#Retail

Michel Chalhoub

Michel Chalhoub, founder of Dubai-based luxury retailer, dies

The founder and chairman of the Dubai-headquartered luxury retailer Chalhoub Group was 89

Disney opens Middle East’s first shop-in-shops in UAE, Kuwait

An additional 26 locations are set to open across the region over the next four weeks

Abu Dhabi’s ADQ and Qatar’s QIA among investors in latest Flipkart funding round

The latest funding round has boosted the Indian online retailer’s valuation to $37.6bn

Only vaccinated individuals now allowed to enter malls, restaurants, gyms and salons in Kuwait

A person will need to show their vaccination status on the My Identity or Immunity mobile application

eyewa

UAE startup eyewa raises $21m in Series B funding round

Eyewa aims to take its e-commerce model and expand into brick-and-mortar retail operations at key locations in the region

Mall Of Oman Majid Al Futtaim

UAE’s Majid Al Futtaim to open Mall of Oman in September 2021

Its key features include over 350 retail outlets, a 15-screen VOX cinema and the country’s largest indoor snow park

UAE online retailer noon announces dates for its next ‘big yellow sale’

The three-day event will see prices reduced by up to 70 per cent

Dubai Shopping Malls

Dubai Summer Surprises 2021 mega sale returns in July

Spread across 10 weeks, it will be held from July 1 until September 4

How can FMCG businesses in the GCC ensure that they remain relevant?

Innovation remains the main key that enables a company to be a game-changer, says Philippe Gelder, president and CEO at Voted Product of the Year Worldwide

Kuwait issues new regulations for jewellery stores

Price tags must include the company’s name, serial number (barcode), carat, weight and type of the piece

Oman’s National Gas Company terminates CEO

Covid-19: Oman lifts movement ban, commercial activities resume with some restrictions

The number of visitors to commercial complexes and restaurants will be capped at 50 per cent of capacity

UAE’s Transguard Group posts 86.2% dip in profit for FY20/21

The company posted revenue of Dhs1.87bn for FY 20/21

E-commerce freezone Dubai CommerCity opens new facilities as part of first phase launch

The new facilities include office spaces as well as e-commerce logistics units and multi-client warehouses

Emaar chief, Mohamed Alabbar, to chair new UAE digital bank

Zand aims to make banking quicker and simpler, via its digital offerings

Oman is said to study strategic options for state energy firm OQ

OQ is an integrated energy company with oil and gas exploration and production operations, refineries, a retail network and a large petrochemical business

How UAE’s Landmark Group has kept pace with GCC’s evolving retail landscape

Keeping pace with the changing times has been key for retail heavyweight Landmark Group even as it continues to expand, reveals its CEO and chairwoman Renuka Jagtiani

Aldar Yas Mall Abu Dhabi

Aldar unveils Dhs500m Yas Mall redevelopment plan in Abu Dhabi

The redevelopment will add a total of 15,000 sqm of office space to Yas Mall

UAE retail forecast

UAE retail sales forecast to reach $58bn in 2021

During 2021, Dubai and Abu Dhabi are expected to see 761,000 sqm and 293,000 sqm respectively of retail gross leasable area added to the market

Meyan Mall Dubai

New Meyan Mall near Burj Al Arab in Dubai to open in April 2022

The mall consists of a ground level, two floors above it and two levels of basement parking

Majid Al Futtaim City Centre Al Zahia mall Sharjah

Majid Al Futtaim opens Dhs2.6bn City Centre Al Zahia mall in Sharjah

It is the largest mall in the Northern Emirates within the UAE and will feature over 360 brands, including a 16-screen VOX Cinemas multiplex

Dubai Tourism steps up inspections to check compliance with Covid-19 guidelines

A total of 274 violations were recorded and 47 facilities closed, marking a compliance rate of 89 per cent

Kuwait begins nightly curfew, mulls lifting institutional quarantine for vaccinated arrivals

A 12-hour nightly curfew – from 5pm to 5am – will be in place for one month starting Sunday, March 7

Ajman store

Retail store in Ajman closed, fined Dhs5,000 due to overcrowding during a sale

The store held a promotional sale, which caused overcrowding during the weekend

Carrefour fulfiment centre

Video: Autonomous robots deployed in Carrefour fulfilment centre in Dubai

Claimed to be the first-of-its-kind facility in the Middle East, the centre is located at Carrefour in Ibn Battuta Mall

Dubai-listed Emaar Properties and Emaar Malls announce merger plans

As part of the transaction, the existing business of Emaar Malls will be reconstituted in a wholly owned subsidiary of Emaar Properties

ADCB expands mortgage business, acquires portfolio from Abu Dhabi Finance

Customers are expected to transfer to the ADCB banking platform during the first half of 2021

Carrefour employs more Tally robots across its UAE stores

Eleven more Tally robots to be added for stock management and control

UAE-HEALTH-VIRUS Sharjah

Covid-19: Sharjah announces restrictions, cuts capacity at malls, gyms and cinemas

Cinemas and entertainment centres as well as gyms and fitness centres are permitted to operate at 50 per cent of their total capacity

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