Households are turning to quicker and more efficient solutions for their laundry needs as Bahrain embraces the cooler winter months. YK Almoayyed & Sons Electronics and Home Appliances has announced its latest range of Ignis Condenser Dryers. Offering reliability and advanced technology these dryers are designed to meet the demands of every family making laundry care effortless during this winter season. For smaller households Ignis condenser dryer model IGT71CDRW is an energy-efficient solution with a B energy rating and a 7kg capacity dryer. Equipped with sensor drying technology and an anti-crease function it ensures optimal results while saving time and effort. The child lock and delay start timer add extra convenience for busy families. Offering an 8kg capacity and an A energy rating IGT8CDRW model is perfect for medium-sized families. With programmes tailored for eco drying mixed loads and sportswear the reverse tumble action minimises tangling and reduces wrinkles. Its low-noise operation makes it a great choice for late-night drying sessions. The IGT9CDRW boasts a generous 9kg capacity and a highly efficient A energy rating. With heat pump technology this model ensures minimal energy consumption while delivering superior drying performance. Wi-Fi connectivity allows for remote operation and the self-cleaning condenser simplifies maintenance for long-lasting reliability. Ignis Condenser Dryers are also equipped with advanced sensor technology that adapts to moisture levels ensuring efficient drying and care for all fabric types. From delicate wool sweaters to sportswear these dryers are designed to keep your wardrobe in pristine condition. Speaking on Ignis Condenser Dryers YKA Electronics and Home Appliances Division business head A C Dilip said: The Ignis range of condenser dryers has been developed to address the specific needs of households in Bahrain especially during the winter season. With energy-efficient solutions advanced drying programmes and thoughtful features Ignis dryers offer unmatched convenience and reliability. YKA is committed to bringing innovative home appliances that enhance everyday living for our customers. Ignis Condenser Dryer range is available at YKA Electronics and Home Appliances showrooms in Manama: 17211881 and Gudaibiya: 17742656 as well as online at www.shopalmoayyed.com. It can also be purchased from major supermarkets power retailers and dealer outlets across Bahrain.
Read MoreThe Toshiba C450MW Quantum Dot 4K Smart TV aims to bring a spectacular viewing experience to Bahrain by combining Toshiba s renowned engineering with breakthrough Quantum Dot technology. Y K Almoayyed & Sons (YKA) has unveiled the latest in premium television technology designed to redefine home entertainment standards. The C450MW offers a stunning 4K Quantum Dot display which enhances colours contrast and detail. With four times the resolution of full high definition (HD) each pixel delivers crisp visuals while Quantum Dot technology brings depth to every shade displaying a rich spectrum of colours that transform scenes into lifelike experiences. From the vibrant reds to the deep blues the C450MW ensures that colours pop making it ideal for movie lovers sports enthusiasts and avid gamers alike. Further elevating its place in the market it is fully equipped with HDR10 and Hybrid Log-Gamma (HLG) support. This dual HDR system boosts both brightness and contrast delivering intricate details in every scene from the darkest shadows to the brightest highlights. These features distinguish this entertainment TV from conventional 4K models as it provides superior image quality clarity and vibrancy for a truly immersive experience. We re thrilled to introduce the Toshiba C450MW to our customers in Bahrain. With its Quantum Dot technology and intelligent design this model brings a whole new level of quality to home entertainment said YKA Electronics and Home Appliances Division business head AC Dilip. At Y K Almoayyed & Sons we prioritise bringing our customers reliable high-performance products that enrich their lives. The C450MW stands as a testament to Toshiba s commitment to innovation and our dedication to offering only the best to our customers. The Toshiba C450MW offers a powerful smart interface granting viewers instant access to a vast library of content from popular streaming services including Netflix YouTube and Amazon Prime Video. The built-in voice control and intuitive navigation add convenience making it simple to browse and enjoy a wide variety of content without additional devices. Crafted with a sleek minimalist design it features slim bezels and a streamlined profile blending style with functionality. It s an aesthetic centrepiece for any room suited to elevate the modern home. The Toshiba C450MW s Dolby Audio integration offers clear and dynamic sound quality that matches the visual excellence of the display. With enhanced sound clarity balanced bass and immersive audio viewers are treated to an engaging experience that completes their entertainment setup. In the competitive market of 4K televisions the Toshiba C450MW Quantum Dot TV stands out for its combination of innovative display technology powerful smart features and elegant design added a YKA company spokesperson. The company invites customers in Bahrain to experience the future of home entertainment with the Toshiba C450MW an investment in both quality and technology. For more information visit YKA Electronics and Home Appliances showrooms in Manama: 17211881 and Gudaibiya: 17742656 as well as online at www.shopalmoayyed.com and major supermarkets and retailers.
Read MoreGlobally-renowned brand Panasonic is now offering its premium range with an extended three-month warranty to Bahrain customers who purchase and register their products through the Panasonic Smart Care App. The range includes Panasonic energy-efficient refrigerators top-load washers powerful vacuum cleaners irons garment steamers and a wide variety of personal care products for both men and women. Speaking on the brand the spokesperson of Y K Almoayyed and Sons (YKA) Electronics and Home Appliances the distribution partner of Panasonic in Bahrain said: Panasonic is not just another brand it is synonymous with excellence bringing the perfect blend of innovation and durability to your home. Whether you re benefiting from the energy-saving inverter technology in their refrigerators or achieving professional results with personal grooming tools every Panasonic product reflects an unwavering commitment to superior performance and long-lasting quality. What truly sets Panasonic apart in today s competitive market the company says is its premium craftsmanship and a user-centric design that guarantees reliability over time. Panasonic s top-load washers for instance are built to maximise efficiency reducing both water and energy consumption while their small domestic appliances like iron and garment steamers are designed for everyday convenience and durability; making life easier for modern households. YKA Electronics and Home Appliances Division business head A C Dilip said: Panasonic is more than just a household name it s a premium brand that promises quality and trust. We are delighted to bring Panasonic s innovative products to the Bahraini market where consumers can experience first-hand the brand s dedication to creating smart reliable solutions. By offering an extended warranty through the Panasonic Smart Care App we are emphasising our confidence in the durability and excellence of Panasonic products. Get your Panasonic products at YKA Electronics and Home Appliances showrooms in Manama (17211881/66396241) or Gudaibiya (17742656/663965761) or online at www.shopalmoayyed.com. Panasonic products are also available in major supermarkets and power retailers across Bahrain.
Read MoreImagine bringing home a brand-new state-of-the-art television or air conditioner without the worry of paying a hefty upfront cost. Y K Almoayyed and Sons (YKA) Electronics and Home Appliances has partnered with FLOOSS Bahrain s first Sharia-compliant digital financing platform to offer customers a more convenient and affordable way to purchase their desired home appliances. With FLOOSS customers can now enjoy the luxury of spreading the cost of their purchases over a period of time making it easier to fit their new appliance into their budget. Whether you re a new homeowner a newlywed or a young professional FLOOSS offers a hassle-free way to upgrade your living space without breaking the bank. The process is simple. Just visit one of YK Almoayyed and Sons showrooms and select the appliance you want. Apply for FLOOSS financing which offers instant digital approval and walk away with your purchase on the same day. Whether it s the latest Toshiba SMART TV a Panasonic refrigerator a Super General air conditioner a Glemgas Cooker or any other top-rated appliance our clients can now buy with confidence and no financial stress said YKA Electronics and Home Appliances Division business head AC Dilip. Our showrooms are filled with a wide variety of electronics and appliances and with FLOOSS s instalment plans they re more accessible than ever. So if you re ready to upgrade your home visit YKA Electronics and Home Appliances showroom located in Manama (17211881/66396240) or Gudaibiya (17742656/66396571).
Read MoreA golden partnership has switched on the kingdom to the reliability and product quality appreciated the world over as a touch of cool kaizen . For five decades Y K Almoayyed & Sons (YKA) has been a trusted distribution partner of Toshiba continuing to provide Bahrain s households with premium Japan-quality home appliances. Toshiba s refrigerator range for example stands as a testament to the brand s long standing reputation for reliability innovation and durability making it the preferred choice for families across Bahrain said a brand representative. Since its introduction to the Bahrain market more than 50 years ago Toshiba has consistently delivered high-quality home appliances that are renowned for being built to last . Through YKA the brand s exclusive distributor Toshiba refrigerators have earned the trust of households by offering advanced features that provide superior cooling efficiency energy savings and enhanced food preservation in comparison to many other brands. The concept of continuous improvement however known as kaizen is a fundamental aspect of Japanese culture. The pursuit of perfection and the desire to constantly refine and enhance processes and products are deeply embedded in the Japanese work ethic. One of the key factors that distinguish Toshiba refrigerators is its uncompromising commitment to quality and durability. Featuring cutting-edge technology such as Inverter Compressors Toshiba refrigerators not only keep food fresher for longer but also contribute to lower energy consumption helping families save on their electricity bills. Additionally the sleek modern designs ensure the items fit seamlessly into any kitchen aesthetic. Toshiba offers an industry-leading 12-year warranty on compressors providing consumers with peace of mind and long-term assurance of reliability. YKA Electronics and Home Appliances Division business head AC Dilip expressed his pride in the continued success of the Toshiba refrigerator range: Toshiba has been a household name in Bahrain for over five decades and its refrigerators continue to be the brand of choice for families who prioritise quality durability and energy efficiency he said. With our 12-year compressor warranty and superior cooling technology Toshiba remains committed to bringing the best of Japan s craftsmanship to Bahraini homes. We are proud to partner with Toshiba to offer products that deliver unmatched value and peace of mind. Toshiba s refrigerators are available in a wide range of sizes and configurations catering to the varying needs of households. Whether it is for a large family or a compact living space Toshiba s reputation for innovation quality and performance continues to make it the top choice in Bahrain s competitive home appliance market. n Shop for a Toshiba refrigerator at YKA Electronics and Home Appliances showrooms in Manama: 17211881 and Gudabiya: 17742656 as well as online at www.shop.almoayyed.com and major supermarkets and retailers.
Read MoreHouseholds are turning to quicker and more efficient solutions for their laundry needs as Bahrain embraces the cooler winter months. YK Almoayyed & Sons Electronics and Home Appliances has announced its latest range of Ignis Condenser Dryers. Offering reliability and advanced technology these dryers are designed to meet the demands of every family making laundry care effortless during this winter season. For smaller households Ignis condenser dryer model IGT71CDRW is an energy-efficient solution with a B energy rating and a 7kg capacity dryer. Equipped with sensor drying technology and an anti-crease function it ensures optimal results while saving time and effort. The child lock and delay start timer add extra convenience for busy families. Offering an 8kg capacity and an A energy rating IGT8CDRW model is perfect for medium-sized families. With programmes tailored for eco drying mixed loads and sportswear the reverse tumble action minimises tangling and reduces wrinkles. Its low-noise operation makes it a great choice for late-night drying sessions. The IGT9CDRW boasts a generous 9kg capacity and a highly efficient A energy rating. With heat pump technology this model ensures minimal energy consumption while delivering superior drying performance. Wi-Fi connectivity allows for remote operation and the self-cleaning condenser simplifies maintenance for long-lasting reliability. Ignis Condenser Dryers are also equipped with advanced sensor technology that adapts to moisture levels ensuring efficient drying and care for all fabric types. From delicate wool sweaters to sportswear these dryers are designed to keep your wardrobe in pristine condition. Speaking on Ignis Condenser Dryers YKA Electronics and Home Appliances Division business head A C Dilip said: The Ignis range of condenser dryers has been developed to address the specific needs of households in Bahrain especially during the winter season. With energy-efficient solutions advanced drying programmes and thoughtful features Ignis dryers offer unmatched convenience and reliability. YKA is committed to bringing innovative home appliances that enhance everyday living for our customers. Ignis Condenser Dryer range is available at YKA Electronics and Home Appliances showrooms in Manama: 17211881 and Gudaibiya: 17742656 as well as online at www.shopalmoayyed.com. It can also be purchased from major supermarkets power retailers and dealer outlets across Bahrain.
