Jacobs Coffee rolls back the years with Parkhurst pop-up store

The Jacobs Board Game Café, just off Parkhurst's trendy 4th Avenue, is helping people make connections the old-fashioned way this winter. There's no WI-Fi, no apps and not so much as an iAnything as far as the eye can see - just a wide selection of your best loved board games, some nostalgic favourites and... Continue Reading →

Dubai’s Nakheel Has First-Quarter Profit As Market Recovers

Nakheel PJSC, the state-controlled builder of artificial islands off Dubai’s coast, reported a first-quarter profit after a year-earlier loss as it delivered more completed properties to buyers. Net income totalled 362 million dirhams ($98.6 million) in the three months through March, compared with a 36 million- dirham loss a year earlier. Revenue more than doubled... Continue Reading →

Pound stretcher store opens in dubai

British bargain-basement store Poundstretcher has flung open its doors to savvy shoppers in Dubai who love a discount deal. The iconic British high-street shop, which opened at Madina Mall in Al Qusais, Dubai, yesterday, has kept its ‘every penny counts’ motto on the signs and the £-stretcher logo above the door - even though every... Continue Reading →

Ramadan month seen starting on July 21

A UAE astronomer has forecast the Muslim's fasting month of Ramadan could start on Saturday July 21, with Eid Al Fitr falling on August 19. Ibrahim Al Jarwan, astronomy researcher and supervisor of Sharjah Planetarium, said that the birth of the crescent moon will be on Thursday, July 19, at 8.24am (UAE time), and the... Continue Reading →

Gitanjali mulls jewelery vending machines for Dubai

India’s Gitanjali Group, one of the world’s largest jewelery retailers, is considering expanding its network of jewelery vending machines into Dubai as part of its investment in the region, the founder and chairman of the company told Arabian Business. The firm launched jewelery vending machines in India last year, displaying a range of 36 gold,... Continue Reading →

Fashion brands charge shoppers more in UAE

Shoppers across the UAE are paying as much as 25 per cent more for major fashion brands than elsewhere in the world. Related ■ Emirati shoppers to save with Ramadan Ration Topic Shopping Despite lower rents, no added taxes and negligible customs duties in the UAE, the country is more expensive for brands such as... Continue Reading →

Clinton Cards deal to be struck within days

Clinton Cards looks likely to be bought out of administration by the end of next week if not earlier as would-be suitors jostle to take control. Administrator Zolfo Cooper aims to sell the business by June 8, it is understood. At the time of publication, sources indicated that a sale could come even earlier. Clinton... Continue Reading →

Saudi closes in on minimum wage deal

Saudi Arabia aims to complete a study on setting a minimum wage for private sector workers within four months, local media quoted the labour minister as saying, part of a government drive to make jobs more appealing to nationals and cut unemployment. The jobless rate in the world's top oil exporter is now running at... Continue Reading →

KSA economy grew 7.1% in 2011 on high oil prices – IMF

Saudi Arabia's economy grew 7.1 percent last year, while its non-oil sector accelerated 8 percent, the highest since 1981, the International Monetary Fund said. "Economic performance has been exceptionally strong and the outlook remains buoyant,'' Masood Ahmed, the IMF's Middle East direct said in a statement on the Washington-based organisation's website. "Oil production has been... Continue Reading →

UK retailer Waitrose to strengthen Dunnes link

Irish chain will stock more goods from British supermarket giant HIGH-END UK grocery chain Waitrose is planning to deepen its relationship with Dunnes Stores by supplying the Irish retailer with more products, the Irish Independent has learned. Dunnes has been selling Waitrose-branded goods in some outlets here since last November. A spokesman for Waitrose said... Continue Reading →

Special Report: Ras Al Khaimah ….UAE

Ras Al Khaimah, the fourth-largest emirate in the UAE, today boasts a rapidly growing economy, thanks to the ambitious process of economic diversification adopted by the government that primarily focuses industry, trade and commerce, tourism and real estate. While Ras Al Khaimah’s business-friendly policies have ensured a brisk increase in foreign direct investments, it has... Continue Reading →

Five arrested following Qatar mall blaze

The daughter of Qatar’s Minister of Culture, Arts and Heritage has been arrested along with four others following the fire at Doha's Villaggio Mall, which killed 19 people. Iman Al-Kuwari, who ran the Gympanzee childcare facility in the retail centre, was arrested along with the mall’s manager, assistant manager and the assistant director of security,... Continue Reading →

