Top Retail News

Damas International Revenues Up by 33.7% in 1H '07

Damas International Limited, the international integrated jewellery and watch retailer, today reports results for the six months ended 30 June 2008. The group's revenue grew by 33.7% to AED 2.4 billion (H1'07: AED 1.8 bn) in spite of high gold prices. Press Release - 29Aug 11:11GMT
Lulu opens new hypermarket in Riffa in Bahrain

The BD14 million Bahrain's largest hyper-market, sprawling over 300,000 square feet, Lulu Hyper-market in East Riffa opened its doors for business. Bahrain Tribune - 28Aug 05:35GMT
UAE retailers raise prices despite Ministry of Economy warning

Several establishments dealing in basic commodities have increased the prices of their goods ahead of Ramadan this year, despite warnings from UAE Ministry of Economy (MoE) that they will be fined and their trade licences cancelled. Emirates Business 24/7 - 28Aug 05:30GMT
Shops penalised over unauthorised price rises in Dubai

The Ministry of Economy yesterday penalised some shops at the Fruit and Vegetable Market in Al Aweer over unauthorised price increases, a source said. Gulf News - 28Aug 05:15GMT
Dubai diesel prices will fall further

Dubai oil retailers - Emirates National Oil Company (Enoc), Emirates Petroleum Products Company (Eppco) and Emarat - will further slash diesel prices at the pumps by 50 fils a gallon effective September 1, marking their sixth straight cut in prices in a little more than a month. Gulf News - 28Aug 05:14GMT
Ministry slaps fines over illegal price increase

Several retailers and wholesalers were fined by the Ministry of Economy yesterday after an inspection found they had raised prices of commodities without authorisation. Emirates Business 24/7 - 27Aug 08:26GMT
Kraft Foods' MEA revenue growth reaches 13.2 per cent

Kraft Foods' Middle East and Africa operations delivered double digit organic net revenue growth at 13.2 per cent, resulting in a combined organic net revenue growth of 17.1 per cent for developing markets. Khaleej Times - 27Aug 06:57GMT
Growing demand to push LCD TV revenues to Dh11.6 billion by 2011

Prospering regional economies combined with growing disposable incomes and interests in technology are fuelling demand for bigger and better LCD TVs in the Middle East. Gulf News - 27Aug 06:54GMT
Prices of goods in Lebanon surge by 7.2% since start of year

Prices of consumer goods continued to climb in Lebanon as the debate over the minimum wages intensified. According to a study by the Consumer Price Index (CPI), prices of goods in general rose by 7.2 percent in the first seven months of 2008. The Daily Star - 27Aug 05:04GMT
Demand for LCD TVs in MEA to reach 6.1M by 2011

Prospering regional economies combined with growing disposable incomes and interests in technology are resulting in Middle East consumers demanding bigger and better LCD TVs. Press Release - 26Aug 08:59GMT

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