#Retail

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

The Toy Store

Dubai-headquartered The Toy Store owner ceases operations

Gulf Greetings General Trading was also the operator of Hallmark stores in the UAE

In pics: Abu Dhabi’s Al Qana project, featuring region’s largest aquarium, now 90% complete

Spread across 2.4km, the waterfront destination is expected to open this year

Abu Dhabi’s ADNOC Distribution to acquire 15 fuel stations in Saudi for $10m

The stations, located in the eastern region, with sites on both the highway and within communities, will be refurbished

AlZahia - city centre 1

New Sharjah mall City Centre Al Zahia on track to open in March 2021

The mall will be home to brands from Landmark and Azadea Group

Vaccine rollout will boost the UAE’s economy – Majid Al Futtaim CEO

Alain Bejjani said that the UAE’s retail economy “should be back to 2019 levels” by mid-2021

RSH 1

Dubai’s GMG acquires Southeast Asian sports retailer Royal Sporting House

GMG will now operate over 550 sports retail stores in 57 cities across 12 countries

Dubai Real estate

Four steps for UAE businesses to up their e-commerce game

Many consumers are unlikely to give up online shopping even after the pandemic ends

Dubai’s noon to make ‘substantial investment’ in mother and baby market – Alabbar

The launch of the segment – expected in the coming months – will see noon unveil several new products

Snow cinema

Majid Al Futtaim launches ‘cinema in the snow’ at Ski Dubai

The experience is available from December 11 until the end of February

Noon and Emaar

Dubai’s noon.com offers luxury apartment during Yellow Friday sale

The raffle starts on November 26, and will conclude at midnight the following day

Shop now, pay later payment platform Spotii makes Saudi debut

Customers can make interest-free payments over four equal instalments

The-Dubai-Mall-Fashion-Avenue-exterior

Emaar Malls reports 66% decrease in net profit for January-September 2020

It reported a net profit of Dhs586m and revenues of Dhs2.493bn during the same period

Dubai Economy fines 3 businesses for flouting Covid-19 measures

Inspections found that 748 shops and commercial establishments fully complied with the precautionary measures