Aline Ashkarian takes the role as Patchi’s General Manager
Chocolate retailer Patchi has announced the appointment of Ms Aline Ashkarian as General Manager of its operations in the United Arab Emirates.
Majid Al Futtaim buys Geant hypermarket franchisee
Majid Al Futtaim, the Middle East operator of French retailer Carrefour, has acquired the franchisee of Geant hypermarkets in the UAE, Bahrain and Kuwait.
Benoit Lamonerie takes the helm at Marka
Marka, a retail focused company listed on the Dubai Financial Market, has announced the appointment of Benoit Lamonerie as its new Chief Executive Officer.
Emaar Malls acquires majority stake in Namshi
Emaar Malls has announced the acquisition of a majority stake in online fashion retailer Namshi for USD 151 million.
Marka announces full-year 2016 results
Marka PJSC, the first retail-focused listed company in the UAE, released its audited full year 2016 financial results.
Amazon wins battle to acquire online retailer Souq.com
Amazon today announced that it has reached an agreement to acquire Souq.com, the leading online retailer in the Arab region.
Qatar’s Al Meera Group reports 23% profit increase
Qatar’s Al Meera Group releases its 2016 financial results including its highest annual sales of QAR 2.6 billion and net profit of QAR 199.2 million.
Souq.com launches online store with six million books
Souq.com announces the launch of its latest category ‘Global Bookstore’ enabling customers access to over six million books.
Bahrain Duty Free 2016 revenue grows to USD 76.5 million
Bahrain Duty Free has reported gross revenues of USD 76.5 million for 2016, up 2.6 per cent from 2015, and operating profit of USD 12.6 million.