Read MoreThe Toshiba C450MW Quantum Dot 4K Smart TV aims to bring a spectacular viewing experience to Bahrain by combining Toshiba s renowned engineering with breakthrough Quantum Dot technology. Y K Almoayyed & Sons (YKA) has unveiled the latest in premium television technology designed to redefine home entertainment standards. The C450MW offers a stunning 4K Quantum Dot display which enhances colours contrast and detail. With four times the resolution of full high definition (HD) each pixel delivers crisp visuals while Quantum Dot technology brings depth to every shade displaying a rich spectrum of colours that transform scenes into lifelike experiences. From the vibrant reds to the deep blues the C450MW ensures that colours pop making it ideal for movie lovers sports enthusiasts and avid gamers alike. Further elevating its place in the market it is fully equipped with HDR10 and Hybrid Log-Gamma (HLG) support. This dual HDR system boosts both brightness and contrast delivering intricate details in every scene from the darkest shadows to the brightest highlights. These features distinguish this entertainment TV from conventional 4K models as it provides superior image quality clarity and vibrancy for a truly immersive experience. We re thrilled to introduce the Toshiba C450MW to our customers in Bahrain. With its Quantum Dot technology and intelligent design this model brings a whole new level of quality to home entertainment said YKA Electronics and Home Appliances Division business head AC Dilip. At Y K Almoayyed & Sons we prioritise bringing our customers reliable high-performance products that enrich their lives. The C450MW stands as a testament to Toshiba s commitment to innovation and our dedication to offering only the best to our customers. The Toshiba C450MW offers a powerful smart interface granting viewers instant access to a vast library of content from popular streaming services including Netflix YouTube and Amazon Prime Video. The built-in voice control and intuitive navigation add convenience making it simple to browse and enjoy a wide variety of content without additional devices. Crafted with a sleek minimalist design it features slim bezels and a streamlined profile blending style with functionality. It s an aesthetic centrepiece for any room suited to elevate the modern home. The Toshiba C450MW s Dolby Audio integration offers clear and dynamic sound quality that matches the visual excellence of the display. With enhanced sound clarity balanced bass and immersive audio viewers are treated to an engaging experience that completes their entertainment setup. In the competitive market of 4K televisions the Toshiba C450MW Quantum Dot TV stands out for its combination of innovative display technology powerful smart features and elegant design added a YKA company spokesperson. The company invites customers in Bahrain to experience the future of home entertainment with the Toshiba C450MW an investment in both quality and technology. For more information visit YKA Electronics and Home Appliances showrooms in Manama: 17211881 and Gudaibiya: 17742656 as well as online at www.shopalmoayyed.com and major supermarkets and retailers.
Read MoreGlobally-renowned brand Panasonic is now offering its premium range with an extended three-month warranty to Bahrain customers who purchase and register their products through the Panasonic Smart Care App. The range includes Panasonic energy-efficient refrigerators top-load washers powerful vacuum cleaners irons garment steamers and a wide variety of personal care products for both men and women. Speaking on the brand the spokesperson of Y K Almoayyed and Sons (YKA) Electronics and Home Appliances the distribution partner of Panasonic in Bahrain said: Panasonic is not just another brand it is synonymous with excellence bringing the perfect blend of innovation and durability to your home. Whether you re benefiting from the energy-saving inverter technology in their refrigerators or achieving professional results with personal grooming tools every Panasonic product reflects an unwavering commitment to superior performance and long-lasting quality. What truly sets Panasonic apart in today s competitive market the company says is its premium craftsmanship and a user-centric design that guarantees reliability over time. Panasonic s top-load washers for instance are built to maximise efficiency reducing both water and energy consumption while their small domestic appliances like iron and garment steamers are designed for everyday convenience and durability; making life easier for modern households. YKA Electronics and Home Appliances Division business head A C Dilip said: Panasonic is more than just a household name it s a premium brand that promises quality and trust. We are delighted to bring Panasonic s innovative products to the Bahraini market where consumers can experience first-hand the brand s dedication to creating smart reliable solutions. By offering an extended warranty through the Panasonic Smart Care App we are emphasising our confidence in the durability and excellence of Panasonic products. Get your Panasonic products at YKA Electronics and Home Appliances showrooms in Manama (17211881/66396241) or Gudaibiya (17742656/663965761) or online at www.shopalmoayyed.com. Panasonic products are also available in major supermarkets and power retailers across Bahrain.
Read MoreImagine bringing home a brand-new state-of-the-art television or air conditioner without the worry of paying a hefty upfront cost. Y K Almoayyed and Sons (YKA) Electronics and Home Appliances has partnered with FLOOSS Bahrain s first Sharia-compliant digital financing platform to offer customers a more convenient and affordable way to purchase their desired home appliances. With FLOOSS customers can now enjoy the luxury of spreading the cost of their purchases over a period of time making it easier to fit their new appliance into their budget. Whether you re a new homeowner a newlywed or a young professional FLOOSS offers a hassle-free way to upgrade your living space without breaking the bank. The process is simple. Just visit one of YK Almoayyed and Sons showrooms and select the appliance you want. Apply for FLOOSS financing which offers instant digital approval and walk away with your purchase on the same day. Whether it s the latest Toshiba SMART TV a Panasonic refrigerator a Super General air conditioner a Glemgas Cooker or any other top-rated appliance our clients can now buy with confidence and no financial stress said YKA Electronics and Home Appliances Division business head AC Dilip. Our showrooms are filled with a wide variety of electronics and appliances and with FLOOSS s instalment plans they re more accessible than ever. So if you re ready to upgrade your home visit YKA Electronics and Home Appliances showroom located in Manama (17211881/66396240) or Gudaibiya (17742656/66396571).
Read MoreA golden partnership has switched on the kingdom to the reliability and product quality appreciated the world over as a touch of cool kaizen . For five decades Y K Almoayyed & Sons (YKA) has been a trusted distribution partner of Toshiba continuing to provide Bahrain s households with premium Japan-quality home appliances. Toshiba s refrigerator range for example stands as a testament to the brand s long standing reputation for reliability innovation and durability making it the preferred choice for families across Bahrain said a brand representative. Since its introduction to the Bahrain market more than 50 years ago Toshiba has consistently delivered high-quality home appliances that are renowned for being built to last . Through YKA the brand s exclusive distributor Toshiba refrigerators have earned the trust of households by offering advanced features that provide superior cooling efficiency energy savings and enhanced food preservation in comparison to many other brands. The concept of continuous improvement however known as kaizen is a fundamental aspect of Japanese culture. The pursuit of perfection and the desire to constantly refine and enhance processes and products are deeply embedded in the Japanese work ethic. One of the key factors that distinguish Toshiba refrigerators is its uncompromising commitment to quality and durability. Featuring cutting-edge technology such as Inverter Compressors Toshiba refrigerators not only keep food fresher for longer but also contribute to lower energy consumption helping families save on their electricity bills. Additionally the sleek modern designs ensure the items fit seamlessly into any kitchen aesthetic. Toshiba offers an industry-leading 12-year warranty on compressors providing consumers with peace of mind and long-term assurance of reliability. YKA Electronics and Home Appliances Division business head AC Dilip expressed his pride in the continued success of the Toshiba refrigerator range: Toshiba has been a household name in Bahrain for over five decades and its refrigerators continue to be the brand of choice for families who prioritise quality durability and energy efficiency he said. With our 12-year compressor warranty and superior cooling technology Toshiba remains committed to bringing the best of Japan s craftsmanship to Bahraini homes. We are proud to partner with Toshiba to offer products that deliver unmatched value and peace of mind. Toshiba s refrigerators are available in a wide range of sizes and configurations catering to the varying needs of households. Whether it is for a large family or a compact living space Toshiba s reputation for innovation quality and performance continues to make it the top choice in Bahrain s competitive home appliance market. n Shop for a Toshiba refrigerator at YKA Electronics and Home Appliances showrooms in Manama: 17211881 and Gudabiya: 17742656 as well as online at www.shop.almoayyed.com and major supermarkets and retailers.
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National Bank of Bahrain (NBB) has been named Best Retail Bank in Bahrain by Euromoney Awards for Excellence acknowledging its progress in delivering customer-centric and secure retail banking solutions in the Kingdom. The award reflects NBB s continued efforts to improve how customers access a wide range of banking services and manage their financial needs the bank said. Over the past year the bank advanced several innovative initiatives across housing finance savings digital lending family banking investments and rewards each designed to simplify customer journeys while supporting broader national priorities. Usman Ahmed Group Chief Executive Officer of NBB said: This recognition from Euromoney reflects the strength of NBB s retail banking solutions. Our approach to digital banking is rooted in deepening and broadening our value proposition across customer segments with an uncompromising focus on safeguarding trust in our services at every touc...
Read MoreMAIR Group a strategic investment company focused on grocery retail and commercial real estate has announced the redevelopment and expansion of Mall of Al Ain through its commercial real estate arm Makani Real Estate marking the Group s first major investment in the destination since its acquisition in 2024. Scheduled ahead of the mall s 25th anniversary the redevelopment will introduce comprehensive upgrades across the mall s retail dining entertainment and public spaces alongside the addition of hotel services reinforcing the mall s position as one of Al Ain s leading lifestyle destinations said a statement from MAIR Group. A key feature of the redevelopment is the complete transformation of the mall s external façade alongside the expansion and relocation of its existing ice rink which is expected to become one of the largest in Al Ain upon completion. Construction work will begin in Q4 and the revamp will be implemented in phases allowing th...
Read MoreThe Gamechangers Middle East the UAE-born startup investment series and entrepreneurship platform has received an overwhelming response of 1 500 founder applications ahead of its application deadline. This reflects the growing ambition of entrepreneurs across the UAE the wider Middle East India Singapore and international markets. Designed to go beyond television the series is a fully functional investment and mentorship platform where promising founders gain access to visibility guidance strategic connections and capital. For an entrepreneurial community that has long had ambition but limited access to the right rooms The Gamechangers Middle East now offers a genuine pathway to the access and opportunity their ideas deserve. Leading the series as co-creator host mentor and strategic partner is R. Madhavan Padma Shri awardee acclaimed actor filmmaker and entrepreneur. Every great company begins with belief. A belief in a...
Read MoreGCC region s retail real estate sector is expanding rapidly but traditional space-centric models are insufficient. A new report by Boston Consulting Group (BCG) titled Imagining the Future of Retail: Beyond Space offers a comprehensive examination of the strategic readiness of retail real estate developers across the Middle East. Drawing on BCG s project experience and interviews with senior leaders across the GCC s major mixed-use retail entertainment and lifestyle developments the report says that the region s retail real estate sector is witnessing its most ambitious physical expansion in generations with millions of square meters of gross leasable area (GLA) under development across megaprojects in Riyadh Jeddah Dubai and Doha. In several GCC markets luxury retail space expansion has already outpaced growth in addressable consumer spending reshaping sales per square meter and current development strategies. In addition competition is intensifying ...
Read MoreFintech.TV the global broadcasting platform for entrepreneurs and investors headquartered at the New York Stock Exchange and the Abu Dhabi Securities Exchange (ADX) Group today (June 3) announced a landmark studio partnership that will establish the Mena region s first international financial news studio reporting live from a stock exchange. The collaboration makes Fintech.TV the first global financial media company to maintain a daily broadcast presence at ADX creating a direct real-time media connection between Abu Dhabi and Wall Street through Fintech.TV s studios at both ADX and the New York Stock Exchange. The ADX-Fintech.TV studio will go live on June 8. According to ADX the partnership significantly expands international investor access to Abu Dhabi s capital markets at a time when global investors are increasingly seeking exposure to resilient high-growth economies with strong fundamentals and future-focused sectors including AI energy healthcare fin...
Read MoreFintech. TV the global broadcasting platform for entrepreneurs and investors headquartered at the New York Stock Exchange and the Abu Dhabi Securities Exchange (ADX) Group on Wednesday announced a landmark studio partnership that will establish the MENA region s first international financial news studio reporting live from a stock exchange. The collaboration makes Fintech. TV the first global financial media company to maintain a daily broadcast presence at ADX creating a direct real-time media connection between Abu Dhabi and Wall Street through Fintech TV s studios at both ADX and the New York Stock Exchange. The ADX-Fintech. TV studio will go live on June 8. Expanding investors access to ADX The partnership significantly expands international investor access to Abu Dhabi s capital markets at a time when global investors are increasingly seeking exposure to resilient high-growth economies with strong fundamentals and future-focused sectors includ...
Read MoreThe Sharjah Investment and Development Authority (Shurooq) has signed an agreement with Afhad Holding to activate a 15 095-sq-m plot in Kshisha into a new retail destination marking a key step in expanding commercial infrastructure across Sharjah s growing residential districts. Located in Kshisha 1 the project will be developed on Shurooq-owned land and operated by Afhad Holding as a long-term retail and community asset. The destination will introduce new retail service and lifestyle offerings closer to residents supporting Kshisha s continued growth as one of Sharjah s emerging family-focused communities. The agreement was signed at Al Bait Al Westi during an event organised by Invest in Sharjah and PwC which brought together public and private sector leaders to discuss investment opportunities and cross-sector partnerships in the emirate. Shurooq s role is to enable developments that are commercially sound while remaining deeply connected to the need...
