Retail
Discover the latest news from the retail and leisure industries in the Middle East. With up-to-the-minute news, audio and video, see how the industries developments will affect your business and the Middle Eastern economy.
Retail daily news »
Swiss luxury watch sales tumble in UAE
Sales of Swiss luxury watches fell by almost 35% in the UAE in 2009, as imports fell to 438 million Swiss francs (Dhs1.49bn), according to the Federation of the Swiss Watch Industry. However, the country remained in the top 10 markets for Swiss watches, reported the National. The federation said tglobal sales fell 22.4%.- » Samsonite plans Middle East expansion
- » Retailcorp cuts workforce
- » Herfy to open 17 fast food outlets in Saudi Arabia
- » UAE McDonald's sales slow
- » Saudi-German JV to sell home appliances
- » Bloomingdale's opens in Dubai Mall
- » Danube Hypermarket opens second branch in Riyadh
- » Emaar Malls Group launches DSF campaign
- » Istithmar's Barneys offered $50m cash infusion
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Retail press releases
Abu Dhabi to play host to more than 35 leading names in Italian interior design
More than 35 designers and manufacturers representing the best in Italian interior design are set to showcase Italy at a three-day interactive event in the UAE capital, Abu Dhabi, next month from March 4-6, 2010.- » Jumbo Electronics invests Dhs3m during Dubai Shopping Festival 2010
- » Welsh producers look to the east for opportunities at Gulfood 2010
- » Bombardier Recreational Products offers state-of-the-art RXT iS 255 jet ski in Muscat
- » The Bride Show Abu Dhabi 2010 opens
- » Luxury watch maker Hanhart appoints Amiri Gems as distributor for Qatar
- » Equestrian industry set to boom as UAE consolidates its position as a global equine leader
- » Home Centre Kuwait accorded 'Superbrands 2010' status
- » Hag's ability to deliver sustainable seating solutions across UAE strengthens with addition of...
- » Officeland announces participation at the Office Exhibition 2010
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Analysis
Saudi gold consumption tops SR16.5bn
Gold consumption in Saudi Arabia grew last year by 17% in terms of value, breaking the SR16.5bn barrier, compared with SR13.8bn in 2007. Conversely, the total demand in terms of weight fell by 4% to 122.4 tonnes. In the fourth quarter of 2008 the kingdom fell to seventh in the world in terms of demand for jewellery and gold jewellery.- » Dubai malls' rental rates face '40% correction'
- » Cairo Festival City hopes to capitalise on Egyptian retail sector
- » Saudi retailing undergoes aggressive expansion
- » Kuwait retail supply lags behind consumer demand
- » Dubai's biggest Mall paves the way for a new shopping era
- » Has the Middle East's retail sector reached maturity?
- » Region takes measures to fight food crisis
- » Virgin eyes Middle East expansion
- » Sweet trends - the chocolate market in Saudi Arabia and UAE
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