United Arab Emirates news & analysis

30 June 2015
A global round-up on latest developments from 7-Eleven including private label, regional expansion and delivery solutions. One hour delivery service launched in US, collaborations in Asia 7-Eleven has launched a new delivery service in San Francisco and Oakland in California, with plans to roll out to other major cities later this year. Orders are made via app and delivered within an hou...
18 May 2015
As UAE-based, EMKE-owned LuLu announces plans to expand in Oman, Al Meera maintains its expansion and the Abu Dhabi Co-operative Society signs an agreement to manage Souq stores in the UAE, we round up the news from the region. LuLu to grow presence in Oman in 2015/16 In separate announcements, EMKE-owned LuLu has said that it opened a new retail complex at Oman’s Defence Ministry, while it...
11 March 2015
With falling oil prices and concerns about economic growth, the outlook for the region appears more uncertain than in recent years. However, as global macro-economic conditions, government and shopper spending is likely to be maintained in the short term, underpinning trends and developments such as further store expansion, the growth of convenience stores and the potential for discounters and c...
05 March 2015
At today's presentation for the 2014 full year results, Carrefour said its action plans were bearing fruit as it confirmed an acceleration in its organic sales growth for the year, up 3.9%. Recurring operating income increased by 7% in Europe and 14.9% in emerging markets. 2014 results confirm growth momentum Carrefour began by giving an update on Georges Plassat's health; the CEO will be b...
17 February 2015
As SPAR opens its first supermarket in Oman, EMKE-owned LuLu continues its expansion and Adnoc adds further forecourts in Abu Dhabi, we round up the news from the region. SPAR opens first stores in Oman SPAR International has announced that in conjunction with local business conglomerate, Khimji Ramdas, it has opened its first stores in Oman, in Muscat. SPAR said that the new stores are par...
11 February 2015
As Majid Al Futtaim (MAF) announces that its chief executive will be stepping down with immediate effect and it firms up market entries for two new countries, we round up news from the company. Chief executive to hand on reins to internal appointment Majid Al Futtaim said that its chief executive, Iyad Malas, would be stepping down with immediate effect following six years in the role and e...
03 February 2015
UAE-based conglomerate Families Group has opened its first convenience store in India and plans to open more throughout 2015. Openings to focus on the state of Kerala Families Group operates grocery stores in the UAE, but plans to expand its Fmart c-store format into southern India. The first store has opened in Kochi, Kerala and there are plans to open another 25 outlets in the state durin...
27 January 2015
UAE-based Majid Al Futtaim (MAF), which holds the rights to the Carrefour franchise in 38 markets across the Middle East, Africa and Central Asia, and operated in 12 countries at the end of 2014, has announced full year results for 2014 saying that revenues in its retail division rose 11% to AED21 billion (US$5.7 billion). The retailer said that sales growth had been aided by the addition of 19 n...
22 January 2015
As Carrefour announces plans for new stores in Egypt, Al Maya, in UAE, Al Meera, in Qatar, and SPAR, in Lebanon, set out expansion strategies for their operations, we round up news from the retailers. Carrefour to grow store presence in Egypt The Egyptian government has confirmed that Majid Al Futtaim, which operates the Carrefour brand in markets in the GCC and nearby, will be adding three...
12 January 2015
Circle K has announced it aims to open 55 stores in the Middle East in 2015 as part of a short term expansion plan that will greatly boost its presence in the region. Majority of new stores to come in UAE Circle K Arabia, which operates in the brand in the region, has said that of the 55 stores, 28 will be opened in the UAE, building on the 38 that it already operates across the emirates. T...