Ramadan night market to open in Dubai

A night market is set to launch in Dubai during Ramadan with retailers from around the region selling a variety of quirky products and speciality foods. The Ramadan Night Market will host up to 300 independent retailers over 10 days in the Dubai World Trade Centre and will sit alongside the Majlis tent and the... Continue Reading →

Spanish retail sales show record fall in April

May 29 (Reuters) - Spanish retail sales fell 9.8 percent year-on-year in April on a calendar-adjusted basis, official data showed on Tuesday, 6 percentage points greater than the revised fall of 3.8 percent in March. The data from the National Statistics Institute marked the 22nd month in a row of falling retail sales data and... Continue Reading →

Dubai economy grows by 3.4% in 2011

Dubai's economy expanded by 3.4 percent in 2011, helped by strong trade flows and rising tourist numbers, Arif Obaid al-Muhairi, executive director of the Gulf Arab emirate's statistics office was quoted as saying on Tuesday. One of seven UAE saw its gross domestic product rise to AED306.2bn (US$83.4bn) last year from AED296.1bn in 2010, Muhairi... Continue Reading →

NAMA to fund €13m Charlestown project …

NAMA is funding the €13m extension of the Charlestown Shopping Centre in north Dublin, which is being undertaken by the Bailey brothers. About 200 people are expected to be employed in the construction of part of the project, a new UCI/Odeon cinema complex and leisureplex due for completion in November 2013. The funding also includes... Continue Reading →

Tesco boss declines £372,000 bonus

Tesco chief executive Philip Clarke's pay was cut by 49% after he declined a bonus amid slumping earnings at the British retailer. The Irish Times reports the executive's total pay was €1.2 million in fiscal 2012, compared with €2.3 million a year earlier. Clarke declined a bonus payment of approximately £372,000, stating that "I wasn't... Continue Reading →

UK retail sales improve in May

CBI poll of its retailers finds that 43% reported an increase in sales on a year ago, but sales remain below average for May Retail sales improved in May, but remain below average for the time of year, according to a survey by the CBI. The business lobby group said a poll of its retailers... Continue Reading →

Amazon to hire 100 staff in Dublin

More than 200 new jobs are to be created across four companies in counties Dublin, Limerick and Carlow. Online retailer Amazon today announced plans to hire about 100 new staff to work at its development centre in Dublin. The company said it was seeking to recruit support engineers, systems engineers, network engineers, software developers and... Continue Reading →

Landmark mulls deal with Auchan in India

Dubai-based retailer the Landmark Group is mulling a joint venture with French supermarket chain Auchan in India. The company, which already operates Dutch retail chain Spar in the sub-continent, said talks were still in the early stages. “[The deal] is very preliminary; there is a long way to go, we have only just started talking... Continue Reading →

Bahrain to build China-themed mall

Bahrain’s Diyar Al Muharraq has signed a deal with Chinamex to develop a 334,000 sq ft China-themed shopping mall in the Gulf state. Dragon City, slated for completion in September 2014, will have an initial capacity for up to 100 Chinese companies and businesses. The mall, located in the downtown area of the Diyar Al... Continue Reading →

British brands find hope in the Gulf

They did it before and had their fingers burnt. Who can forget the ignominious retreat from France by Marks & Spencer, which 11 years ago had to lower the Union Jack on its European stores. But now British retailers are pushing overseas again and the Middle East is one of their priority markets. Faced with... Continue Reading →

George Osborne forced into pasty tax U-turn

The government's reputation has suffered a series of fresh blows as the chancellor, George Osborne, was forced to make two climbdowns over his budget, including scrapping the "pasty tax", and ministers prepared to make a series of new concessions over secrecy. Osborne is to reverse plans to charge VAT on food that is designed to... Continue Reading →

Irish retail sales fall sharply in April

Download the report here May 28 (Reuters) - The volume of Ireland's retail sales fell 1.5 percent in April and stood 2.7 percent lower on the year, Central Statistics Office figures showed on Monday. Final figures for March showed a monthly rise of 0.1 percent volumes to give a 0.9 percent drop on an annual... Continue Reading →

New Online boutique showcases British designers

New website Itsmygeneration.co.uk sells womenswear, menswear, accessories and childrenswear Online boutique itsmygeneration.co.uk launched earlier this month, selling a selection of womenswear, menswear, accessories and childrenswear. Itsmygeneration is crafted by emerging designers from across the UK. The website offers free insertion and low commission rates, to keep costs low for independent designers. “As an independent online... Continue Reading →

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