UAE petrol prices to fall in December, following a reduction to the cheapest levels seen this year
Retail
Abu Dhabi
Eid Al Etihad holiday announced; UAE petrol prices set to change; AED100m lottery launched; Riyadh Metro opening date – 10 things you missed this week
UAE petrol prices, Eid Al Etihad holiday dates, national lottery announced, Riyadh Metro launch and more top news stories this week
6thStreet
UAE fashion major 6thStreet leverages Gupshup to boost marketing ROI
Conversational marketing by companies like Gupshup provide personalized, segment-based marketing tools to companies and brands on channels like WhatsApp
Du
Eid Al Etihad 2024: du offers 53GB of free data for UAE National Day
UAE telecoms firm du is offering customers free data to celebrate Eid Al Etihad
Consumer goods
UAE consumer spending hit $3.7bn in Q3 as shoppers move online and seek quick commerce
UAE consumer spending increased by 4.8 per cent compared to same period last year
eyewa
Eyewa raises $100m in Series C funding round, plans 100 new stores in 2025
Rapidly growing eyewear retailer eyewa plans massive expansion in 2025 after securing $100m in funding
Public joint-stock companies
UAE retailer Union Coop plans switch to become public joint-stock company
Union Coop mulling a shift from consumer cooperative society to public joint-stock company
Abu Dhabi chamber
Abu Dhabi Chamber reveals surge in UAE F&B exports as revenues set to hit $38.3bn
The UAE food and beverage industry is thriving and Abu Dhabi Chamber of Commerce and Industry is supporting businesses in the sector
Abu Dhabi
UAE petrol prices to change for December 2024
UAE petrol prices increased last month following a reduction the month before and will change again this week
ACRES Real Estate Exhibition
Millionaires flock to UAE; Sharjah slashes real estate fees; Free zone offers fast-track visas; Neymar invests in Dubai property; Black Friday bargains – 10 things you missed this week
Millionaires in the UAE, real estate promotion in Sharjah, fast-track visas at new free zone, Dubai property updates and more of the top news stories this week
E-commerce
MENA shoppers to increase spending by 10% in November mega sales: Study finds
The additional shopping spree is supported by an eight percent jump in the overall e-commerce spending in the region in 2024
Landmark Group
Mashreq, Landmark Retail sign Qatar’s first private sustainability-linked loan
The partnership will contribute to Mashreq’s commitment to facilitate $30 billion of sustainable finance by 2030
India
Lulu Retail revenue reaches $1.86 billion in first post-IPO result
Revenue up 6.1% for Q3 2024 and 5.7% YoY for 9M 2024; Q3 EBITDA increases 9.9% to $176.3 million; Group opens 12 new stores in 9M 2024
Doha Festival City
Doha Festival City: More than fashion
Doha Festival City is redefining fashion and beauty experience in Qatar’s evolving market
Black Friday
Black Friday: Sales in UAE predicted to see major spike this season as retail majors offer up to 80% discount
Digital media channels are preparing for a major promotional blitz to elevate this year’s Black Friday sales to an entirely new level
DSF
Dubai Shopping Festival 2024-25: Fireworks, sales, raffles, competitions and more
Dubai Shopping Festival set to return with new firework displays, sales, raffles and promotions
Dubai Gold Souk
Dubai shoppers offered chance to win 24K gold-plated Tesla Cybertruck
Win a 24K gold-plated Tesla Cybertruck in Dubai’s Gold Souk Extension promotion