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.
Al Ghunaim Trading Company has signed an agreement with South African seafood chain Ocean Basket to open five restaurants in Kuwait.
Saudi Arabian retail giant Fawaz Abdulaziz Alhokair and Company has appointed Atul Singh as its new CEO, effective April 1, 2017.
At the heart of Saudi Arabia’s retail growth has been Arabian Centres, the country’s largest mall operator, with 19 shopping centers in major cities.