January 16th, 2019 | 0 commentsLG Electronics’ CEO Don Kwak said that his company is committed to pumping new investments worth $ 15 million, which can be increased by expanding the current production lines after the its investments reached about $ 240 million. Kwak pointed out that now is the most appropriate time to invest in Egypt, explaining that the prosperity of...
January 4th, 2019 | 0 commentsDubai Duty Free (DDF) said that its sales hiked 4.3% year-on-year to AED 7.35 billion in 2018. By the end of December 2018, the airport retailer announced that it surpassed the $2 billion milestone, Arabian Business reported. Liquor topped selling categories in 2018, followed by perfumes, cigarettes, cosmetics, and electronics, DDF said....
December 30th, 2018 | 0 commentsDubai Duty Free (DDT) has announced the achievement of the targeted AED 7.3 billion ($2 billion) sales early on Saturday. The major target was achieved after Paul and Annelise Christensen, a retired Danish couple, bought an AED 2,000 Nikon D5300 SLR Camera. “We have been tracking the sales figures hour by hour over the past couple of days...
December 28th, 2018 | 0 commentsMisr Oils & Soap - (MOSC) announced in a statement sent to EGX, the Board was convened on December 26. The Misr Oils Board ratified November financial results, which revealed recording revenues of LE515.739 million, versus LE591.388 million a year earlier. Moreover, the company posted LE2.157 million pretax profits, versus LE5.225 mil...
December 20th, 2018 | 0 commentsDubai Duty Free's (DDF) Finest Surprise draw has become a distinctive emblem of the Dubai International Airport, as the attractive draw approaches thirty-fifth anniversary. “It was first suggested to have a private plane as a prize, until the logistical aspects were examined and it was decided that a luxury car would be much easier and th...
December 14th, 2018 | 0 commentsPhilip Morris International (PMI) has invested over $4.5 billion into research, development, and commercialisation of smoke-free products. PMI is looking to offer smokers reduced risk products instead of cigarettes. In its 2017 sustainability report, the leading global cigarette and tobacco manufacturing company revealed that at least 30%...
December 13th, 2018 | 0 commentsAl Meera Consumer Goods Company has said it will inaugurate eight new branches in Doha Metro stations over the next period by collaborating with Qatar Rail Company, chairman Thani Bin Thamer Al Thani said. Al Meera also plans to raise its presence in universities, in addition to opening new offices in Al Shamal region and in other areas,...
December 13th, 2018 | 0 commentsKuwait Finance House (KFH) said that its subsidiary has exited an investment of nearly 92% in New Technology Bottling Company. The exit value stands at KWD 20.13 million ($66.3 million), according to a bourse disclosure on Wednesday. KFH, Kuwait's biggest Islamic lender, will receive about KWD 3.4 million profits realised from this exit t...
December 11th, 2018 | 0 commentsSaudi Arabia-based Almarai Company on Monday announced that its board of directors has recommended distributing SAR 850 million cash dividends, or SAR 0.85 per share, for the full fiscal year of 2018. Distributions represent 8.5% of the share's book value, the food and beverage firm said in a statement to the Saudi Stock Exchange (Tadawul...
December 6th, 2018 | 0 commentsMajid Al Futtaim has launched the world’s first “sail thru” Carrefour store in Dubai. The supermarket will offer about 300 items to customers on Kite Beach, Jumeirah Public Beach, and Al Sufouh Beach including hot and cold snacks, ice cream, beverages, fresh and dried foods, and non-food items such as sunscreen, the UAE malls and retail f...
