United Arab Emirates news & analysis

17 November 2016
As UAE-based LuLu opens an export facility in the US, Qatar-based Al Meera announces the resignation of its chief executive and a new ecommerce retailer declares it will it open in 2017, we round up news from the region. LuLu opens export facility in US Through its wholly owned subsidiary Y International, LuLu has opened a food processing and logistics plant in New Jersey. The company said ...
01 November 2016
As UAE-based Majid Al Futtaim and LuLu set out expansion plans, Saudi Arabia-based Savola, which owns the Panda chain, and Qatar-based Al Meera announce third quarter results, we round up news from the region. LuLu continues expansion across the region Sustaining its pace of expansion, UAE-based LuLu has announced a number of initiatives to grow its presence across the region. The retailer ...
19 October 2016
Carrefour has reported third quarter sales of EUR21.8bn, up 3.6% excluding petrol. Improvements at large stores in France Carrefour's like-for-like sales were up 1.2% in Q3. Hypermarket sales fell 1.0% although this is an improvement compared to the second quarter. Like-for-like sales increased at supermarkets and convenience. Carrefour continues to transform the DIA stores. It re-opened 12...
13 October 2016
WH Smith's financial results for the year ending 31 August 2016 show a positive overall performance, driven by the retailer's travel business. Total group sales up 3% Total sales at WH Smith rose 3% year-on-year to £1.212bn, with like-for-like sales for the group up 1%. The retailer's travel business has driven this performance, with total sales up 10% and like-for-like sales up 4%. By cont...
25 August 2016
As Qatar-based Al Meera and Kuwait-based Sultan Center release H1 results and UAE-based The Fathima Group and Enoc announce expansion plans, we round up news from the region. Fathima Group sets out expansion plans The Fathima Group is set to invest AED270m (US$73.5m) in the opening of seven hypermarkets and the building of a new production plant. The company said spend AED200m (US$54.4m) o...
03 August 2016
UAE-based, Carrefour franchisee Majid Al Futtaim has announced first half results saying revenue rose 11% year-on-year to AED15.2 bn (US$4.1 bn). The company’s EBITDA rose slightly slower, at 7% to AED1.9 bn (US$517.2m), as it maintained its investment programme to expand its brands across the Middle East and North Africa. Majid Al Futtaim Retail underpinning H1 growth The company said its ...
28 July 2016
Carrefour has reported first half sales (inc VAT) of EUR40.6bn, with "resilient sales" in France and Europe and "very strong growth" in emerging markets. Investing in multi-format model Carrefour opened 410 stores in the first half, across convenience, supermarkets, cash and carry, and hypermarkets. Convenience is a key format for development - it accounted for the vast majority of ...
27 June 2016
As UAE-based LuLu enters another new market, Majid Al Futtaim announces plans to invest further in its home market and Qatar-based Al Meera works with the government to help shoppers be better informed about healthy meals, we round up news from the region. LuLu enters another new country: Malaysia UAE-based LuLu has opened its first store in Malaysia, in the CapSquare, Jalan Munshi area of ...
15 June 2016
As UAE-based LuLu enters Indonesia and France-based Casino announces plans to add Leader Price stores in Morrocco and LuLu and UAE-based Majid al Futtaim discuss expansion plans in existing markets, we round up news from the region. LuLu expands in Saudi Arabia… LuLu has opened its seventh hypermarket in Saudi Arabia, a c. 18,500 sq. m store in the Amir Fawaz district of Jeddah. At the stor...
25 May 2016
As UAE-based Majid Al Futtaim announces investment plans for Oman, new entrants within the online channel in the UAE emerge and Saudi Arabia sets out its plans for charging VAT, we round up news from the region. Majid Al Futtaim to invest further in Oman… UAE-based Majid Al Futtaim is to increase its investment in Oman to OMR705m (US$1.8 bn) by 2020. The money will be spent on the Mall of O...