Read MoreStrong market fundamentals cushioned the impact of broader regional uncertainties driving resilience and sustained growth across prime office and retail segments in both Dubai and Abu Dhabi in the first quarter of 2026 according to JLL s latest Real Estate Market Dynamics report. Marked by a flight to quality the office sector demonstrated improved market sentiment while a mixed performance in the retail sector saw domestic-focused segments maintaining resilience and tourism-dependent categories facing softer conditions it said. Taimur Khan Head of Research MEA JLL said: With strong underlying economic fundamentals and agile occupier and landlord strategies the UAE s office and retail sectors demonstrated remarkable resilience and a strong capacity for strategic adaptation as they navigated measured activity in the first quarter. Despite short-term adjustments demand remains robust signalling the market s inherent strength and positioning it for sustai...
Read MoreShuaa Capital Saudi Arabia a Capital Market Authority (CMA) licensed capital markets institution and a fully owned subsidiary of Shuaa Capital has signed an agreement with Gate Capital Financial Services an established financial advisory firm to co-launch the first of its kind alternative investment fund dedicated to the consolidation of the fuel retail sector in the Kingdom of Saudi Arabia (KSA). The strategic partnership seeks to build a leading national fuel retail operator with a network of more than 500 service stations across the Kingdom. Saudi Arabia s fuel retail sector comprising over 10 000 stations is undergoing a period of dynamic transformation. Recent regulatory advancements introduced by the Ministry of Energy are elevating operational safety and service standards across the industry creating a strong foundation for long-term growth and enhanced consumer experiences. These developments are driving a structural evolution in the se...
Read MoreThe Central Bank of Bahrain (CBB) has issued directives to retail banks and financing companies regarding the deferral of loan instalments and credit card payments as part of the loan deferral and liquidity support programme. This includes a set of measures to support Bahrain s economy and the financial sector in line with the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa the Crown Prince and Prime Minister. The CBB underlined the importance of the concerned entities clarifying the implementation procedures to customers to ensure ease of access to the programme and its smooth application contributing to improved responsiveness supporting financial stability and enhancing the financial resilience of beneficiaries. The loan deferral and liquidity support programme enables retail banks and financing companies to offer customers the option to defer loan instalments and credit card payments including instalments and interest for three mont...
Read MoreSales transactions in Dubai s retail real estate market climbed almost 50% year-on-year to AED4.6 billion in 2025 says leading real estate advisory group and property consultancy Cavendish Maxwell. Around 1 450 sales were secured last year a 7.6% increase on 2024 with the off-plan sector accounting for more than half of them. Off-plan sales transactions have surged more than 830% in the last five years rising from 79 in 2021 to nearly 740 in 2025 stated Cavendish Maxwell in its latest insight into Dubai s retail and warehousing sectors. In the retail rental market the number of lease renewals rose by 6.5% in 2025 while new leases were down 15.7% highlighting tenant preferences to stay in existing premises because of limited new availability at prime locations. Rental costs were up an average 7.1% - and by as much as 15% in some areas driven by growth in community retail and steady performance across large scale retail destination...
Read MoreDubai s retail and warehouse sectors demonstrated resilience and growth in 2025 supported by strong fundamentals including record tourism population growth and rising e-commerce activity. Both sectors however faced tightening supply conditions that shaped market dynamics throughout the year according to leading property expert Cavendish Maxwell. The retail sector experienced robust growth in 2025 with sales transaction values rising 48.4% year-on-year to AED 4.6 billion significantly outpacing the 7.6% increase in transaction volumes it stated. Rental activity showed signs of supply constraint with new leases declining 15.7% whilst renewals strengthened by 6.5% as tenants prioritised retaining space in prime locations amid limited availability pushing rental rates 7.1% higher year-on-year it stated. Dubai s warehouse segment also maintained strong demand in 2025 though total leasing volumes declined 1.7% year-on-year to approximately 19 100 tran...
Read MoreAs the present conflict in the Middle East continue to unsettle shipping lanes raise freight costs and test supply chain resilience across sectors the Gulf s retail industry is demonstrating a remarkable ability to absorb shocks while keeping shelves stocked and consumer confidence intact. For retailers the challenge is no longer simply about procurement but about navigating geopolitical uncertainty volatile logistics costs and changing sourcing strategies without disrupting everyday life for millions of consumers. Diversified sourcing strategies alternative shipping routes and stronger coordination between logistics providers and government authorities have helped maintain continuity in the movement of essential goods says Mark Mortimer-Davies CEO of Choithrams in an exclusive interview with TradeArabia s Sree Bhat. Even as some fresh food categories experience price fluctuations and freight costs edge upward retailers report tha...
Read MoreEngie Solutions Middle East has announced that it has been awarded a key contract by JLL one of the world s leading real estate and investment management companies to deliver fully integrated FM services across the B1 Mall in Al Barsha Dubai. One of Dubai s emerging lifestyle destinations the B1 Mall is a vibrant community hub that blends retail dining and entertainment at the heart of Al Barsha 1. Home to a diverse mix of boutiques food and beverage outlets and curated experiences the mall is a thriving meeting point for residents and visitors seeking authentic design-led encounters. The appointment by JLL underscores Engie Solutions growing reputation for delivering end-to-end FM services across complex high-footfall commercial assets in the UAE The agreement covers a comprehensive scope of hard and soft services security operations and specialist technical systems including chiller plant maintenance said the statement. Under the...
Read MoreYounger travellers are now driving spend while pas senger behaviour - rather than sheer traffic volumes - has become the defining factor of airport travel retail performance according to a study by Airports Council International Asia-Pacific & Middle East (ACI APAC & MID) the trade group representing over 600 airports across 44 countries and territories. The Travel Retail Study in the Post-Pandemic Era developed by ACI APAC & MID in partnership with Auran and Steer spans 36 major airports in 21 countries and draws on insights from retailers and passengers. It finds that despite traffic surpassing 2019 levels travel retail growth now hinges on passenger mix behaviour and preferences- not traffic volumes alone. Younger travellers particularly Gen Z and Millennials have overtaken older generations as the primary spenders at air...
Read MoreHempel in partnership with AlKarar has unveiled a new customer-focused paint retail concept in Bahrain redefining the way customers experience paint shopping. The opening marks a significant milestone in a partnership spanning over 20 years. AlKarar Hempel s largest trade partner in Bahrain is the Kingdom s leading distributor of building materials and paints with more than 35 years of industry expertise. Designed with the end-user in mind the new store introduces an immersive and interactive retail environment. Customers can explore applied paint samples experience colour and finish combinations in realistic settings and access informative digital and printed materials throughout the space. The concept also incorporates a dedicated consultation area where visitors can sit comfortably with experts to discuss their needs while enjoying a coffee enhancing both convenience and overall customer experience a statement said. Ahmed Abdelraouf Marketing Direct...
Read MoreYounger travellers are now driving spend while passenger behaviour rather than sheer traffic volumes has become the defining factor of airport travel retail performance according to a study by Airports Council International Asia-Pacific & Middle East (ACI APAC & MID) the trade group representing over 600 airports across 44 countries and territories. The Travel Retail Study in the Post-Pandemic Era developed by ACI APAC & MID in partnership with Auran and Steer spans 36 major airports in 21 countries and draws on insights from retailers and passengers. It finds that despite traffic surpassing 2019 levels travel retail growth now hinges on passenger mix behaviour and preferences not traffic volumes alone. 56% of responding airports say their commercial revenue is now stronger than 2019 levels . li style=...
Read MoreThe global travel retail landscape is undergoing a profound transformation moving fast from a transactional model based on price advantage to an experiential model driven by consumer demand. Beste Ermaner who leads Global Travel Retail for Philip Morris International (PMI) asserts that the Middle East is not just participating in this shift it is leading the global agenda. PMI s own business model is undergoing one of the most ambitious corporate transformations in the industry and Global Travel Retail (GTR) is a pivotal driver. The company s ambition is clear: it aims to become substantially smoke-free by 2030 targeting over two-thirds of total global net revenues from smoke-free products. Ermaner highlights that the Middle East is PMI GTR s most critical region driven by an unprecedented convergence of national investment and evolving legal-age nicotine users behaviour. The Middle East is the originating region of experience-driven consumer b...
Read MoreThe Middle East is redefining the global travel retail landscape moving far beyond transactional sales to prioritise high-impact consumer experiences TTN has learned in conversation with Beste Ermaner Vice President of Global Travel Retail at Philip Morris International (PMI) since March 2024. Airports in the GCC are setting worldwide trends and the complex duty-free environment is rapidly evolving into a high-tech arena Ermaner tells TTN going on to confirm that the Middle East is one of PMI s most critical regions within the global travel retail context. In the past it was more about the deal price advantage. Now experience is the number one driver to visit a duty-free shop - Beste Ermaner /blockquot...
Read Morestc Bahrain a digital enabler has launched the kingdom s first VAT Free shopping initiative in the telecom sector in partnership with the Planet VAT Free program. This service allows eligible tourists to claim VAT refunds on purchases made at stc retail stores across Bahrain combining value convenience and innovation. By offering visitors savings on telecom devices and accessories purchased in cash stc Bahrain is enhancing the shopping experience while supporting the Kingdom s position as a welcoming and customer focused destination said a statement from the company. The service is available to non residents of Bahrain including GCC nationals departing via Bahrain International Airport or Khalifa Port. Tourists making cash purchases of BD100 ( 263.5) or more at stc stores can obtain a VAT refund tag at the time of purchase and claim their refund before departure through Planet VAT Free counters. The process is simple tra...
Read MoreSharjah Media City (Shams) has officially announced the launch of a significant new production complex designed to establish Sharjah as a global centre for film television and streaming content creation. The Shams Studios will feature 9 600 sq m of purpose-built soundstages equipped with world-class technical specifications. It aims to become one of the most significant and advanced studio developments in the Middle East. As studio space shortages persist in North America and Europe Shams Studios aims to offer international producers especially those from the UK US and India high-capacity stages competitive production environments and strategic access to various global markets. Arriving at a time when studio space shortages continue to affect North America and Europe Shams Studios aims to provide international producers particularly from UK US and India with high-capacity stages competitive production environments and strategic access to ...
Read MoreThe National Bank of Bahrain (NBB) and Batelco by Beyon have signed a MoU to explore strategic areas of collaboration within their retail and loyalty ecosystems. The strategic agreement aims to enhance customer engagement and broaden the range of value-added services accessible through both institutions. As part of the agreement the duo will assess opportunities to align their loyalty programmes and introduce bundled services to enhance value and convenience for their customers. The partnership will further develop an integrated proposition connecting Batelco s and NBB s digital platforms while introducing tailored offers for users of both institutions. Speaking on the occasion Subah Abdullatif Al Zayani Chief Executive Retail Banking at NBB said: We are excited to partner with Batelco in a shared mission to redefine customer experiences through innovation. Together we will explore introducing smarter more accessible solutions that sim...
Read MoreDubai South Properties has announced the launch of South Bay Mall its inaugural retail and lifestyle destination strategically located in the heart of the Dubai South Residential District. Spanning approximately 200 000 sq ft. across the ground first and rooftop levels the mall will offer panoramic views of the lagoon and open-air walkways. With its curated blend of retail dining and wellness experiences the mall is designed to elevate the lifestyle of South Bay residents and the broader Dubai South community said the developer. The development will feature 60 retail units two anchor stores and a premium food hall. Complementing these offerings are well-designed outdoor leisure spaces a clubhouse gym spa clinic and dedicated parking for over 400 vehicles all contributing to a vibrant and seamless community experience. South Bay Mall will serve as a dynamic lifestyle hub enhancing South Bay Dubai South s flagship mixed-use wat...
Read MoreThe current supply-demand imbalance in the UAE s office and retail markets presents a clear pathway for agile investors and developers to unlock significant new value and drive resilient long-term growth reveals JLL s latest Q3 2025 report. Fuelled by evolving consumer preferences corporate priorities and current market dynamics the ongoing transformations create a competitive leasing environment in the two landlord-favoured sectors it says. A shift in consumer behaviour alongside a growing focus on value and convenience in retail formats is shaping the 8.24 million sq m retail inventory in Abu Dhabi and Dubai. Backed by strong demand for prime retail spaces landlords are negotiating higher rental rates. In Abu Dhabi prime super regional malls maintained premium over other categories with a 3.4% rental increase in the year to Q3 2025 while Dubai experienced a substantial 13.5% rise in the same period. This landlord-favoured environment is evident across prime re...
