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Majid Al Futtaim sells bonds to raise $400m, 5.85% yield
Dubai-based operator of Carrefour stores in the Middle East, Majid Al Futtaim Holding has raised... Read full article »
Saudi eateries no longer allowed to add service charge
The Saudi commerce and industry ministry has instructed restaurants and coffee shops in the... Read full article »
Global food prices easing for now, oil prices could reverse trend
The World Bank has said global food prices are set to decline further in 2012, but warned that a... Read full article »
US fashion brand eyes Gulf growth
US fashion brand, Franklin & Marshall has announced the opening of a new store in Mirdif City... Read full article »
Majid Al Futtaim plans five-year sukuk, 6% profit rate
Majid Al Futtaim plans to issue a five-year dollar-denominated Islamic bond with early profit... Read full article »
Ras Al Khaima stores warned against illegal price hikes
The UAE economy ministry has warned all groceries, supermarkets and hypermarkets in Ras Al... Read full article »
Lulu set to launch expansion drive
Abu Dhabi-based retail firm, EMKE Group has said launched a Dhs1.5bn expansion drive this year... Read full article »
Saudi labour ministry can't close defiant lingerie shops, power elsewhere
The Saudi labour ministry has said it cannot shut down lingerie shops failing to employ Saudi... Read full article »
Majid al Futtaim hits the road to meet investors, pre-sukuk
Dubai-based mall developer, Majid al Futtaim is to begin meeting investors on Sunday ahead of a... Read full article »
UAE plan to liberalise trade in 12 commodities, limit monopolistic system
The UAE government has announced it would liberalise trade in 12 commodities, saying this would... Read full article »
UAE retailers dealy website launches
Large retailers in the UAE are delaying the launch of retail websites to wait for online shopping... Read full article »
Saudi Arabia cracks down on lingerie shops that hire salesmen
The Saudi labour ministry has stopped providing its online services to lingerie shops that have... Read full article »
Qatari retail firm to set up outlets in Oman
Qatari retailer, Al Meera Consumer Goods has signed a memorandum of understanding with Oman's... Read full article »
Burberry growth thanks to Middle East sales and stimulus packages
British fashion brand Burberry has reported double-digit growth, thanks to a rise in Middle East... Read full article »
Intensive promotions and expansion boost Saudi retailer's profits
Saudi retailer, United Electronics Co (eXtra) has announced its full-year net income for 2011 has... Read full article »
