United Arab Emirates news & analysis

25 July 2018
We look at Majid Al Futtaim’s latest expansion plans. Lebanon focus Majid Al Futtaim is planning on investing US$2 bn in the Lebanese market by 2030. The retailer made this announcement after opening a new store in Mount Lebanon. Growing the Middle East business This is part of the group’s overall plans of expansion, which covers 15 countries, with an investment of US$50m over the nex...
13 July 2018
Middle Eastern online retailer Noon is expanding its business into Asia and entering China. It is looking to launch a new grocery delivery service in the market by the end of 2017. We look at these plans in more detail. Who is Noon? Noon launched its online marketplace in October 2017 in the UAE and Saudi Arabia. It sells a wide range of products including electronics, fashion and fo...
13 June 2018
Ecommerce remains small in the Middle East compared to other regions globally. This is however beginning to change. We look at the different views of UAE-based retailers Lulu and Noon as to how quick this change will be. Lulu: investing in the physical store Lulu recently stated it does not see online as a threat to its physical stores. The retailer’s managing director, Yousurf Ali, said “...
30 May 2018
Ramadan is a time of increased spend across all areas of retail, particularly food. In 2018, it started on 15 May and ends on 14 June. We look at what retailers are doing to recognise the event. This includes Spinneys Dubai’s Ramadan range, promotional offers from various retailers and how Ramadan affects online traffic. Spinneys Dubai’s Ramadan range Spinneys Dubai has developed an exclusi...
18 May 2018
The Dubai Chamber of Commerce and Industry has forecast overall retail sales in Dubai will grow 6% to US$44bn by 2021. The factors behind this are increasing tourist numbers and high occupancy in major shopping malls. It has also seen shopper’s confidence increase, with a greater willingness to spend on food and leisure activities. With the overall environment in the UAE improving, we are s...
11 April 2018
UAE-based ADNOC Distribution, a fuel service operator, is planning further expansion in its home market and to enter Saudi Arabia. We look at these plans in more detail. UAE expansion ADNOC currently operates around 360 fuel stations in the UAE, with 235 of these including its convenience store, Oasis. These stores are mainly in Abu Dhabi. It will now enter Dubai, through the opening of ...
19 March 2018
UAE-based ADNOC Distribution has announced plans to rebrand 10 of its forecourt stores to the Géant banner. We look at this in more detail and how forecourts are developing in the region. ADNOC and Urban Foods The Géant stores are a result of an agreement between ADNOC and Urban Foods, which operates Géant in the UAE. Urban Foods will oversee the category management, supply chain and logist...
07 March 2018
We look at the latest news from UAE-based Lulu. This includes international expansion and opening a new warehouse facility. Expansion: India, Indonesia and Saudi Arabia With the recent relaxation of international investment rules in India, Lulu has begun to increase its investment in the market. It opened its first mall in the country in 2013. So far in 2018 the retailer has invested US$300...
05 March 2018
UAE-based Landmark Group has announced the launch of VIVA, a new discount grocery store. We look at this in more detail. 15 stores by 2019 Four new VIVA stores have opened; two in Sharjah, one in Dubai, and one in Ajman. A further 11 are due to open across high density neighbourhoods in the UAE in 2018. Plans also include launching a home delivery service from stores in the future. Focus...
01 February 2018
The retail environment in the Middle East has been challenging throughout 2017. Due to this Majid Al Futtaim’s growth has been slow. We look at the results in more detail and its future strategy. Growth driven by new stores Majid Al Futtaim’s full year revenue for 2017 was AED32.3 bn (US$8.8 bn). This was an 8% increase on 2016. Retail accounted for 80% of this, at AED25.9 bn (US$7.05 bn). ...