The Group reported a 12% increase in EBITDA to $1.25 billion.

Logistical adaptations, strategic planning, and forecasting essential for addressing the unique demands of increased consumption during Ramadan, says Aramex's Tarek Abi Yaghi.

DUBAI, UAE – Jebel Ali Free Zone (Jafza) is a major contributor to the growing trade between India and the UAE. There's been a significant increase in Indian businesses setting up there, with 28 percent more new companies in 2023 compared to the previous year. This resulted in over 190...

High interest rates benefitted the British lender and banking sector as a whole.

According to Tatiana Leskova, Associate Director of Corporate Ratings at Standard and Poor's Global Ratings that the global economy while remaining subdued, operating at subpar growth levels, S&P estimates that UAE GDP expanded at over 3 percent in 2023, including close to 6 percent growth for the non-oil sector”.

Madinah, Saudi Arabia -- The number of existing electronic-commerce records in Madinah reached 1,834 during the 4th quarter of 2023, registering a slight increase of 2.6 percent from the 1,792 records for the third quarter, according to official figures. According to the business sector bulletin for the 4th quarter of...

MBC Group runs a group of TV and radio channels.

The expected injection of billions of dollars into the retail business through sale of varied items can turn out to be a much-needed boost for a sector experiencing "sales fatigue."

The expected injection of billions of dollars into the retail business through sale of varied items can turn out to be a much-needed boost for a sector experiencing "sales fatigue."

Stora Enso registered a loss of $272m euros in Q2 2023.

"The growth of the FMCG industry is closely tied to population growth, urbanization, and rising disposable incomes. The sector is a crucial indicator of a country's overall economic health. A thriving FMCG sector is often a sign of strong consumer confidence and increased spending, which are essential for sustained economic...

Profit fell due to anemic M&A market, weakness in trading.

The region, rich in history and culture, is expected to accumulate substantial global AI benefits, reshaping its traditional sectors and driving innovation, reports suggest.

The region, rich in history and culture, is expected to accumulate substantial global AI benefits, reshaping its traditional sectors and driving innovation, reports suggest.

Official data show a 6.1 percent growth in non-oil GDP during the first quarter of 2023, driven by strong performances in construction, wholesale and retail trade, transportation and storage, and financial and insurance services. The non-oil GDP (at constant prices) reached AED 146bn ($39.74bn) in Q1 compared to AED 137.7bn...

XR technologies -- encompassing AR, VR, and MR -- are rapidly gaining traction across diverse sectors in the Gulf region, including academic, entertainment, and gaming.

Two thirds of Walmart sales originate from US.

Retail sales in the United States returned to growth in April fueled by a rebound in motor vehicle sales, data released showed, but not by as much as many expected. The US Federal Reserve has hiked interest rates 10 times in a row since last year in a bid to...

The company posted a net profit of $104 million for the quarter.

The UAE-based exchange house said the number of ordinary shares has been increased from 37.50 million to 56.25 million. But the total size of the IPO— 750 million shares, equivalent to 10 percent of the Group’s issued share capital—remains unchanged.

The Group reported a 12 percent increase in revenue.

Lack of relevant skills, constant innovation in a highly disruptive world while keeping in mind budget constraints and cybersecurity remain their key concerns, says an expert.

Property markets benefit as an increased demand for tourists and the rise in government spending on infrastructure projects drive the post-pandemic recovery in the region.

The external e-commerce players, projected to grow by 19.2 percent from 2022 to 2026, are expected to capture a share of 34 percent of the total online shopping in the UAE.

While 2022 saw record levels of demand for commercial office space as a result of ‘Programme HQ’, 2023 looks set to be dominated by the delivery of high quality residential-led mixed use schemes and a continued focus on tourism, leisure and entertainment projects, adds Burch, Partner and Head of Real...

At the moment, the market is solidly Dubai, which is recognised as the world leader in branded residential offerings with all eyes on the city’s upcoming openings. The slower approach of Abu Dhabi will be something to watch as it makes large-scale investments into the luxury sector, he adds.

There’s a critical mass of shoppers who talk of making a difference with their purchases. Consumers are willing to pay more for products with a positive environmental impact or health benefits. For younger people millennials in particular, sustainable shopping is a mainstream preoccupation, they add.

Agile brands, especially luxury ones with sizeable marketing budgets, have readily tapped into the metaverse, creating exclusive NFTs and new revenue streams, says an expert.

Profit is 15 percent lower than in the same period last year

The sector gains meteoric traction, largely due to structural shift in consumer interests and partly because of the pandemic-induced accelerated digitalization, says an expert.

Seven industries - advanced manufacturing services, retail, banking, energy, healthcare, consumer products, and automotive - are poised to be the key gainers, says a report.

Doha, Qatar-- Business activity in Qatar has accelerated in December as the FIFA World Cup went on through the month. The latest Purchasing Managers' Index (PMI) survey data from Qatar Financial Centre (QFC) indicated further rapid growth of business activity in December. As was the case in November, wholesale, retail,...

Amazon, and its software, will be forbidden from analyzing non-public third-party seller data, and will treat all sellers equally when deciding which offer to put in the best screen location. Sellers will also be allowed to choose their own delivery firm, rather than being obliged to use the service chosen by...

Diverse line-up of movies features local stories from new and established storytellers from Saudi Arabia, Egypt, Lebanon and UAE.

The US economy grew more than initially reported in the third quarter this year, with government data released Wednesday reflecting upward revisions to retail spending and some forms of investment. GDP growth in the July to September period came in at 2.9 percent, annualized, better than the 2.6 percent figure...

ABU DHABI, UAE - Abu Dhabi Islamic Bank (ADIB) announced that its retail customers were able to conveniently participate in the subscription of initial public offerings (IPOs) that were issued this year through its mobile app. ADIB said that 80 percent of clients subscribed IPOs that were issued in 2022...

As the world gears up for the FIFA World Cup 2022 in Qatar, the positive ripple effect is being felt in the business fraternity across the Gulf region, especially in the UAE.

Settlement on opioid cases hit earnings of the firm.

Even as the retail industry is facing unprecedented challenges, the stars are aligning to deliver another "unprecedented" holiday season, a latest report points out.

Innovations poised to have an important impact on the sustainability of seven industries: advanced manufacturing services, retail, banking, energy, healthcare, consumer products and automotive. Banks, for example, continue to create new forms of greener, impact-driven products and services, he adds.

Experts attribute the main reasons for the increase in the real estate demand to the UAE government's numerous initiatives and the high income level of investors.

RIL's core oil-refining business hit overall profits.

Participants were taken on an immersive space journey to a detailed metaverse city on the Red Planet.

The EBITDA rose 18 percent from $435 million a year ago.

Market experts predict a hard summer for the GCC retail industry as rising costs keep shoppers away from malls and stores amid soaring inflation and high cost of fuel.

Post pandemic, the logistics sector is best placed to support e-commerce businesses in tapping the unlocked potential of the large and still untapped market. The Middle East, which is continuing to experience rapid growth in e-commerce, may get an additional push from the logistics sector, she adds.

The Dubai developer will sell its online retailer for $335.2m.

Savola wants to focus on core food and retail businesses.

Canada Cartage provides national fleet solutions.

From optimizing the purchasing ecosystem to driving personalization and developing schemes that help consumers with finance management, retailers must work harder.