United Arab Emirates news & analysis

09 September 2019
UAE-based Majid Al Futtaim Retail, a subsidiary within the wider Holding Group, reported ‘ flat revenue growth ’ during the first half of its financial year. Revenue growth driven by new stores Majid Al Futtaim Retail said it generated revenue of AED14.6 bn (US$4.0 bn) in the first six months of the year. It said revenue growth had been driven by the opening of new stores, especially in Egy...
14 August 2019
A.S. Watson is planning to enter UAE via its Watsons banner in 2020. Talks with potential partners A.S. Watson has held initial talks with potential partners in UAE. Malina Ngai, A.S. Watson’s Group COO, said UAE is appealing market because of shoppers’ knowledge about international beauty products. Likewise, Saudi Arabia, where the group could expand to next. In reference to UAE, Ngai, ...
07 August 2019
As LuLu, Al Othaim and Adnoc announce they are to continue their expansion, we round up news from the region. Majid Al Futtaim renews MoU for locally grown products UAE-based Majid Al Futtaim has renewed its Memorandum of Understanding (MoU) with the locally based Ministry of Climate Change and Environment (MOCCAE). The MoU sees Majid Al Futtaim commit to promote and sell locally grown agri...
26 July 2019
As Majid Al Futtaim looks to grow the presence of the Carrefour band in Egypt and Bahrain and Enoc adds a new service station in the UAE, we round up news from the region. Majid Al Futtaim to expand Carrefour banner in Egypt… Carrefour Egypt’s country manager, Jean Luc Graziato, has said Majid Al Futtaim is aiming to open four new Carrefour stores in Egypt in coordination with the country’s...
03 April 2019
As UAE-based LuLu and Majid Al Futtaim and Qatar-based Al Meera discuss their expansion plans for 2019 and into the short term, we round up news from the region. LuLu sets out expansion plans… UAE-based LuLu is aiming to open 32 hypermarkets in 2019. The retailer has said it is looking to expand in GCC countries, where it aims to add 29, including 12 in the UAE, in addition to the 87 it cur...
29 March 2019
As AliExpress and LuLu launch new promotions, competition rises online and in grocery retailing more widely in the UAE we round up news from the region. AliExpress celebrates anniversary in Saudi Arabia… To mark its ninth year of operation in the country, AliExpress is set to launch an anniversary sale that will enable shoppers to enjoy discounts of up to 50% across a range of 100m products...
01 October 2018
Circle K UAE will celebrate its 10 th year operating in the UAE by expanding its convenience store network. The retailer hopes to operate 100 convenience stores by the end of 2019. Target tourist and commercial locations Circle K UAE is planning to expand its network within the next five years. The retailer currently operates 35 convenience stores in the UAE and hopes to reach a total of 1...
03 September 2018
Despite ecommerce not making as significant a breakthrough in the Middle East as other regions, the channel is developing. We look at the latest evolutions online and how growth is gaining momentum. Noon launches grocery service The ever-expanding online platform Noon has announced it will now deliver groceries. The retailer is looking to sell a wide range of products focusing on pre...
06 August 2018
UAE-based Majid Al Futtaim has achieved positive results for H1 2018. We look at the retailer’s performance in detail and its plans for H2 and beyond. Growth in a challenging environment Majid Al Futtaim’s revenue increased 13% year-on-year to AED17.8 bn (US$4.8 bn) in H1 2018. This increase was driven mainly by expansion. The strong results come despite the challenging macroeconomic env...
31 July 2018
UAE-based fuel provider ADNOC announced it would be rebranding some of its forecourt stores to the Géant banner in March 2018. Five stores have now been converted. We look at this in more detail. Improving shopper experience ADNOC is looking to enhance shopper experience with greater choice and improved service in these stores. Alongside Géant, it is partnering with Urban Foods. Both ...