Read MoreBritish TV stars Bettany Hughes and Maisie Adam took to the stage at WTM London to share their tips about marketing travel and holidays. Comedian and star of Taskmaster and A League of Their Own Maisie Adam spoke on the marketing summit panel Comedy Sells whereby she told delegates: It s about making the ordinary extraordinary as she recalled interviews with passengers about etiquette on planes. Having worked with several tourism boards Adam went on to explain There is a human element to travel we have to grab consumers with more than just where it is. You don t have to show off Machu Picchu; you could be at an airport talking about the mundane . The comedian showed clips from her recent Swiss tourism film which featured activities such as sliding down a bobsleigh run and trying a fondue. Adam said: It s about telling a story well and enjoying yourself. Other people see you re havi...
Read MoreBader Al Lamki Chief Executive Officer of Adnoc Distribution said that the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2025) is witnessing strong regional and international participation that enhances partnerships and allows for the exchange of global expertise in fuel retailing non-fuel retail operations and related services. In a statement to the Emirates News Agency (WAM) on the sidelines of Adipec 2025 Al Lamki announced that Adnoc Distribution is preparing to launch The Hub a new fully integrated concept that redefines the on-the-road retail experience in the UAE. The Hub will serve as a comprehensive destination combining fuel services ultra-fast electric vehicle charging and a wide selection of dining and entertainment options offering an all-in-one experience. He added that the first The Hub station will open in Abu ...
Read MoreJubail Island today (October 16) announced the first wave of premium retail partners set to open at Souk Al Jubail a pivotal milestone in establishing the island s social heart as a premier destination for refined living. This carefully curated selection of lifestyle brands marks a significant step in shaping Souk Al Jubail into the vibrant walkable community hub it was envisioned to be - a place where well-being convenience and community seamlessly connect. Owned by Jubail Island Investment Company (JIIC) and developed by LEAD Development Jubail Island comprises six residential villages nestled among the breathtaking natural beauty and rich biodiversity of the mangroves. This low-density low-impact landmark community seamlessly blends sustainable living luxury and wellness offering an iconic new addition to Abu Dhabi s real estate landscape. The new offerings reflect Jubail Island s commitment to creating a modern neighbourhood centre d...
Read MoreSaudi Arabia s Diriyah Company has launched Jabal AlQurain Avenue a pioneering new area designed as a multidisciplinary incubator for Saudi and regional entrepreneurs and emerging talent in the retail and F&B sectors. Jabal AlQurain Avenue will provide flexible spaces for emerging and established businesses offering a dynamic platform for creative Saudi entrepreneurs to nurture and develop innovative brands that will appeal to Diriyah residents and visitors. It will also form a significant part of the much larger Qurain Cultural District that was announced in 2024 the developer said. In addition to its Saudi-focused retail and F&B offer the new avenue will also feature a dynamic mix of arts retail offices and residences inviting people to live work explore local brands and enjoy authentic dining experiences. A place that is designed to become a vibrant hub where culture and modern urban...
Read MoreGeberit the European leader in sanitary solutions has announced the grand opening of its first exclusive retail sanitary showroom in the Gulf Region in partnership with Al Sahoo. The new Al Sahoo Geberit showroom located at Lot 90 Mall Kuwait will officially open on September 29. This milestone highlights Geberit s continued growth and long-term commitment to the Gulf region the company said. The grand opening will be officiated by Tamer Qazi Managing Director of Geberit Gulf alongside Mishal Al-Sarahid General Manager Al Sahoo Group. Distinguished guests key partners and senior management teams from both Al Sahoo and Geberit will also be in attendance to celebrate this landmark occasion. This exclusive showroom marks a new era in premium sanitary retail in the Gulf offering customers the opportunity to experience Geberit s innovati...
Read MoreSeed Group a subsidiary of The Private Office of Sheikh Saeed bin Ahmed Al Maktoum has partnered with Nawgati to improve UAE s fuel station software. The partnership will use advanced digital tools to enhance performance at retail petrol outlets in Dubai and across the country. Nawgati an Indian fuel-tech company focuses on congestion management compliance monitoring and operational optimisation for fuel stations. Its platform Aaveg integrates deep learning mobile applications and real-time analytics to streamline workflows and reduce service bottlenecks. The alliance will provide Nawgati with access to a high-level ecosystem enhancing its UAE positioning and supporting Dubai s smarter mobility solutions. Hisham Al Gurg CEO of Seed Group and The Private Office of Sheikh Saeed bin Ahmed Al Ma...
Read MoreMashreq one of the leading financial institutions in MENA region has officially announced the commercial launch of its full services digital retail bank in Pakistan Mashreq Bank Pakistan. The bank was launched in the presence of Prime Minister Muhammad Shehbaz Sharif in Islamabad. This marks the first full-scale international deployment of Mashreq s award-winning digital banking platform outside the UAE and a pivotal milestone in Pakistan s digital banking journey. The event was also graced by key state and regulatory dignitaries including Muhammad Aurangzeb Minister of & Revenue; Jameel Ahmad Governor State Bank of Pakistan; Mohammad Sultan Al-Kaitoob Head of the Economic Political and Media Affairs in the Embassy of UAE in Pakistan; Lieutenant General Muhammad Munir Afsar Chairman of NADRA among others. The event was attended by Mashreq s global l...
Read MoreAl-Futtaim a regional retail powrhouse has acquired a 49.95% stake in Cenomi Retail a leading retail brand in Saudi Arabia for a total consideration of SAR2.52 billion ( 686 million) at SAR44 per share. This transaction marks one of the largest foreign strategic investments in a Saudi-listed retail company underscoring the Kingdom s position as a premier global investment destination and a thriving hub for consumer-driven growth said a statement. Aligned with the goals of Saudi Vision 2030 the partnership supports key national priorities including economic diversification private sector development and the transformation of the retail sector. Al-Futtaim s entry as a strategic shareholder marks a major milestone in Cenomi Retail s transformation bringing global expertise advanced digital capabilities and operational excellence. The partner...
Read MoreThe Abu Dhabi Securities Exchange (ADX) today (August 7) onboarded Thndr a leading retail investment platform in the Mena region as the first remote retail trading member on the second largest exchange in the Mena region. Thndr a Hub71 start-up is one of Mena s first fully digital investment platforms. Regulated by the Abu Dhabi Global Market s (ADGM) Financial Services Regulatory Authority (FSRA) Thndr is set to make its mark in the UAE following its strong track record in the region. In 2024 alone Thndr recorded over 13 billion in trading value and executed 12 million trades. With more than four million downloads access to three markets the UAE Egypt and the US and a wide range of asset classes including stocks gold mutual funds and savings products Thndr is building a true investment one-stop shop. According to ADX Thndr users will soo...
Read MoreUnion Coop a key consumer cooperative in the UAE has joined hands with Positive Zero a leading provider of decentralised clean energy solutions for the launch of one of the Middle East s largest solar energy projects in the retail sector. The long-term agreement will see the installation of solar photovoltaic (PV) systems on roofs and parking areas across Union Coop locations aimed at significantly reducing carbon emissions and supporting the UAE s net-zero targets. Scheduled for completion by mid-2026 the project will cover up to 30 Union Coop sites across Dubai and the Umm Al Quwain Coop headquarters (managed by Union Coop). With an installed capacity of 17.3MW the system is expected to produce approximately 29.23 gigawatt-hours of clean electricity annually - enough to power over 4 000 homes. The initiative will red...
Read MoreLeading UAE business conglomerate Al Futtaim today (July 20) announced that it has agreed to buy a major stake in Cenomi Retail Saudi Arabia s leading retail brand partner in a deal worth SAR2.5 billion ( 666 million). Pursuant to the share purchase agreement Al Futtaim will acquire a 49.95% stake in Cenomi Retail (each share priced at SAR44) from the selling shareholders namely Fawaz Abdulaziz Alhokair Abdul Majeed Abdulaziz Alhokair Salman Abdulaziz Alhokair Saudi FAS Holding Company and FAS Real Estate Company. Al Futtaim said it is currently in talks with Cenomi Retail negotiating a shareholder loan agreement pursuant to which Al Futtaim will extend a shareholder loan of an amount not less than SAR1.3 billion upon completion of the transaction to help strengthen Cenomi Retail s balance sheet and support its next phase of growth the entry of which is a completion condition for the...
Read MoreThe Middle East continues to distinguish itself as a global economic outperformer with the UAE and Saudi Arabia leading the charge. While global GDP growth is projected at 3.2% this year the UAE is expected to grow by 4% and Saudi Arabia by 3% with further acceleration anticipated through 2027 according to a report by NielsenIQ a leading consumer intelligence company. Consumers across these regions continue to demonstrate strong resilience amid ongoing challenges stated the report. This robust performance is underpinned by strategic international partnerships balancing ties with both BRICS (Brazil Russia India China and South Africa) and Western economies alongside targeted investments in digital transformation and a young digitally connected population it added. Consumer markets show resilience &n...
Read MoreProspect a leading real estate developer has joined hands with Mulk Properties for the official launch of its boutique office and retail development - The LX - within Arjan community in Dubai featuring 71 office units and two curated retail spaces. The new project comes in line with its strategic move to address Dubai s growing demand for premium commercial spaces. One Broker Group (OBG) will be the exclusive sales partner for the project which was unveiled at a high-profile launch event at the Waldorf Astoria Palm Jumeirah. A landmark project being set up at an investment of AED350 million ( 95.2 million) the LX features 71 premium boutique office units and 2 curated retail spaces offering modern businesses and discerning investors a rare opportunity to own commercial assets in a location experiencing unprecedented growth. S...
Read MoreThe retail industry in the GCC is undergoing a sweeping transformation. Once dominated by traditional models the sector has now emerged as a key enabler of economic diversification technological innovation and consumer-centric growth according to a report by LOGIC Consulting. The sector is expanding rapidly and is projected to reach over 390 billion by 2028 driven by digital innovation changing shopper behavior and strategic government initiatives stated LOGIC in its report titled Revolutionizing Retail: Unveiling GCC s Five-Year Transformation. Retail is no longer just a transactional space in the region it is becoming a cornerstone of national development agendas fostering private investment and energizing adjacent sectors such as logistics real estate and tourism it added. The report highlights the evolution of consumer expectations across the GCC....
Read MoreSaudi Arabia s retail real estate sector is undergoing a transformation driven by the country s Vision 2030 initiative economic diversification efforts and an evolving consumer landscape. The outlook for 2025-2026 remains optimistic with strong demand anticipated due to factors such as population growth increasing tourism and changing consumer preferences according to top ratings agency S&P Global. The growth path for retail real estate in Saudi Arabia is looking good for 2025-26. However the sector is also facing challenges including oversupply risks and evolving retail formats that could weigh on rental rates and real estate landlords profitability amid high capital spending said the ratings agency. Additionally lower oil prices and market volatility amid escalating global trade tensions and a fragmented...
Read MoreRetail investors demonstrated strong conviction on April 3 the first full trading day following President Donald Trump s so-called Liberation Day and the announcement of new US tariffs. Instead of panic-selling many chose to buy the dip seeing the sharp sell-off as an overreaction to macroeconomic developments said Lale Akoner Market Analyst at eToro. Licensed and regulated by the Abu Dhabi Global Market eToro is a major trading and investing platform. Many saw it as a buying opportunity in quality names like Nvidia Amazon and Nike which have strong fundamentals but were dragged down in the broad risk-off move noted Akoner. Nike for example plunged due to tariff concerns on imports from Southeast Asia but long-term bulls likely saw its brand strength and market dominance as worth holding through short-term supply chain pressures she stated. eToro data reveals that on April 3: b...
Read MoreSaudi-based Umm Al Qura for Development and Construction today (March 13) announced the successful completion of the offering period for retail investors for the company s initial public offering (IPO). Umm Al Qura is the owner developer and operator of Masar Destination one of the largest redevelopment projects in Makkah city. Its current majority shareholders comprise state-owned entities and Saudi private sector including the Saudi sovereign wealth fund PIF the General Organization for Social Insurance (GOSI) and Dallah Al Baraka Holding. Announcing this the Saudi developer said the retail subscription process which involved a maximum of 13 million shares (representing 10% of the total offer shares) kicked off on March 5 and ended on March 9. It saw participation from 1 048 530 subscribers indicating a coverage of 20 times with...
Read MoreRoshn Group the kingdom s leading multi-asset class real estate developer powered by Saudi wealth fund PIF has announced that it has awarded new contracts worth SAR1.5 billion ( 400 million) for Sedra Community the group s largest integrated development in Riyadh. The scope of work includes construction of more than 1 900 residential units as well as infrastructure development works related to the retail facilities of Sedra said Roshn in a statement. These agreements were signed at the third edition of the PIF Private Sector Forum in Riyadh thus reflecting Roshn s strategic efforts to strengthen the kingdom s construction sector expand local expertise and enhance supply chain localization. The first agreement valued at SAR650 million was signed for development of more than 900 residential units and sports facilities at Sedra Community. ...
