December 6th, 2018 | 0 commentsUnion Coop, the largest consumer cooperative across the UAE, has launched a temporary branch in the winter camps area in Dubai to provide visitors with supplies. This branch in Al Tayy area is considered the first in the Middle East region to be open in an area specified for camping, being an addition in the retail sector, according to a...
December 3rd, 2018 | 0 commentsUS sportswear giant Nike announced that it will open its Middle East’s largest store in the emirate of Dubai over the coming period. Spanning 35,000 square metres, the new store will be located in the Dubai Mall, according to the Government of Dubai Media Office's (GDMO) official Twitter account. The UAE and Nike have not determined the d...
December 2nd, 2018 | 0 commentsNike has opened the doors of its brand-new store at The Dubai Mall in partnership with local distributor Sun and Sands Sports. Based near Beaverton, Oregon (US), Nike is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activit...
November 28th, 2018 | 0 commentsSaudi Arabia-based Jarir Marketing Co. announced the opening of a showroom in Al-Kharj Governorate with total investments of SAR 24 million ($6.4 million). This showroom is the 45th of the firm in the kingdom and is its 54th of total showrooms in Saudi Arabia and abroad, according to a statement to the Saudi Stock Exchange (Tadawul). Span...
November 19th, 2018 | 0 commentsBahrain is gearing up towards hosting the 11th Global Entrepreneurship Congress in April 2019, said Bahrain's labour fund Tamkeen chief executive Dr Ebrahim Mohammed Janahi. Janahi noted that Bahrain was named host country for the congress at a special event held at United Nations Headquarters in New York, US. The Bahrain chapter of Globa...
November 19th, 2018 | 0 commentsEgypt Free Shops on Sunday reported a 69% year-on-year rise in consolidated profits for the first quarter of fiscal year 2018/2019. Net profit reached of EGP 35.7 million in the three-month period ended September, compared to EGP 21.16 million in the same quarter a year earlier, according to a statement to the Egyptian Exchange (EGX). Rev...
November 12th, 2018 | 0 commentsAgility Public Warehousing, dual-listed on Boursa Kuwait and the Dubai Financial Market (DFM), on Sunday reported a 12.3% year-on-year rise in profits for the third quarter of 2018. Net profit totalled KWD 20 million ($66 million) in the three-month period ended September, versus KWD 17.8 million ($58.7 million) in Q3-17, according to a f...
November 12th, 2018 | 0 commentsRubex International for Plastic and Acrylic Manufacturing on Sunday posted a 62.3% year-on-year decline in profits for the first nine months of 2018. Net profit reached EGP 2.06 million in the January and September period of this year, versus EGP 5.47 million in the same period last year, the company said in a filing to the Egyptian Excha...
November 7th, 2018 | 0 commentsSaudi Arabia-based Savola Group on Tuesday announced turning to loss during the third quarter of 2018, against generating profit in the year-ago period. Savola’s net losses after calculating Zakat and Tax amounted to SAR 50.7 million ($13.52 million) during Q3-18, against a profit of SAR 829 million ($221.01 million) in Q3-17, according t...
November 5th, 2018 | 0 commentsRas Al Khaimah Ceramics (RAK Ceramics) on Sunday said its profits fell 48% year-on-year in the third quarter of 2018. The company's profits amounted to AED 38.4 million down from AED 74.3 million in Q3-17. As for the nine months to September, RAK Ceramics profits dropped 40% to AED 139.3 million from AED 230.3 million in the corresponding...
