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    Sharaf Group announces expansion plans

    Sharaf Group announces expansion plans

    27 Sep 2024

    Gulf Network Residents and tourists flocked at the latest location of a UAE-homegrown retail brand on Friday, south of Dubai. Even before the regular 10 a.m. operation hours, a...

    UAE, S.Arabia to drive expansion of GCC retail industry

    UAE, S.Arabia to drive expansion of GCC retail industry

    27 Sep 2024

    Alpen Capital’s latest retail sector report for the GCC projects the industry to witness growth at a compounded annual growth rate (CAGR) of 4.6 per cent between 2023 – 2028,...

    Weak China factory output, retail sales add to urgency for stimulus

    Weak China factory output, retail sales add to urgency for stimulus

    14 Sep 2024

    China’s industrial output growth slowed to a five-month low in August, while retail sales and new home prices weakened further, bolstering the case for aggressive stimulus to shore up the...

    Eleven of UAE’s leading e-commerce retailers sign new Compliance Pledge

    Eleven of UAE’s leading e-commerce retailers sign new Compliance Pledge

    19 Aug 2024

    Eleven of the UAE’s leading e-commerce retailers and platforms have joined forces with the Ministry of Industry and Advanced Technology by signing the Compliance Pledge. This significant step is aimed...

    RBI signs pact with 4 ASEAN countries for instant cross-border retail payments

    RBI signs pact with 4 ASEAN countries for instant cross-border retail payments

    01 Jul 2024

    India has joined Project Nexus, a multilateral international initiative that aims to enable instant cross-border retail payments through interlinking payment systems of various countries. Nexus was conceptualised by the Innovation...

    Middle East beauty industry set to reach $47b by 2027

    Middle East beauty industry set to reach $47b by 2027

    21 May 2024

    Inayat-ur-Rahman, Business Editor DUBAI: The Middle East beauty industry is estimated to be worth $47 billion by 2027, and new players are seeking to tap the booming market. Avanta...

    India’s retail inflation eases to five-month low in March

    India’s retail inflation eases to five-month low in March

    14 Apr 2024

    India’s annual retail inflation rate eased in March to a five-month low helped by a drop in fuel prices, government data showed on Friday, but economists say a rate cut...

    Olayan and Lunate buy a 49% stake in ICD Brookfield Place

    Olayan and Lunate buy a 49% stake in ICD Brookfield Place

    08 Apr 2024

    Gulf Today, Staff Reporter Investment Corporation of Dubai (ICD) and Brookfield Corporation (Brookfield) announced an agreement with Olayan Financing Company and Lunate for the sale of a 49% stake...

    UK retail sales up, suggesting recession will be short-lived

    UK retail sales up, suggesting recession will be short-lived

    16 Feb 2024

    British retail sales rose by a stronger-than-expected 3.4% in January, according to official figures that showed signs of strength among consumers a day after data confirmed the country’s economy entered...

    British retail sales slump of 3.2% points to new risk of recession

    British retail sales slump of 3.2% points to new risk of recession

    19 Jan 2024

    British retailers suffered the biggest drop in sales for almost three years during December, raising the risk that the economy slipped into recession late last year, official data showed...

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