Read MoreThe UAE and KSA airport retail sales are expected to reach 161.4 billion and 139.1 billion respectively by 2028 according to Abra a leader in luxury retail fit-outs in the UAE and the Mena region. In its latest report Abra says that the GCC s airport retail sector is experiencing unprecedented expansion fuelled by increasing passenger traffic growing tourism and significant investments in airport infrastructure. Against this backdrop Abra is strategically positioned to capitalise on these opportunities and transform airport retail into iconic luxury destinations supported by its advanced solutions and unparalleled craftsmanship. It has completed over 200 projects over the last 3 years at 21 airport destinations specialising in fragrance beauty confectionery liquor and fashion categories. It navigates unique challenges such as security regulations mater...
Read MoreDiriyah Company is collaborating with Apple on the planning of a future iconic store in Diriyah The City of Earth marking a significant milestone in the retail and lifestyle offering of the Diriyah project. Apple has confirmed plans to introduce several flagship retail locations across Saudi Arabia by 2026 including an iconic store in Diriyah home to the UNESCO World Heritage site At-Turaif renowned for its rich history and cultural significance as the birthplace of the Kingdom of Saudi Arabia. Jerry Inzerillo Group CEO of Diriyah Company said: This future partnership enhances Diriyah s retail landscape and aligns with our vision of fostering a vibrant economy that embraces technology and creativity while demonstrating our commitment to becoming a global destination. Saudi Arabia is making a notable impact on the retail sector and this collaboration with Apple for an iconic retail...
Read MoreDiriyah Company Saudi Arabia s mixed-use developer driving the transformation of historic Diriyah into a premier global destination will present the latest developments of its flagship project - with special focus on Diriyah Square - at the upcoming MAPIC 2024 in Cannes. A world-leading retail summit MAPIC will be held from November 26 to 28 in the French city. Diriyah Company said its participation at MAPIC features a series of high-level engagements underscoring the company s commitment to shaping the future of retail and urban development. The Saudi developer will put spotlight on Diriyah Square - the dynamic centrepiece of the 14-sq km masterplan. Designed to be the vibrant heart of Diriyah it is poised to become a landmark destination for shopping dining culture and lifestyle stated the c...
Read MoreLulu Retail the largest and fastest growing pan GCC full line retailer has seen its net profit from continuing operations soar 126% to 35.1 million driven by improved operating profit and better cost management. For the nine-month (9M) period net profit from continuing operations improved by 73.3% to 151.5 million. Lulu Retail delivered robust revenue growth in Q3 2024 reaching 1.86 billion up 6.1% YoY. The strong sales performance was driven by significant growth in key markets including UAE Saudi Arabia and Kuwait with sales growth across key product categories including double-digit growth in Fresh Food and mid to high single-digit improvement in Electrical Goods. Like-for-like (LFL) sales in Q3 2024 increased by 1.2% to 1.7 billion while LFL sales for 9M 2024 increased by 2.2% to 5.3 billion. Strong revenue growth /spa...
Read MoreA staggering 51% of luxury retail employees plan to leave their jobs amid a talent crisis gripping the industry said a landmark report titled The Advisor Effect: Driving Retail Success by Re-imagining the Role of the Client Advisor . Unveiled by CXG a leading consulting and solutions firm dedicated to enhancing luxury brand performance through innovative customer and employee experience strategies the study said this marks a notable increase from 30% just two years prior. The report focuses on developing strategies for recruitment onboarding training and retention. It is based on insights gathered from over 100 000 customer experience evaluations for luxury brands worldwide 12 000 surveys conducted with retail employees from 12 luxury brands between 2022 and 2024 and 27 in-depth interviews with senior professionals across the fashion jewellery and beauty sectors in Europe the US and China....
Read MoreLulu Retail Holdings the largest and fastest growing pan-GCC full-line retailer has started trading on the Abu Dhabi Securities Exchange (ADX) after its record-breaking Initial Public Offering (IPO). Lulu s IPO raised gross proceeds of AED6.32 billion ( 1.72 billion) making it the largest offering in the UAE in 2024 to date. The offering saw aggregate demand of over AED135 billion from local regional and international investors a record for a non-Government UAE IPO over the past 10 years and an oversubscription level of more than 25 times across all tranches (excluding Cornerstone Investors). Cornerstone investors included leading sovereign and institutional investors from across the GCC. A record 82 000 retail investors subscribed for shares in the IPO demonstrating consumers awareness and connection with the Lulu brand across the GCC with around 50 000 individuals registering for an ADX Nation...
Read MoreCenomi Retail Saudi Arabia s pioneering retail brand partner has made a significant turnaround in the third quarter (Q3) posting a net profit of SR19 million ( 5.06 million) compared to a huge net loss of SR203 million in Q3 2023. For the first nine months (9M) of 2024 Ceneomi made a net loss of SR48 million compared to a loss of SR89 million in 9M-23. However the company achieved solid margins with gross margin improving to 10.6% from 7.5% in Q3-23. This was supported by wide-ranging cost rationalisation initiatives and continued progress on the brands divestment programme announced earlier this year in addition to the growth of Tier 1 Champion brands in the portfolio. Sale of non-core brands During the quarter an additional 5 non-core brands: Charles & Keith Estee Lauder Nine West Pedro a...
Read MoreLulu Retail Holdings the largest and fastest growing pan-GCC full-line retailer today announced the successful completion of the bookbuild and public subscription process for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). The offering was over 25 times oversubscribed with orders of more than AED135 billion ( 37 billion) received across all tranches (excluding Cornerstone Investors). Lulu Retail confirmed that the final offer price for its ordinary shares has been set at AED2.04 per share pricing at the top of the previously announced offer price range and implying a market capitalisation of the group at listing of AED21.07 billion ( 5.74 billion). The offering raised gross proceeds of AED6.32 billion ( 1.72 billion) making it the largest UAE IPO of 2024 to date. The IPO received exceptional retail investor in...
Read MoreLulu Retail Holdings the largest and fastest growing pan-GCC full-line retailer and a public company limited by shares incorporated in the Abu Dhabi Global Market (ADGM) today announced an increase in the size of its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). The total Offering size has been increased to 3 098 671 605 ordinary shares from the previously announced 2 582 226 338 ordinary shares. The offering size now represents 30% (previously 25%) of the total issued shares in the company which are to be sold by the company s sole shareholder Lulu International Holdings Limited (the selling shareholder). The additional 516 445 267 offer shares have been wholly allocated to the Qualified Investor Offering (Tranche Two) accessible to Professional Investors only as defined in the local prospectus. The offer price range is unchanged at be...
Read MoreLulu Retail Holdings the largest and fastest growing pan-GCC full-line retailer and a public company limited by shares incorporated in the Abu Dhabi Global Market (ADGM) today announced its intention to proceed with an Initial Public Offering (IPO) and to list its shares for trading on the Abu Dhabi Securities Exchange (ADX). KEY HIGHLIGHTS OF THE OFFERING A total of 2.582 billion ordinary shares each with a nominal value of 0.014 (which is equivalent to AED0.051) representing 25% of the total issued shares in the company are to be sold by the company s sole shareholder Lulu International Holdings Limited. The offering will be made available to UAE retail investors including eligible employees of the group as part of the UAE Retail Offering; to professional investors as part of the Qualified Investor Offering; and to eligible senior executives of the group as part of the Senior Ex...
Read MoreAlandalus Property has started work on a major commercial development in Makkah being developed at a total investment of SAR831 million ( 221.4 million) in the Umm Jurfan neighbourhood of the Saudi city. On completion the project will boast 350 rental units including major showrooms retail outlets a hypermarket an entertainment zone as well as indoor and outdoor café and restaurant said Alandalus Property in its filing to the Saudi bourse Tadawul. Spanning a 127 434 sq m area the key commercial property comprises two floors and multi-level parking facilities for 1 800 cars it added. The land was purchased by Alandalus Property through the company Masat Property which the company s owns 25% of its capital while Buroj International Company owns the rest 75% stake. The Board of Directors of Masat Property ...
Read MoreAverage rental rates across Riyadh s retail market have risen by 3% to SR2 725 ( 727) psm for both regional and super regional malls in the last 12 months while occupancy rates across the retail market rose by 5 percentage points to 90%. According to global property consultancy Knight Frank s Summer 2024 Saudi Arabia Retail Market Overview the total existing retail supply in Riyadh stands at 3.6 million sq m with around 27 050 sq m of retail space entering the market in Q1 2024. Knight Frank forecasts that the capital s retail stock will grow by 28% to 4.6 million sq m by 2026. In contrast to the capital Jeddah and the Dammam Metropolitan Area (DMA) have experienced subdued retail market growth in the last 12 months with occupancy rates dropping by 1 percentage point in both cities to 84% and 89% respectively says Knight Frank. Lease rates have responded with average rents in Jeddah dropp...
Read MoreRetail media advertising spend is forecast to reach 153.3 billion worldwide in 2024 according to WARC s latest analysis. The continued growth is fuelled by advances in off-site targeting as commerce data infuses into non-retail environments. All the while Amazon continues to tighten its grip on the retail media market. WARC Digital Commerce has published its annual report looking at the trends having an outsized impact on the future of this dynamic and hyper-competitive space. Gregory Grudzinski Reports Editor WARC Digital Commerce and author of the study says: Following the explosion of digital commerce onto the advertising landscape this report looks at trends in four areas that are having a profound impact on the future of this fast-growing and complex space to provide an overarching view of what the future holds and what marketers need to do today to prepare for it. /div...
Read MoreStandard Chartered is among the first few institutions to offer locally domiciled funds for retail clients in the UAE in partnership with international providers. This is in line with the new Securities and Commodities Authority (SCA) regulation which restricts the promotion of foreign funds to professional investors. Standard Chartered has partnered with leading international companies to provide best-in-class products to its retail clients including Amundi a global asset manager with over 2 trillion in assets under management; Aditum Investment Management Limited an asset manager licensed by the Dubai Financial Services Authority with over 6 billion in assets; and ClearStream a leading global company specialising in custody and settlement of securities. The new offering underlines Standard Chartered s commitment to supporting the SCA in driving the growth of the local asset management sec...
Read MoreAl Habtoor Group in a major expansion of its business portfolio unveiled further details of its anticipated television channel set to broadcast from Beirut Lebanon. Promising to offer extensive job opportunities and serve as a beacon of positivity in the media landscape the channel is poised to initially create about 300 jobs in fields including journalism production art and more with additional jobs expected to be added as the project expands. Khalaf Ahmad Al Habtoor Founding Chairman of Al Habtoor Group said: The resilience and spirit of the Lebanese are truly inspiring. We aim to harness this energy to spread hope happiness and positivity through our new channel. Our commitment is not only to establish a channel but also to foster a thriving media environment for professionals. More than broadcasting ...
Read MoreSpinneys 1961 Holding an operator of premium grocery retail supermarkets has announced that following high levels of demand it will increase the number of shares allocated to the UAE Retail Offering of its 375 million IPO. The public offering to subscribers in the First Tranche has been increased from 45 million shares to 63 million shares equivalent to 7% of the total offer shares (previously 5% of the offer shares). The decision to increase the allocation size of the UAE Retail Offering is based on significant investor demand from the First Tranche subscribers. Total size unchanged The total size of the offering remains unchanged at 900 million shares representing 25% of total issued share capital of the company. To accommodate the increased allocation of the UAE Retail Offeri...
Read MoreGenerative AI (GenAI) and other AI tools will transform retail over the next 12 months according to Retail Reimagined: Creating luxury customer experiences using data-driven insights a new report launched by Deloitte Global. With 52% of retailers intending to employ GenAI within the next 12 months for content creation in publications and reports and 25% aiming to utilise it for brand campaigns and marketing it s a growing trend among those seeking to maintain consumer loyalty particularly in the luxury sector. The research to be unveiled at this year s World Retail Congress taking place in Paris from April 16 to 18 highlights how brands are increasingly adopting personalised recommendations and targeted advertising to analyse consumer behaviour and preferences in real-time. Digitalisation surge...
