After pioneering fast fashion online over a decade ago, Kamani is now setting his sights on transforming Dubai into a global hub of talent and innovation
Retail
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Accessories
Billion dollar beauty
Social media superstar Youmna Khoury already owns and runs one of the region’s fastest growing beauty empires, is undergoing massive regional expansion, and investors from Iraq to Jordan are desperate for a slice of the action. But if the day job is tough for the 26-year-old, it’s nothing compared to her harrowing past
Abdulaziz Hassan Ali Baker
Sun, Sand and Success
Mohammad A. Baker has transformed GMG from a Dubai-based sports retailer into a multi-billion-dollar global well-being company. With a presence in 12 countries, over 600 stores and more than 9,300 employees, the company has grown into a global powerhouse that has ambitions to be active in every major world city within ten years. In a rare interview, the Deputy Chairman and CEO explains how
US textiles firm opens new Bahrain factory, part of $160m investment
WestPoint Home says $9m spinning facility marks its third expansion in Gulf kingdom over past 5 years
500,000 fake auto spare parts seized in Al Ain
Abu Dhabi Department of Economic Development says products confiscated from store are worth $4m
Dubai Municipality to close 119 shisha cafes for violations
Inspection campaign won’t exclude cafés and restaurants in free zones, says official
Saudi dairy giant Almarai reports increase in Q4 net profit
Almarai said earnings were hit by impairment of assets, changes in foreign exchange rates and higher funding costs during the quarter
Novo eyes expansion of 7-star cinema service across Gulf
Novo Cinemas says more screens will be added following sponsorship deal with Qatar Airways
Healthy food to drive growth in retail sector
GCC consumers’ increasing holistic approach to choosing healthy and well-priced items presents a big opportunity for retailers in 2017
Alabbar says Noon to focus on fashion to drive $70bn sales target
New online shopping platform will put high-street fashion at centre of its strategy when it launches later this month
Private equity activity in Gulf region to increase significantly
Fast-growing sectors such as e-commerce, food, FMCG, logistics and business services will dominate investment
$7m pink diamond necklace showcased in Dubai
Dhamani Jewellery said pink diamonds are 20 times more expensive than white diamonds, with prices going as high as $4m a carat
2017 could be the year of the unicorn
More Middle Eastern internet businesses are set to reach that fabled $1bn valuation, says compareit4me.com’s Jon Richards
Why bricks and mortar is not dead for MidEast retailers
Retailers can maximise the potential of their physical stores by standardising the acceptance of digital payment methods.
Dubai expat wins $1m in Dubai Duty Free draw
Portuguese expat won a Porsche Cayenne S in the Dubai Duty Free Finest Surprise
Abu Dhabi’s Masdar City to get new $81m shopping mall
Mall operator Majid Al Futtaim says it will open My City Centre Masdar by the end of 2018
Dubai’s retail sector sees biggest growth since 2010
JLL says Dubai added about 260,000 square metres of new space in 2016, the highest volume since 2010