Friday, August 23, 2019

Oman’s Upward Mobility Via E-commerce

Oman has been making headway in terms of digital transformation, and E-commerce is the obvious step forward. The Sultanate aims to encourage the growth...
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Huawei Inaugurates Its Largest Experience Store in Oman

Huawei Consumer Business Group (CBG) has opened its largest Experience Store in Muscat. The new store on the Ground Floor of City Centre Muscat...
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Ted Baker Plunges After Markdowns Deepen UK Retailer’s Crisis

(Bloomberg) -- Ted Baker plunged after warning that markdowns and “extremely difficult trading conditions” will hurt its results, another setback for the UK retailer...
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Salalah Grand Mall signs lease agreements

Salalah Commercial Centre hosted the signing ceremony of 27 new lease agreements for the new ‘Salalah Grand Mall’ mixed-use commercial complex located in the...
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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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Qatar Fund Buys Chunk of $5.6 Billion Manhattan Portfolio

(Bloomberg) -- Qatar is betting big on some prime retail on Fifth Avenue and Times Square.Vornado Realty Trust sold almost half of a $5.6 billion...
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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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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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Gulf Capital JV in Talks to Sell Abu Dhabi Mall to...

(Bloomberg) -- Abu Dhabi-based private equity firm Gulf Capital PJSC is in talks to sell a mall to Mubadala Investment Co. and is raising a...
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McDonald’s $300 Million Tech Deal Is Its Largest in 20 Years

McDonald’s, in its largest acquisition in 20 years, is buying a decision-logic technology company to better personalize menus in its digital push.The world’s biggest...
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