Read MoreAl Haramain Group a leading UAE manufacturer and retailer of fragrances has expanded its retail network to 120 stores spread over more than ten countries as its UAE-made products get exported to more than 70 countries. Al Haramain Perfumes the Group s flagship company is a pioneer in manufacturing Oudh Agarwood Bakhoor Dehnal Oudh and oriental perfumes having one of the biggest market shares in these categories. The UAE perfume market size reached 614.3 million in 2022. It is expected to reach 1.15 billion by 2028 exhibiting a growth rate (CAGR) of 11.88% during 2023-2028 according to Markets and Research. The GCC fine fragrances market size on the other hand is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.5% to 19 billion by 2032 from 12.4 billion in 2022 according to a report by Market 24X7. stro...
Read MoreThe outstanding total loans and credit facilities extended to resident economic sectors by retail banks in Bahrain increased to BD11.8 billion ( 31.36 billion) at the end of 2023 an increase of 4.3% compared to the end of 2022. The Business Sector accounted for 42.6% and the Personal Sector 49.5% of the total loans and credit facilities according to key banking indicators presented by the Central Bank of Bahrain (CBB). The CBB Board of Directors held its second meeting for the year 2024 chaired by Hassan Khalifa Al Jalahma on Sunday and approved the CBB s annual report and key economic developments for the year 2023 in addition to the CBB s audited financial statements for the year 2023. Total private deposits increased to BD14.2 billion at the end of 2023 an increase of 5% compared to the end of 2022. The balance sheet of th...
Read MoreKhalifa Economic Zones Abu Dhabi Kezad Group has announced two land lease agreements with Sam Force Trading to create vibrant retail community centres. Under the agreements Sam Force will construct and operate community retail centres on two prime locations in Kezad which will cater to the diverse needs of residents and businesses within the Kezad community. The centres in Khalifa Industrial Area (Kezad Al Ma mourah) and ICAD (Kezad Musaffah) will encompass a diverse commercial and retail offering including restaurants and cafes supermarkets and business centres enriching the community s lifestyle and core amenity availability. Seamless integration Fatima Al Hammadi Chief Commercial Officer Kezad Group said: Our agreements with Sam Force reflect our strategic vision to partner with e...
Read MoreBloomberg Television has announced that Joumanna Bercetche will be the new anchor of its flagship morning prime time show - Daybreak Middle East and Africa - starting from April. Based in Dubai Bercetche will be alongside anchoring broadening its coverage across the region leading in-depth reporting on marquee events and interviewing key policymakers leaders and executives shaping the region s future. Daybreak Middle East and Africa broadcasts (at 8am UAE) from Monday to Friday bridging the Asian and European editions of the prime time morning show Daybreak. The programme provides audiences with a daily spotlight on one of the world s fastest-growing regions with the latest global markets and analysis plus news-making interviews with a special focus on MEA. On her new role Bercetche said: I am delighted to be joini...
Read MoreEmaar Properties a prime real estate development company has announced that it has completed the detailed design of Dubai Square - a futuristic fusion of cutting-edge retail entertainment and technology within the ultra-modern and elegant urban project Dubai Creek Harbour. Located on the historic Dubai Creek its design features pedestrian-friendly streets and encompasses 7.4 million sq m of residential space and 500 000 sq m of gardens and open areas. Dubai Creek is an integrated project facilitating easy on-foot accessibility and is distinguished by a variety of retail stores commercial ventures entertainment and leisure destinations and top-tier facilities. The project also includes the Ras Al Khor Wildlife Sanctuary a prominent biodiversity site in the UAE. According to Emaar Dubai Square is characterized by its advanced technologies and contemporary and innova...
Read MoreMiddle East Pharmaceutical Industries Company s (Avalon Pharma) initial public offering (IPO) has netted SR2.67 billion ( 712.1 million) in retail subscription indicating an oversubscription of 54.3 times. The IPO witnessed a number of 284 739 applications by primary subscribers for a number of 807 467 investors (primary subscribers and dependents). The retail subscription process comprising a maximum of 600 000 shares representing 10% of the total offering shares commenced on January 30 2024 and ended on February 1 2024. Primary subscribers will receive a minimum of (2) shares each while the remaining shares will be allocated on a pro-rata basis for the remaining demand with an average allocation factor of around 0.095% for each application from their subscribed shares. Market capitalisation /strong...
Read MoreNutanix a leader in hybrid multicloud computing has said that Enoc Group a leading global energy player has centralised its IT infrastructure on Nutanix for retail expansion and deliver slick digitally-driven customer experience. Serving thousands of customers across 60 markets Enoc employs a workforce of over 12 000 employees and deploys its world-class customer service innovations and technologies and best practices towards the UAE s social and economic development. At the core of Enoc s business are its service stations which offer not only refuelling but also top-quality retail services. Initially siloed IT infrastructure was deployed at each of these service stations to deliver the digital services needed. While in the early days this met the company s needs the lack of redundancy and centralised management contributed to significant IT overheads and risk as the company rapidly scaled i...
Read MoreFootwear and leather goods exporters have said that the Middle East and North Africa (Mena) offers a robust growth opportunity for the trade with retail spending power seen surging in the range of 6-8% CAGR across the region. Speaking at a press conference on the opening day of the region s largest footwear and leather goods show DIFLEX 2023- senior officials representing some of the global leather hubs Egypt India and Turkey - said the growth potential of Mena is amplified in the light of the data by Statista that non-food retail sales in the GCC alone is estimated to reach over 150 billion by 2026. Mena markets offer sunrise opportunities to leather producers and manufacturers with a rising population 55% under the age of 30 - offering a significant demographic dividend to both domestic and export businesses. Coupled with this is the increasing e-commerce spends and new fin...
Read MoreDubai Taxi Company (DTC) has announced a 2% increase in the number of shares offered in the UAE Retail Offer of its initial public offering (IPO) in response to significant oversubscription of the UAE Retail Offer. Following the approval of the Securities and Exchange Authority (SCA) the UAE Retail Offer has been increased to 74 970 000 ordinary shares from 62 475 000 ordinary shares. Based on the previously announced price range of AED1.80 ( 0.49) and AED1.85 per share the size of the Retail Tranche will now be between AED135 million and AED139 million representing a total of 12% of the Offer Shares compared to 10% previously announced. The Offering size remains unchanged at 624 750 000 ordinary shares which represents 24.99% of the company s total issued share capital. Following the increased allocation to the UAE Retail Offer the Qualified Investor Tranche will be allocated 549 780 000 ordinary shar...
Read MoreDubai Taxi Company (DTC) today (November 28) announced an increase in the number of shares offered in the UAE retail offer of its IPO owing to significant oversubscription. Following the approval of the Securities and Exchange Authority (SCA) the UAE Retail Offer has been increased from 62.4 million to 74.9 million ordinary shares. Based on the previously announced price range of AED1.8 and AED1.85 per share the size of the Retail Tranche will now be between approx. AED135 million and AED139 million representing a total of 12% of the offer shares compared to 10% previously announced. According to DTC the offering size remains unchanged at 624.7 million ordinary shares which represents 24.99% of the company s total issued share capital. Following the increased allocation to the UAE Retail ...
Read MoreSome 40 billion of retail investor capital can be mobilised towards climate investments in the UAE by 2030 says Standard Chartered s latest Sustainable Banking Report. The research based on investor interest from a survey of 1 800 respondents in 10 growth markets across Asia Africa and the Middle East identifies a global potential of 3.4 trillion for climate investing highlighting the power of individuals to combat climate change. Within climate investing in the UAE 23 billion could flow into mitigation themes energy storage energy efficiency and renewables are set to attract the most capital. 17 billion could be mobilised towards adaptation including resilient infrastructure food systems and the blue economy. 93pc interested in climate investing The survey shows 93% of ...
Read MoreEagle Hills Diyar (EHD) the pioneering developer behind the Marassi Al Bahrain project has announced that its prime development - Marassi Galleria - will open its doors in February next year. A 114 000 sqm exclusive beachside retail destination within the Marassi Al Bahrain development it will boast 415 retailers including some of the world s most iconic brands and luxury boutiques. Marassi Galleria is the region s first beachside shopping mall concept and the only mall in Bahrain where visitors can shop dine and easily access the beach. The mall will also accommodate numerous entertainment venues completely unique to the kingdom. The mall features an entertainment area which includes the kingdom s largest indoor aquarium and underwater zoo an adventure park and a premium cinema complex inclusive of an IMAX screen. Marassi Galleria is...
Read MoreUAE-based real estate developer Imkan has announced the launch of retail and commercial leasing at its Pixel Plaza a lifestyle destination for creators and innovators in the heart of Makers District Abu Dhabi. Offering 12 000 square meters of unique retail space the plaza is located within the Pixel residential development which blends contemporary design with comfort and convenience. Strategically located Pixel Plaza is the first mixed-use residential development and the most vibrant community within Makers District on Al Reem Island. Pixel comprises seven towers and 525 residential units offering a future-forward living experience to its creative-led residents. The residential towers are strategically situated around Pixel Plaza an iconic pedestrianised square that serves as the heart of the community said the developer. ...
Read MoreShopping is a universal pleasure a pastime that transcends borders and cultures but what if we consider that it s not merely about acquiring goods? In the grand tapestry of the global economy retail tourism is a thread that we cannot afford to overlook. In 2019 it contributed 6 per cent to the travel and tourism sector and in some nations it accounted for over 15 per cent of the sector s GDP. However both the travel and retail industries suffered severe blows during the Covid-19 pandemic. As we emerge from this challenging period we must recognize retail tourism as a powerful engine for economic recovery. The pandemic has instilled in consumers a desire for extraordinary personalised experiences. It s a mindset cultivated through resilience I endured and I deserve. This mindset can propel retail tourism to new heights yielding benefits not only for shopper...
Read MoreAmazon Payment Services a regional leader in digital payments operating across the Middle East and North Africa (Mena) region has been granted a Retail Payment Services licence by the UAE Central Bank. Marking a significant milestone for the business this licence enables Amazon Payment Services to unlock an enhanced offering for its merchants across the country through unique products and services directly improving the experience for their customers. Obtaining the licence reinforces Amazon Payment Services position as a trusted payment service provider in the UAE where the company facilitates payment processing for hundreds of merchants including Small to Medium-sized Businesses (SMBs). Operational efficiency This licence enables Amazon Payment Services to invest in operational ...
Read MoreSaudi PIF-backed ADES Holding Company a leading oil and gas drilling and production services provider in the region said its 1.2 billion IPO was oversubscribed 9.8 times by retail investors with over 1.31 million participating. The retail subscription process comprising a maximum of 33 871 875 shares representing 10% of the total Offer Shares had commenced on September 26 and ended at 2pm on September 28. It witnessed participation of 1 307 676 subscribers indicating a coverage of 9.83 times with a total demand of SR4.5 billion ( 1.2 billion). Pro-rata basis Individual Subscribers will receive a minimum of 10 shares each while the remaining shares will be allocated on a pro-rata basis for the remaining demand with an average allocation factor of 6.4951%. ...
Read MoreDFS Group the world s leading luxury travel retailer has announced plans to open the first world-class seven-star luxury retail and entertainment destination DFS Yalong Bay in Sanya Hainan China by 2026. DFS is forecasting an unprecedented investment into a 128 000 sq m site attracting over 1 000 luxury brands including iconic maisons from the LVMH Group once fully operational. DFS Yalong Bay will become Sanya s premier destination for luxury shopping world-class accommodation dining and entertainment serving international and domestic tourists with innovative renowned luxury brands and experiences. DFS Yalong Bay is an incredibly exciting development for DFS and I believe for the Chinese travel industry said Benjamin Vuchot DFS Chairman and CEO in Cannes. Think the glamour and experience of Shanghai Macau Dubai and Las Vegas: now add Sanya to these dream destina...
Read MoreAl Salam Bank has announced the launch of the second edition of its Retail Academy at the Knowledge Centre located at the bank s headquarters. The academy is designed to equip employees with the essential skills and knowledge required to deliver exceptional client service across all facets of retail banking. Over the course of five months Al Salam Bank will partner with the Bahrain Institute of Banking and Finance (BIBF) as well as Asas Training and Roaa for Training & Consulting to conduct a comprehensive series of training sessions encompassing a wide spectrum of topics pertinent to retail banking and personal skills development. Training modules These training modules cover identifying the features of banking services and products evaluating their alignment with individual client nee...
Read MoreRetail tourism is not just about shopping it s about revenue job creation and influencing travellers choices says a new report. The report Global Retail Tourism: Trends and Insights a collaborative effort between the World Travel & Tourism Council (WTTC) The Bicester Collection and Hong Kong Polytechnic University was launched at a thought leadership event exploring the significant untapped potential of retail tourism. Julia Simpson WTTC President & CEO said: In the world of Travel & Tourism retail tourism s significance cannot be overstated. Accounting for over 178 billion of global GDP in 2019 it s time to recognise its true potential. The event took place at La Roca Village part of The Bicester Collection in Barcelona on Friday concluding with a resounding call for attention to the importance of...
