February 3rd, 2016 | 0 commentsMobile app MallMate has published usage data on top trending shopping experiences during the Dubai Shopping Festival (DSF), which wrapped up on Monday, indicating that Mall of the Emirates was the most popular shopping mall in Dubai during the festival. The app covers over 50 malls in the UAE and over 200 malls globally. It allows users t...
February 2nd, 2016 | 0 commentsMajid Al Futtaim, the Dubai-based shopping mall, retail and leisure firm, said on Monday that revenue grew by 8 percent to AED27.3 billion ($7.43 billion) during 2015. The company said in a statement that group EBITDA increased by 6 percent compared to the previous year, reaching AED3.8 billion. Performance was largely driven by continued...
February 2nd, 2016 | 0 commentsShoppers could have snapped up between 9 to 11 tonnes of gold and gold jewellery at stores in the UAE through the first month of the year, with retailers in Dubai accounting for as much 8 tonnes. These sales estimates are in line with the take-up rates in January last year, despite the extremely difficult circumstances the wider retail se...
January 26th, 2016 | 0 commentsThe UAE’s equity markets are expected to see some IPO (Initial Public Offering) activity this year after a relatively quiet 2015 that was marred by negative sentiment and weak liquidity. According to Obaid Al Zaabi, acting chief executive officer of Emirates Securities and Commodities Authority (Esca), the companies expected to float thei...
January 26th, 2016 | 0 commentsGo for a brand new physical store or expand on the virtual presence? Tech gadget retailers in the UAE — and elsewhere — have to wrestle with these starkly divergent options to map out their expansion plans. And, as yet, there are no clear-cut answers. Which is why retailers seem to find it best to have a foot in both camps. “Keeping in mi...
January 12th, 2016 | 0 commentsMidway Supermarket participates in ‘Shop Bahrain’ the largest event in the Kingdom as a Gold retail outlet. In line with the retail outlets participation, Midway Supermarket shoppers will receive three points for every one Bahraini Dinar spent at the outlet under the ‘Shop Bahrain’ electronic Loyalty System when they spend 10 Bahraini Din...
