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Masafi revenue up 35% in Q1
Masafi, a UAE-based pure mineral water manufacturer, announced that it has registered net revenues of Dhs73m ($19.9m) during the first quarter of 2008, an increase of 35% compared to the Q1 of last year. The company attributed the spurt in the first quarter revenues to the launch of the 4-Gallon water bottle. In the last two years, Masafi was able to double its revenue through the addition of new product lines such as juices, flavored water and the entry in to the Gallon Water Business, the company said.
United Arab Emirates: Wednesday, April 16 - 2008 at 09:52

Leviev plans two Dubai stores in 2008
Leviev, one of the world's most exclusive diamond jewellery stores, is opening two new stores in Dubai in 2008, a statement said. One Leviev store will be a flagship boutique located in the Dubai Mall, which is currently under construction and set to be open in late August. The other will be a Leviev mini-boutique in the lobby of the Atlantis Hotel resort on Palm Jumeirah, currently scheduled to open in September 2008.
United Arab Emirates: Wednesday, April 16 - 2008 at 08:09

California Pizza Kitchen to launch in Dubai
The first California Pizza Kitchen in Dubai will be launched in the fall of 2008 by Gourmet Gulf Company, a restaurant holding group. Headquartered in Dubai, Gourmet Gulf Company's brand portfolio includes YO! Sushi, Gourmet Burger Kitchen, and Morelli's Gelato.
United Arab Emirates: Tuesday, April 15 - 2008 at 08:50

SouqExtra to set up in DWC
SouqExtra has signed a Memorandum of Understanding with Dubai World Central (DWC) to explore retail development opportunities at DWC Residential City. The retail chain eyes to cater to DWC future residents to provide service as community-focused centres, with integrated primary services such as high-end grocery, kids' play area, fast food outlets, coffee shops, full-fledged gymnasium, salon, photo shop and community hall.
United Arab Emirates: Monday, April 14 - 2008 at 09:40

UAE ranks 8th in global retail
According to a report by CB Richard Ellis, the UAE has now ranked eighth among the Top 15 Most International Retail Markets, cited Gulf News. About 41% of international retailers have been noted present in the emirate. The study identifies India as the most sought-after emerging market.
United Arab Emirates: Saturday, April 12 - 2008 at 09:16

Swedish retailer takes hit after cartoon republications
Swedish-Danish dairy giant Arla Foods said its sales in the Middle East have fallen to half of of projected levels following February's re-publication in Danish media of a set of cartoons depicting the prophet Mohammed, reported Thomson Financial. Astrid Gade Nielsen, the company's group head of communications, said Arla would face a sales decline of 1.3 billion Danish crowns, out of projected global sales of around 50 billion crowns, in 2008, if the trend continues. She added, however, that the trend might turn, and that the effect on the year's result is thus impossible to tell.
Thursday, April 10 - 2008 at 08:20

H&M to open in Egypt
Hennes & Mauritz (H&M), the international fashion retailer, has announced plans to open its first outlet in Egypt. The store will be open on June 5 in Cairo’s exclusive Stars Center mall in the new Citystars development.
Egypt: Thursday, April 10 - 2008 at 08:13

Dubai Mall announces opening date
Emaar Malls Group has announced that it is opening its flagship shopping mall development, The Dubai Mall, on August 28, 2008. One of the world's largest shopping and entertainment destinations, The Dubai Mall has a total internal floor area of 5.9 million sq ft and gross leasable space of 3.77 million sq ft, which is equivalent to the size of 50 football fields put together. The mall will feature over 1,200 stores, including two anchor department stores and 120 food & beverage outlets.
United Arab Emirates: Wednesday, April 09 - 2008 at 14:05