Read MoreLeading UAE developer Damac Group has announced the opening of its new retail and leisure destination - Damac Mall - in Dubai. The Damac Mall presents an expansive 110 000-sq-ft space that seamlessly integrates retail hospitality leisure and entertainment offerings. It is envisioned as a hub for unique shopping experiences. Located within Damac Hills it features major international and local brands across various categories including 30 retail stores and 10 F&B outlets. With its unique retail mix across diverse categories that meet the requirements of a community mall Damac Mall expects an annual footfall of around 1.3 million visitors. In addition to the spacious interiors the mall has a large parking area capable of accommodating 360 vehicles. Damac Mall is part of our growing presence in the retail sector. It un...
Read MoreQatar Investment Authority (QIA) has announced today (August 23) an investment of 8 278 crore ( 1 billion) into Reliance Retail Ventures Limited (RRVL) a subsidiary of Indian business conglomerate Reliance Industries Limited (Reliance Industries). QIA s investment will translate into a minority equity stake of 0.99% in RRVL on a fully-diluted basis said the company in a statement. RRVL through its subsidiaries and associates operates India s largest fastest growing and most profitable retail business with a network of over 18 500 stores and digital commerce platforms across grocery consumer electronics fashion & lifestyle and pharma. QIA pointed out that the investment in Reliance Retail was a demonstration of its diversified approach to global investment and confidence in India s fast-growing economy. ...
Read MoreSaudi Arabia has signed an agreement with MBC Group to launch a new satellite television channel dedicated to the richness of Saudi culture. It will boast contents on arts literature history and heritage poetry film and theatre design fashion dining and hospitality. Launching next month the channel is set to broadcast a diverse range of programming focused on the kingdom s rich history in addition to current events and offerings. This comes in line with the cultural objectives of Saudi Vision 2030 cementing the Kingdom s position as a regional hub for culture. The partnership agreement was signed by Prince Badr bin Abdullah bin Farhan Al Saud Minister of Culture for the Kingdom of Saudi Arabia and Waleed bin Ibrahim Al Ibrahim the Chairman of MBC Group. Airing on MBC TV satellite network as well as its streaming platf...
Read MoreAdvertising spend on Connected TV (CTV) is increasing as viewers and advertisers migrate from linear broadcast television according to a new study. However while CTV is keeping overall television spend stable it is not yet attracting new dollars to the platform. As a result CTV growth is three times slower than retail media at the same point in its development says WARC Media s latest Global Advertising Trends report. Additionally the sell side of the market is fragmenting into smaller operators as linear TV spend declines (particularly in the US) transforming the economics of the TV market. The report Connected TV s next episode examines advertising investment and consumption patterns of CTV defined as streamed video viewed on a smart TV or a TV connected to the internet. Co-author of ...
Read MoreAldar Properties (Aldar) has announced an AED500 million ( 136 million) investment plan to redevelop two of its key retail portfolio assets in the UAE: Al Jimi Mall in Al Ain and Al Hamra Mall in Ras Al Khaimah. This investment will take Aldar s committed spend on redeveloping key retail assets to AED1 billion ( 272.2 million). The company has approved a redevelopment plan for Al Jimi Mall to enhance the customer journey and reinforce its position as the mall of choice for residents and visitors in Al Ain. The plan aims to increase the Gross Leasable Area (GLA) by 20 percent to 91 000 sqm and introduce new anchor retailers premium international brands and popular food concepts. The mall will remain open to customers with the project expected to be fully completed by Q1 2025. Following a successful acquisition of Al Hamra Mall in Febru...
Read MoreBatelco part of the Beyon Group has revamped all of its retail shops adding a self-service digital zone designed to elevate the customer retail experience. This step is in line with Batelco s on-going digital transformation of its customer journey in multiple touchpoints such as the website the Batelco app as well as the retail shops. Batelco s new shops enable customers to complete majority of transactions through a simple digital journey. Today Batelco customers can find advanced self-service kiosks that incorporate a wide range of functions including the ability to instantly register and activate a new Postpaid or Prepaid line and receive a new SIM card as well as subscribe to Home Fibre Broadband services with just a few easy steps. Package upgrades Customers can also complete pack...
Read MoreRetail fashion sales in Saudi Arabia are expected to surge 48% to 32 billion from 2021 to 2025 representing an annual growth rate of 13% and luxury retail posting a 19% growth according to a new report unveiled at Paris Fashion Week. This growth is expected to be fuelled by the kingdom s economic expansion and growing population with apparel accessories footwear and luxury goods poised for significant gains. Saudi Arabia s fashion industry holds the largest projected growth rates of any other large high-income market the report said. Sector opportunity A first of its kind focusing on the Saudi Fashion ecosystem The State of Fashion in the kingdom of Saudi Arabia clearly outlines the scale of the sector s opportunity. ...
Read MoreKhalifa Fund for Enterprise Development (KFED) announced its partnership with Bahrain-based Hope Ventures to expand Hope s entrepreneurship-themed reality television show Beban to the United Arab Emirates in its highly anticipated third season. This follows the show s established expansion to the UAE for season two and its success in facilitating investment and strategic opportunities for UAE-based businesses. Having aired for two seasons Beban featured a total of 62 businesses of various sizes and resulted in successful co-investments by the private and public sectors exceeding US 6 million in GCC-based startups. Beban is centered around entrepreneurs and business owners as they pitch their businesses before a panel of regional investors for equity investment and business opportunities. The show s expansio...
Read MorePangaia a global innovative materials science company has collaborated with Lagardere Travel Retail and Dubai Airports as strategic partners to enter travel retail with its first outpost at Dubai International Airport (DXB). Pangaia is located in Concourse B Terminal 3 and occupies a footprint of 182 sqm. The entrance is a bespoke large digital fascia that displays a sneak peek into Pangaia s ethos and serves as a platform to introduce passengers to the brand s Earth-positive mission. Upon entering the space offers a unique immersion into nature starting from the custom-built terrarium as a central feature to the natural soundscape and the invigorating scent in the fitting rooms to emulate the experience of being immersed in a forest. Echoing the brand s purpose the Pangaia store has been mindfully designed around locally sourced finishes natural materials and energy-efficient LED lighting throughout. str...
Read MoreThe National Bank of Bahrain (NBB) has been named as the Best Retail Bank in Bahrain 2023 maintaining this position for the second consecutive year. The bank s Loyalty & Rewards application Points by NBB has won the title of Best App for Customer Experience in Mena 2023 at the Mena Banking Excellence Awards organised by MEED (Middle East Economic Digest). NBB is Bahrain s leading financial institution and the award is a recognition of the bank s highly innovative and customer centric products services and digital platforms. Digitally advanced As a digitally advanced and data-driven organisation NBB continues to deliver tailor-made products and services to meet the day-to-day banking needs of its growing customer base. Points ...
Read MoreBahrain Islamic Bank (BisB) the leading provider of Islamic digital banking services in Bahrain has announced the appointment of Fatema AlAlawi as Chief of Retail Banking. This comes as part of the bank s efforts to recruit efficient Bahraini talents and empower Bahraini women to assume key positions with the aim of continuously establishing a professional and distinguished management team. Throughout her career AlAlawi has contributed to digital banking transformation and the Islamic banking sector in Bahrain where she has played an essential role in leading all aspects of private and retail banking including product development business marketing and branches. She delved in FinTech where she has helped launch Islamic banking platforms and Aion Digital. Proven track record Yaser Alsharifi Chief ...
Read MoreThe 42 billion global CPaaS (Communications Platform-as-a-Service) market will be dominated by Retail & eCommerce (28%) Banking & Finance (13%) and Travel & Tourism (10%) in the next four years says Juniper Research. The new report CPaaS: Strategies Opportunities & Market Forecasts 2023-2027 provides the most complete assessment available on the CPaaS market; identifying the key vendors market trends and strategies that will shape the industry going forward. Retail dominance Juniper Research predicts that the biggest CPaaS sector Retail will account for up to 10 billion for CPaaS vendors globally by 2027; a substantial increase of 135% over 2023 when 4.3 billion will be generated. This growth will be largely driven by the integration of new channels into CPaaS platforms. These will enable online retailers to leverage ri...
Read MoreExplora Journeys has announced that its Explora I cruise ship will offer a truly distinctive retail experience called The Journey. Inspired by the Ocean State of Mind and influenced by the destinations the ship will visit The Journey redefines the shopping experience at sea it said. More than just a place to browse and buy it is a journey of discovery consciousness and craftsmanship with provenance. These qualities are reflected in a stunning collection of more than 30 of the finest artisanal brands. What they all share is a commitment to caring for the planet and its people. Each and every item selected for The Journey is a celebration of creativity passion and the power of discovery each with its own magical story to tell. The offering will include items exclusively designed for Explora Journeys and only available onboard Explora I. &n...
Read MoreAl Ansari Financial Services said that that following the approval from the Securities and Exchange Authority (SCA) Al Ansari Holding has increased the number of shares offering in the UAE retail offer of the Group s initial public offering (IPO). The offering has been to 56 250 000 ordinary shares from 37 500 000 in response to very strong demand from retail investors and elevated oversubscription of the UAE Retail Offer. A total of 750 000 000 (seven hundred and fifty million) shares equivalent to 10% of the Group s issued share capital are on offer. Subsequently given the decision by the Selling Shareholder to increase the allotment to the Retail Investor Tranche the Qualified Investor Tranche will be allotted 693 750 000 ordinary shares instead of 712 500 000 ordinary shares. Based on the previously announced price range of AED1.00 ( 0.272) to AED1.03 per share the size of the retail tranche will now be between AE...
Read MoreAl Ansari Financial Services has announced that following the approval from the Securities and Exchange Authority (SCA) Al Ansari Holding (selling shareholder) has exercised its right to increase the number of shares offering in the UAE Retail Offer of the Group s Initial Public Offering to 56 250 000 ordinary shares from 37 500 000 ordinary shares. The company pointed out that the increase was in response to very strong demand from retail investors and elevated oversubscription of the UAE Retail Offer. A total of 750 000 000 shares equivalent to 10% of the group s issued share capital are on offer. Subsequently given the decision by the selling shareholder to increase the allotment to the Retail Investor Tranche the Qualified Investor Tranche will be allotted 693 750 000 ordinary shares instead of 712 500 000 ordinary shares. Based on the previously announced pri...
Read MoreAl Aan TV has announced the launch of its new show Ana Mawjoud which offers a significant platform for young people to share their stories experiences and aspirations for a better future. The show believes in the youth s vital role as today s pillars and tomorrow s creators in line with Al Aan TV s slogan The story belongs to everyone . Hosted by media personality Maha Fattoum the new show focuses on capturing the fighting spirit and perseverance among young men and women who choose to remain in their home countries - starting with Iraq a country which is witnessing major hardships security political and social challenges. Primary drivers Ana Mawjoud aims to inspire youth in Arab countries especially in Iraq to remain hopeful and continue pushing forwa...
Read MoreThe Sharjah Retail Group of the Sharjah Cooperative Society and the Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad) of the Sharjah Economic Development Department have signed an agreement to work together to better serve entrepreneurs business owners and SMEs in the Emirate of Sharjah reported Wam. Hamad Ali Abdullah Al Mahmoud Director of Ruwad and Abdullah Issa Al Huraimel General Manager of the Sharjah Retail Group signed the agreement in the presence of executives from both sides. Al Mahmoud emphasised the importance of inter-agency collaboration in bolstering the economic and sustainable development of Sharjah and the UAE as a whole and in enabling Emiratis to launch and grow businesses that diversify local service offerings and bolster national competitiveness. The Sharjah Retail Group offers a diverse package of incentives services and facilities to ...
Read MoreHuawei is collaborating with stc tv its regional partner to bring users across the Middle East and North Africa an enhanced innovative digital entertainment experience. The agreement will see stc tv and Huawei collaborate in the digital entertainment field and roll out new bundles and offerings. stc tv is a streaming service that aggregates and curates the top regional and global content for audiences across Mena. With an abundance of content and flurry of OTT platforms available in the market it s becoming increasingly difficult for consumers to navigate discover and engage with the content they like. stc tv solves that paint point through a world-class digital streaming experience that offers the best movies TV shows documentaries kids programs and more from top partners including STARZPLAY discovery Wide Khaliji Cartoon Network Boomerang & more. ...
