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Ferrari store opens in Dubai Festival City
With more than 1,000 square metres of single-storey floor space, the 29th Ferrari store has opened in Dubai Festival City. The new Ferrari store, developed entirely by the Studio Iosa Ghini, will stock a wide selection of Prancing Horse products for enthusiasts and fans of the GT cars and Formula 1 tifosi alike.
Clarins opens first MidEast store
France-based Clarins Group has opened the first Clarins Boutique in the Middle East in Dubai Mall, the world's largest shopping mall. The new boutique offers a variety of skin care products for both men and women and exclusive women skin care treatments.
SouqExtra! plans 75 new outlets in Middle East
SouqExtra! has announced plans to open 75 outlets across the the Middle East over the next 10 years. The company said the decision follows the positive reception of the concept within the local retail sector and among target consumer groups. SouqExtra! is a concept of neighbourhood community-focused centres, with integrated primary services such as grocery, kids' play area, fast food outlets, coffee shops, gymnasium, salon, photo shop and community hall.
David Morris expands in Middle East
UK-based jewellery retailer, David Morris, has launched its Middle East expansion with the opening of a new boutique at the Dubai Mall. The brand, which has a presence in Qatar's Royal Plaza mall, plans to open a store in the Saudi capital, Riyadh.
Damas reaches settlement with executives
Damas International, the Dubai-based jeweller, has said that two executives and the former chief of the company have pledged to repay some $165m for 'unauthorized transactions' that led to the chief executive's departure, Reuters has reported. 'The three Abdullah brothers have signed a formal settlement agreement with the company in which they have committed to repay in full and in cash the full value of the transactions under review,' the company said in a statement.
Dell launches Windows 7 workstation
Dell has launched its ultra-powerful Dell Precision T7500 workstation powered by Microsoft Windows 7. The new T7500 workstation has been tested for thousands of hours on the new operating system to ensure the best possible experience, Dell said.
Cisco to launch video recorder
Cisco, the networking and communications technology and service provider has said that it plans to launch its first video recorder in the Middle East next year as it takes its first step into the consumer electronics segment. The Flip Video is equipped with FlipShare, a software that allows users to organize and edit videos for the purpose of sharing them on YouTube, MySpace and other sharing websites.
Makro brand moves ahead in Egypt
Germany's Metro Group is set to begin work next week on the first of potentially 23 wholesale stores in Egypt, Reuters has reported. Its Makro brand in Egypt will sell wholesale to customers such as hotel and restaurant operators and small- and medium-sized retailers. Makro plans to open 12 stores in 2012.
Panasonic launches Viera Z-series
Panasonic has introduced its Z Series Viera Plasma TV, the world's first full-time full high-definition model with a thickness of only one inch and the ability to deploy Internet television options. The Viera Z Series features 1080-line moving picture resolution, a dynamic contrast of more than 2,000,000:1, and Panasonic's NeoPDP technology which is designed to achieve advanced levels of efficiency and picture quality.
UAE to prohibit use of plastic bags
The UAE's Ministry of Environment and Water has announced a plan to ban plastic bags in retail stores by 2013. The plan is part of an effort to rid the country of all plastic bags, which the government considers a danger to the environment. Under the plan, shops are already being encouraged to switch to environmentally-friendly bags.
Jarir to pay 1.7 riyals dividend for 2009
Jarir Marketing, a Saudi Arabia-based bookstore and office supplies retailer, has announced it will give a SR1.7 share dividend for 2009, Reuters has reported. The company, which had posted a 7.1% rise in its net profit during the nine months to end-September, will start paying the dividend on November 10.
UAE electronics market poised to grow
The Dubai Chamber of Commerce and Industry has released a report highlighting the contribution of the consumer electronic goods market to the economy of the country in light of the fact that PCs, notebooks and accessories make up the dominant share of consumer spending in 2008. The report said the UAE domestic consumer electronics market is expected to increase in value to $3.9bn by 2013. It is expected that increased demand will be driven by popularity of 3G mobile handsets, smart-phones, notebooks, big screen LCDs and other new devices
Gitex Shopper show opens
HH Sheikh Majid Bin Mohammed Bin Rashid Al Maktoum, Chairman of the Dubai Culture and Arts Authority, has officially launched Gitex Shopper and Consumer Electronics Expo. Gitex Shopper will run until October 24, 2009 with more than 160 participating companies from eight different countries.
Dell launches Inspiron 11z
Dell has announced the launch of its thinnest and lightest Inspiron laptop, the Inspiron 11z, at Gitex Shopper. The new laptop features 11.6" High Definition LED display, Dell's new Floating Touchpad with multi-touch controls, HDMI connector, Ultra-low voltage Intel processor, 2GB RAM, 160 GB HDD and an optional six-cell battery with over six hours battery life. The new Inspiron 11z is also available the Dell Store in Dubai Mall and retailers across the region.
Spinneys opens branch in DIP's Ewan Residence
Grocery chain operator Spinneys Dubai has opened a new branch within Souq Extra at the Ewan Residence in Dubai
Investment Park, Khaleej Times has reported. Spinneys has now a total of 39 outlets in the UAE, including convenience stores. The branch will initially be open from 8am to 10pm.
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