Tuesday, June 18, 2019

Oman, Japan to form $400m food sector fund

Oman and Japan have agreed to set up a joint $400 million fund that will invest in food and agribusiness industries, Omani officials said in a recent statement.
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BreadTalk’s fifth branch now in City Centre Muscat

Award winning boutique bakery BreadTalk rolled out its fifth branch in the Sultanate with the opening of an outlet in City Centre Muscat. Joining a range of lifestyle and international brands within City Centre Muscat’s new expansion, the bakery will cater to the more than 10 million customers that annually visit the destination.
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Danube Home unveils 2019-20 TBK catalogue

Danube Home, the UAE's leading home interior and décor brand launched the TBK (Tiles, Bathroom and Kitchen) catalogue collection for its Milano brand that...
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Saudi Set for Biggest IPO Since 2014

(Bloomberg) -- Fawaz Alhokair Group, the Saudi retailer that owns the franchise for brands like Banana Republic and Zara, may raise as much as $1...
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‘Retail sector has good prospects to flourish in 2016’

'The 2016 Economic Outlook' discussion recently hosted at Capital Club, Dubai's Premier Private City Club and member of the ENSHAA group of companies, and moderated by renowned speaker, advisor and author Dr Tommy Weir, offered members key insights into what to expect in the coming year regarding the region's economy.
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Fashion brand FBB forays into Oman market

fbb – India’s most preferred fashion destination by Future Group – has launched two standalone stores in the Sultanate this week. These two stores, a...
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Calvin Klein to Eliminate High-End Runway Fashion Collection

Calvin Klein is eliminating its high-end fashion collection in a move that will cut 1 percent of its workforce, including jobs at its Milan...
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Arnault Gets $4.3 Billion Richer in a Day, Closing In on...

Bernard Arnault, the world’s fourth-richest person, added $4.3 to his fortune Wednesday as Chinese consumers’ growing appetite for handbags and Hennessy cognac boosted results...
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Debenhams to Close 22 Stores Next Year, Threatening 1,200 Jobs

(Bloomberg) -- Debenhams, the embattled U.K. department-store chain that was taken over by its lenders earlier this month, plans to close as many as 22...
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Alibaba raises $1bn in 85 seconds during Singles’ Day sale

Chinese internet giant Alibaba raked in $1bn (£780m) in just 85 seconds during yesterday’s Singles’ Day sale in China. The e-commerce company - China’s equivalent...
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