Read MoreBeban Bahrain s first entrepreneurship-themed reality television show produced by Hope Ventures said its highly anticipated second season is powered by The Oil and Gas Holding Company (closed) (nogaholding). Beban to be aired in January 2023 revolves around entrepreneurs pitching their businesses before a panel of regional investors for investment and strategic business development opportunities. The show aims to shed light on success stories and facilitate the co-investment of high-potential businesses alongside the private sector to strategically accelerate their business growth to regional and international markets. Season 1 resulted in a commitment of five deals worth over 1 000 000 in total and 120 000 worth of advance orders. Bigger and louder Season 2 will be bigger louder and...
Read MoreUAE homegrown retail conglomerate Sharaf Retail significantly expands its presence in the lifestyle market across Middle East and Far East with 23 planned store launches in 2023. This is in addition to three new openings of its flagship brands - Forever 21 Cotton On and BODY at UAE s retail and leisure destination Silicon Central mall. The new stores are spread across a combined area of 23 188 sq ft of shopping space that mirrors the group s expansion strategy across the region. The newly opened Forever 21 and Cotton On stores offer fast fashion at affordable pricing and BODY presents vibrant active and lounge wear for women with a wide mix of apparel offerings for mall visitors. The launch and collection of these flagship brands from the group were unveiled through an immersive experience of three different events embodying the brand s ethos. Forever21 was showcased through a vi...
Read MoreJapanese sports brand ASICS and leading regional conglomerate Apparel Group have partnered to launch ASICS retail stores in Qatar UAE Saudi Arabia Oman and Bahrain. Signifying the brand s commitment to the region the franchise contract encompasses the rollout of 20 stores within the next five years and kick started with the official opening of ASICS store in Qatar on December 5. Located in Doha Festival City Mall the first ASICS retail concept in Qatar features 165 sq m of space showcasing running tennis padel volleyball and kids collections. Customers can find in store the new GEL-KAYANO 29 - the running shoe that is arguably ASICS most iconic model and that has now been improved even further through advanced technologies as well as NOVABLAST 3 shoe - the third generation of ASICS unique cushioning running shoe that offers a bouncing running experience and combines Japan...
Read MoreCity Centre Bahrain the premier shopping entertainment and lifestyle destination in the kingdom has won three prestigious awards at the region s largest retail and shopping centre event the Retail Congress Mena 2022 said its developer Majid Al Futtaim. A leading retail and leisure pioneer across the Middle East Africa and Asia Majid Al Futtaim owns and operates 29 shopping malls (including City Centre malls) 13 hotels and four mixed-use communities. The three awards were presented for City Centre Bahrain s Bahrain National Day campaign Love for your country is the motive the Ramadan campaign Smiles for Ramadan and the Summer campaign Summer Vibes! The top honours were for City Centre Bahrain s engaging interactive and successful campaigns that brought together the local community inspired others and spr...
Read MoreDHL Express a leading global express and logistics provider has marked a breakthrough in retail automation in the Courier Express & Parcel (CEP) industry with the launch of its first digital service point in the UAE. Located at the Dubai Digital Park (DDP) in Dubai Silicon Oasis (DSO) the integrated free zone technology park and member of the Dubai Integrated Economic Zones Authority (DIEZ) this fully automated service point is the first in the Middle East region and across DHL s global network. It is an unparalleled innovation in the industry that is reflective of DHL s market leading position in UAE and initiates an era of digitalizing customer experience in logistics. Launch event The launch event was hosted by DHL Express in collaboration with Dubai Silicon Oasis (DSO) at DSO s owned DDP Dubai s first in...
Read MoreAmericana Restaurants International has announced that it has increased the UAE Retail Offer for its initial public offering (IPO) from 5% to 10% of the total offering so that it becomes equal to the size of the KSA Retail Offer. The KSA Retail Offer remains unchanged at 10% of the total offering however the institutional offer has got reduced from 85% to 80% of the total offering. The adjustment to the offering structure has been made after obtaining the necessary regulatory approvals from the Securities & Commodities Authority (SCA) in the UAE and Capital Market Authority (CMA) in Saudi Arabia. The subscription periods will remain unchanged and will continue until November 21 for individuals and other investors in the UAE and Saudi Arabia (the UAE retail offer and the KSA retail offer); and until November 22 for the offering to qualified institutional investors in a n...
Read MoreRethinking its priorities to address its use of resources for a Net Positive impact has been the core focus of City Centre Bahrain s sustainability plans. Majid Al Futtaim s City Centre Bahrain the premier shopping entertainment and lifestyle destination in the kingdom thus continues to demonstrate its increased efforts to build on its net positive carbon and water targets. Investing in best sustainable practices since the start of its operations in 2008 City Centre Bahrain has been working towards significantly reducing the company s water consumption and carbon emissions to put more back into the environment than it takes out. This is in line with the kingdom s commitment to cut emissions by 30% by 2035. Net Positive The Mall s sustainability initiatives are part of Ma...
Read MoreUAE-based Azizi Developments has announced that it has sold all the retail units within the first and second phase of its mega-project Riviera in Dubai. The freehold units which are among Azizi s finest most ideally located and ROI-inclined retail spaces are easily accessible to both residents and the public and represent a perfect opportunity for new business owners said the developer in a statement. According to Azizi the units within the third and fourth phases of the French Mediterranean-inspired waterfront community in MBR City will be released soon. CEO Farhad Azizi said: We are pleased to announce the sales success we re having with our high-in-demand retail units in Riviera as well as those in our other communities across Dubai s landmark locations. It fills us with pride to see our proj...
Read MoreDubai Festivals and Retail Establishment (DFRE) has unveiled a line-up of citywide events with the announcement of the brand new 2023 Retail Calendar. The 2023 Retail Calendar is packed with a total of 18 events designed to make Dubai one of the best places in the world to live work and visit. The line-up includes the return of the iconic Dubai Shopping Festival Dubai Fashion Season Spring/Summer and Fall/Winter Collections Ramadan and Eid in Dubai Dubai Food Festival Dubai Summer Surprises and more. Dubai Fitness Challenge which has just launched its 6th annual edition will also return for a 7th edition in 2023. The announcement of DFRE s annual Retail Calendar sets the scene for the city s ever-evolving mix of experiences and events taking place at world-class malls attractions and destinations all over Dubai in 2023. Ahmed Al Khaja CEO Dubai Festivals and Retail Establishment (DFRE) said: &l...
Read MoreSaudi Central Bank (SAMA) is seeking public opinion on Draft Standard Retail Consumer Finance Contract being implemented as part of its ongoing efforts to boost the finance sector. To achieve transparency and public participation SAMA has invited the public stakeholders and specialists to submit their feedback and comments on the draft through the Public Consultation Platform of the National Competitiveness Center within 15 days reported SPA. This step comes as part of SAMA s ongoing efforts to advance the finance sector ensure its transactions fairness and protect financial institutions customers. The kingdom s central bank indicated that this Standard Contract was for consumer finance products and aims to reduce differences and disparities in consumer finance contracts among financiers that engage in consumer finance activity by stating...
Read MoreRetail investors in the UAE can mobilise more than AED367 billion ( 100 billion) towards top Environmental Social and Governance (ESG) priorities particularly the financing of climate transition to net zero says a report. Launching its Sustainable Banking Report 2022 titled Mobilising retail investor capital Standard Chartered explores ESG investment opportunities. This capital could also play a critical part in bridging funding gaps in the UAE s other ESG priorities including food and water security as well as pollution and waste management. The new research by Standard Chartered also identified over AED30 trillion of investable retail wealth that could be channelled into sustainable investments by 2030 to finance ESG objectives in 10 growth markets. The report also highlights investment barriers currently faced by investors and recommends solutions to expand sustainable investing (SI) int...
Read MoreDubai-based luxury property developer Damac has announced that steady progress is being made on its first community retail project Ventura Mall with around 40% of the work fully completed. Located in Damac Hills a mega project of the Emirati developer located on Umm Suqeim Road and Hessa Street and home to a flourishing community of nearly 10 000 residents the Ventura Mall is expected to be completed in 2023. Giving a project update Damac said the structure works have been fully completed while blockwork is substantially finished. Lobby MEP works and external façade works are currently in progress. Once complete the mall will boast 36 retail stores which includes 10 F&B outlets and a supermarket. This supermarket will be the second Spinneys in the Damac Hills community and will be much bigger in size at 28 600 sq ft. ...
Read MoreQatar Duty Free a fully owned subsidiary of Fifa Partner Qatar Airways has been named as Official Retail Store for the Fifa World Cup Qatar 2022. This includes a license to exclusively sell all Fifa World Cup Qatar 2022 merchandise in the fan zones and at all eight spectacular stadiums hosting the matches in Qatar. The award-winning retailer has already worked closely with Fifa at the Doha Exhibition and Convention Centre on 1 April where VIP attendees and distinguished guests were able to purchase the Adidas Official Match Ball for the very first time after its reveal at the Final Draw. Qatar Duty Free Vice President Thabet Musleh said: The excitement is building day by day and Qatar Duty Free is thrilled to have been selected as the Official Retail Store for the Fifa World Cup Qatar 2022. This enables international fans to pick up their tournament souvenirs once they arrive in the country allowing fans to enjoy the World ...
Read MoreAl Rostamani Travels and Holidays (ART) a leading travel provider in the UAE has appointed Rajesh Khare as Head of Business Development in its Retail & Leisure department. Rajesh comes with a rich experience of 17 years in the Tourism industry and has extensive knowledge in e-commerce partnerships leisure hotels airlines and marketing. He has worked with leading brands such as Make My Trip Cox and Kings UAE Exchange (Travza) & others. Rajesh holds a Masters in Tourism and has acquired certifications from various Tourism Boards such as Thailand Ireland Austria Switzerland and Britain to name a few and he loves to explore new destinations in his spare time. Rajesh s main area of focus will be to grow ART s Retail Leisure and B2B business with primary objective of driving technology & social media platforms for customer acquisition and distribution network growth in the B2C & B2B channels. ...
Read MoreFINTECH.TV the leading global media technology platform for Digital and Impact Investment content today announced its new studio in Abu Dhabi Global Market (ADGM) the international financial centre (IFC) of the capital city of the UAE. Going live this month FINTECH.TV will add broadcasts from ADGM s financial centre to its daily global coverage. The announcement follows the latest launch of FINTECH.TV s brand new studio on the floor of the New York Stock Exchange last week. Access to thought leaders Vince Molinari Founder and CEO of FINTECH.TV said: Broadcasting live from ADGM the leading digital-first international financial centre will give our global viewers access to thought leaders innovators and market news from one of the most important and leading financial hubs ...
Read MoreLine Investments & Property the shopping mall and management arm of Abu Dhabi-based Lulu Group International has announced that it has signed retail leasing deals to add a wide range of entertainment options at Silicon Central a new two-level retail and leisure destination within Dubai Silicon Oasis. With a total of 81 500 sqm GLA and 3 500 car park spaces Silicon Central will offer a broad mix of brands tailored to ensure shoppers complete satisfaction. Adding to the unique shopping experience a diverse range of dining options will comprise of 24 casual restaurants and cafes as well as 21 food court units making it the perfect place to catch up with friends and families in an enjoyable atmosphere or to enjoy a quick snack on the run stated Line Investments & Property. Announcing a host of strategically curated new brands coming on board Silicon Cent...
Read MoreBeban Bahrain s first entrepreneurship-themed reality show produced by Hope Ventures the investment arm of Hope Fund has partnered with Beyon Money for its second season airing at the end of the year. The show aims to shed light on success stories and facilitate the co-investment of high-potential businesses alongside the private sector. Its first season resulted in a commitment of 5 deals worth over 1 000 000 in total and 120 000 worth of advance orders. The second season is envisaged to be bigger and more exciting as its expansion to include entrepreneurs investors and partners from the United Arab Emirates was recently announced. Beyon Money is a super-app that offers its users a wide range of financial products and services in a single app. Given their impactful role in growing Bahrain s FinTech ecosystem it is expected that this partnership will reflect positively on Beban s shortlisted entrepreneurs as Beyon Money pla...
Read MoreThe Saudi British Bank (SABB) has appointed Bandar Al-Gheshayan as Chief Retail Banking and Wealth Management Officer to lead the bank s strategy in areas including Branch Network Private Banking Digital Banking and Payments. Al-Gheshayan has over 22 years of experience 16 of which he spent in the Saudi banking sector. He joined SABB in 2012 and has held several leadership roles the most recent being Chief Operating Officer for Retail Banking and Wealth Management since 2018. Prior to that he was the Regional Head of Retail Banking and Wealth Management from July 2016 to June 2018. The appointment of Bandar is one of the testaments to the success of career development plans we have at SABB which is considered a major player in managing our most valuable asset our people. said Tony Cripps Managing Director & CEO of SABB. span style= f...
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