-Day Super Sale begins, discounts of up to 90%

Dubai’s 3-day super sale begins, avail discounts of up to 90%

The shopping extravaganza has been extended to four days, running from November 29 to December 2, in celebration of Eid Al Etihad 53

Lulu Retail’s $1.72bn Abu Dhabi IPO attracts bids worth Dhs135bn

Lulu Retail’s $1.72bn Abu Dhabi IPO attracts bids worth Dhs135bn

The hypermarket chain operator initially planned to sell a 25 per cent stake and raise as much as $1.43bn, but it increased the size of the IPO

MAF replaces Carrefour in Jordan with Hypermax

UAE’s MAF replaces Carrefour in Jordan with new ‘Arab grocery chain’

Carrefour Jordan had announced late Monday in a Facebook post that it would no longer operate in the country

Lulu Retail boosts IPO size to 30% on strong demand

The price range for the shares remains unchanged at between Dhs1.94 and Dhs2.04 per share

Modon Holding, LuLu Retail to build retail facilities in UAE and Egypt

The two entities are collaborating to build a network of community retail outlets, including hypermarkets, supermarkets, and other retail stores

UAE’s Lulu Retail sets IPO price range of up to Dhs2.04 per share

The indicative share price of Dhs1.94 and Dhs2.04 per share implies a market valuation of around $5.74bn (Dhs21.07bn)

Dubai’s Parkin to manage paid parking at Majid Al Futtaim malls

Dubai’s Parkin, Majid Al Futtaim to introduce paid parking at UAE malls

The barrierless parking solution eliminates the need for cars to stop when entering or exiting the mall’s parking lots

Saudi's Cenomi Centers, GIB Capital unveil SAR1bn real estate fund

Saudi’s Cenomi Centers, GIB Capital unveil SAR1bn real estate fund

The fund aims to accelerate development in the Qassim region, including the facilitation of a land sale programme and development of the U Walk Qassim Mall

Global Village season 29 highlights image Dubai Media Office

Global Village Season 29: New features, experiences await visitors

With its fresh look and new features, Season 29 of Global Village promises to be the ultimate destination for families, friends, and visitors of all ages

Saudi PIF to acquire 40% stake in Selfridges Stores

Saudi Arabia’s PIF acquires 40% stake in Selfridges Stores

The deal includes new investment by both PIF and Central to strengthen Selfridges Group’s position and support future development

Tackling the surge in fraud during UAE’s peak shopping season

Tackling the surge in fraud during UAE’s peak shopping seasons

We look at measures that businesses can take to mitigate three common types of fraud that become more prevalent during peak shopping periods

Etoile Group's Ingie Chalhoub on navigating the future of luxury fashion

Etoile Group’s Ingie Chalhoub on navigating the future of luxury fashion

Globally, the fashion industry has pivoted towards a more sustainable approach and that’s translated to the Middle East retail environment, says the founder and president of the luxury retailer

Auréa-led consortium finalises acquisition of The Body Shop

Auréa-led consortium finalises acquisition of The Body Shop

The transaction positions the ethical beauty brand for a revival amid increasing demand for sustainable and ethically produced beauty products

U by Emaar unveils new brand identity, benefits

U by Emaar unveils new brand identity, benefits

Throughout September, U by Emaar members can participate in a raffle with daily prizes of 10,000 Upoints, and a grand prize of 100,000 Upoints at the end of the month

AlShaya Starbucks franchise stake sale talks on hold

Kuwait’s Alshaya delays Starbucks franchise divestment

A sale of the stake would increase the investor base of the business that has been held by the Alshaya family since 1999

Abu Dhabi: Mair Group for Strategic Investments launches operations

Abu Dhabi: Mair Group for Strategic Investments launches operations

Mair Group’s assets include Makani Real Estate Company, which operates a diverse chain of community shopping centres, and SPAR for retail, which has been active in Abu Dhabi for over a decade

Carrefour forays into India in partnership with Apparel

Carrefour teams up with Dubai’s Apparel Group to expand into India

The partnership will be aimed at North India initially, with further expansion planned across the country

City Center Al Zahia

Majid Al Futtaim reports H1 net profit of Dhs1.6bn

Majid Al Futtaim Properties delivered a record performance, driven by the success of UAE-based shopping malls and strong consumer confidence

Brands for less sells 35% stake to The TJX Companies

Brands For Less sells 35% stake to The TJX Companies

The deal values BFL Group at an enterprise value of $1.2bn

Afreen Razak on how to build and leverage influence in the creator economy

The creator economy: How to build and leverage influence

The creator economy is not just a passing trend but a fundamental shift in how we consume media and make purchasing decisions

Carrefour celebrates Plastic Free July, encourages shoppers to develop sustainable shopping habits

How Carrefour is encouraging shoppers to go ‘plastic free’

Starting July 3, which coincided with International Plastic Bag Free Day, Carrefour eliminated the use of plastic bags every Wednesday across all its stores

GB Awards

Call for nominations: Gulf Business Awards 2024

We are now accepting nominations for the 12th edition of the Gulf Business Awards 2024

Emaar’s Dubai Mall attracts 57 million visitors in H1 2024

Emaar’s Dubai Mall attracts 57 million visitors in H1 2024

The mall recorded a growth in retail sales in the first six months of 2024, ranging from 8 to 15 per cent higher than the same period last year

Emaar showcases H1 highlights, focused on 'transforming communities'

Emaar showcases H1 highlights, focuses on ‘transforming communities’

Emaar Development recorded 30 project launches, resulting in the sale of 8,400 units in the first six months, reflecting a 56 per cent growth over H1 2023