Majid Al Futtaim reports 2024 results across real estate, retail, lifestyle and entertainment divisions
Majid Al Futtaim – Retail
Latest in Majid Al Futtaim – Retail
Carrefour
Dubai’s Carrefour launches 24/7 delivery service as night shopping surges
The service is available exclusively through the Carrefour mobile application
Dubai
Majid Al Futtaim announces 5% revenue growth in H1 2023
CEO says Majid Al Futtaim is successfully balancing strategic growth with profitable and responsible execution
Majid Al Futtaim
Majid Al Futtaim revenue hit $9.9bn last year
Retail giant Majid Al Futtaim reported profit of $1.1bn in 2022
Carrefour
UAE supermarket locks prices as inflation spikes cost of living
Carrefour locks in the prices for over 200 products
Alain Bejjani
Majid Al Futtaim hires over 700 employees, achieves localisation milestone
The company is on track to welcome 3,000 Emiratis by 2026
Carrefour
Revealed: Customers can avail up to 60% discounts on Carrefour’s online products from 20-26 June
Discounts will be applicable for consumers through the retailer’s e-commerce website and mobile app
accelerator programme
Majid Al Futtaim launches accelerator programme for regional SMEs and startups
It is working in partnership with AstroLabs to identify ambitious young brands and provide them with the support and the tools to succeed
Bernardo Perloiro
UAE consumers feel the pinch of inflation as prices of cooking oil and flour rise
Flour prices surged 40 percent and cooking oil rose 20 percent compared to pre-Covid prices
animal welfare
UAE retail giant commits to animal welfare in region’s first cage-free eggs deal
Majid Al Futtaim says working towards a 100% cage-free shell egg private label assortment across all markets by 2030
Carrefour
Carrefour “applaud” Dubai’s decision to charge for plastic bags, ban in two years
Dubai approved a policy to limit single-use plastic bags by imposing a tariff of 25 fils on bags used for carrying goods starting from July 1.
Carrefour
UAE retail giant explores self-driving robots to deliver groceries to your door
Majid Al Futtaim collaborates with Yandex to explore use of self-driving robots from early 2022
Dubai mall operator
Majid Al Futtaim reports ‘robust’ H1 performance despite 10% revenue decline
Mall and community developer revealed that its financial standing showed ‘resilience’, with net profits reaching $180.2m, as it overcomes worst of the pandemic
automated fulfilment centre
Why robots don’t mean redundancies for MAF Retail’s Saudi operations
CEO Hani Weiss revealed huge expansion plans for the company’s Saudi operations, including the creation of up to 3,600 new jobs in the next five-to-six years
Carrefour
Carrefour plans ambitious expansion for 2021
CEO of Majid Al Futtaim Retail, Hani Weiss, reveals target of 450 stores by the end of the year
Blockchain
Carrefour launches blockchain tech to increase food traceability
Retail giant has joined IBM Food Trust, a blockchain-enabled global ecosystem for the food industry run on IBM Cloud
Cairo Festival City Mall
Dubai’s Al-Futtaim says Egypt mall expansion to open in 2023
First phase of Cairo Festival City Mall to be completed by the end of 2021