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, the Middle East operator of French retailer Carrefour, has acquired the franchisee of Geant hypermarkets in the UAE, Bahrain and Kuwait.
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 has announced the acquisition of a majority stake in online fashion retailer Namshi for USD 151 million.
Marka PJSC, the first retail-focused listed company in the UAE, released its audited full year 2016 financial results.
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 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 announces the launch of its latest category ‘Global Bookstore’ enabling customers access to over six million books.
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.