Company Insights Majid Al Futtaim Group Retail Majid Al Futtaim Group News Analysis Economic success for Menap hinges on greater regional trade Many countries in the Middle East, North Africa, Afghanistan and Pakistan (Menap) region are enjoying growth, but new research has found that intra-regional exports account for only 2.9 percent of total gross domestic product. This compares to a global average of 7.9 percent, and 22 percent across the European Union (EU), Norway, Switzerland and the […] January 24, 2023 Retail Dubai conglomerate Majid Al Futtaim replaces CEO Bejjani Alain Bejjani has been replaced at the helm of Dubai-based retail and property conglomerate Majid Al Futtaim (MAF). The Lebanese business executive had been CEO of the company since 2015. During his eight year tenure in charge, Bejjaini led the digital transformation of the company and spearheaded its drive towards sustainability. MAF also completed major […] January 14, 2023 Lifestyle Majid Al Futtaim opens Mena’s largest indoor snow park in Oman UAE-based Majid Al Futtaim has opened Snow Oman, the largest indoor snow park in Mena. The snow park in the Mall of Oman covers an area of 14,830 square metres with a “Desert Blizzard” theme. The park has rides such as the Mountain Thriller, Snow Bullet, Slide Winder, Cloud Climber, and Zorb Ball, unique attractions […] December 25, 2022 Analysis Saudi Arabia Vision 2030 ‘Entertainment is the new retail’ for Riyadh malls More than half the new retail space being developed in Riyadh is dedicated to entertainment venues, research has found, as Saudi Arabia seeks to attract younger people to malls. At the Mall of Saudi, being developed by Majid Al Futtaim in north Riyadh, large areas will be allocated to dining, leisure and entertainment – and […] December 7, 2022 Banking & Finance MAF clinches $1.25bn sustainability-linked loan UAE-based retail group Majid Al Futtaim (MAF) has secured its second sustainability-linked loan as part of its strategy to become ‘net carbon positive’ by 2040. The $1.25 billion-equivalent revolving credit facility with First Abu Dhabi Bank was agreed on Monday. MAF, which owns and operates 29 shopping malls across the Middle East and Africa as […] December 5, 2022 Exclusive Interviews MassiveMusic is making some noise with Middle East move “Sonic branding” is not a term many people outside the marketing industry are familiar with, especially in the Gulf region. But they may become more so, as companies increasingly adopt music strategies to reach their customers. “We know the effect that successful music can have on communication, and it is fast becoming a point of […] November 25, 2022 Sustainability Slump in plastic bag usage as Dubai tackles carbon footprint Plastic bag use has plummeted at UAE retail outlets operated by Majid Al Futtaim following the emirate’s introduction of a mandatory AED25 ($6.81) bag charge. In a small, but notable step towards reducing the UAE’s vast carbon footprint, Majid Al Futtaim said plastic bag use fell 85 percent in the three months since charges began […] November 12, 2022 BLACK FRIDAY Retail Dubai’s bricks-and-mortar stores hold their own against e-commerce Dubai is experiencing a retail boom — and, bucking global trends for online shopping, much of it is being led by brick-and-mortar stores catering to in-person shoppers. According to a new report by Dubai-based Commercial Real Estate Consultants (CRC), in-person retail transactions in the city this year are up by 133 percent, and transaction value […] November 11, 2022 Sustainability UAE rallies private sector to realise 2050 net-zero pledge The UAE has launched its first ‘Climate-Responsible Companies Pledge,’ in a bid to boost the private sector’s role in helping the country achieve its target of net zero carbon emissions by 2050 – dubbed the Net Zero 2050 Strategic Initiative. More than 21 UAE-based companies have so far signed up to the pledge, unveiled by […] September 1, 2022 Retail UAE’s Majid Al Futtaim sees 73% surge in digital grocery sales UAE retail conglomerate Majid Al Futtaim (MAF) recorded a 73 percent year-on-year rise in digital grocery sales in the first half of 2022, helping its total pre-tax earnings to rise 18 percent. The privately owned company, which operates the Carrefour supermarket brand in the Middle East, Africa and Asia, said earnings before interest, taxes, depreciation, […] August 24, 2022 Posts navigation Previous 1 … 4 5 6 Next
Analysis Economic success for Menap hinges on greater regional trade Many countries in the Middle East, North Africa, Afghanistan and Pakistan (Menap) region are enjoying growth, but new research has found that intra-regional exports account for only 2.9 percent of total gross domestic product. This compares to a global average of 7.9 percent, and 22 percent across the European Union (EU), Norway, Switzerland and the […] January 24, 2023
Retail Dubai conglomerate Majid Al Futtaim replaces CEO Bejjani Alain Bejjani has been replaced at the helm of Dubai-based retail and property conglomerate Majid Al Futtaim (MAF). The Lebanese business executive had been CEO of the company since 2015. During his eight year tenure in charge, Bejjaini led the digital transformation of the company and spearheaded its drive towards sustainability. MAF also completed major […] January 14, 2023
Lifestyle Majid Al Futtaim opens Mena’s largest indoor snow park in Oman UAE-based Majid Al Futtaim has opened Snow Oman, the largest indoor snow park in Mena. The snow park in the Mall of Oman covers an area of 14,830 square metres with a “Desert Blizzard” theme. The park has rides such as the Mountain Thriller, Snow Bullet, Slide Winder, Cloud Climber, and Zorb Ball, unique attractions […] December 25, 2022
Analysis Saudi Arabia Vision 2030 ‘Entertainment is the new retail’ for Riyadh malls More than half the new retail space being developed in Riyadh is dedicated to entertainment venues, research has found, as Saudi Arabia seeks to attract younger people to malls. At the Mall of Saudi, being developed by Majid Al Futtaim in north Riyadh, large areas will be allocated to dining, leisure and entertainment – and […] December 7, 2022
Banking & Finance MAF clinches $1.25bn sustainability-linked loan UAE-based retail group Majid Al Futtaim (MAF) has secured its second sustainability-linked loan as part of its strategy to become ‘net carbon positive’ by 2040. The $1.25 billion-equivalent revolving credit facility with First Abu Dhabi Bank was agreed on Monday. MAF, which owns and operates 29 shopping malls across the Middle East and Africa as […] December 5, 2022
Exclusive Interviews MassiveMusic is making some noise with Middle East move “Sonic branding” is not a term many people outside the marketing industry are familiar with, especially in the Gulf region. But they may become more so, as companies increasingly adopt music strategies to reach their customers. “We know the effect that successful music can have on communication, and it is fast becoming a point of […] November 25, 2022
Sustainability Slump in plastic bag usage as Dubai tackles carbon footprint Plastic bag use has plummeted at UAE retail outlets operated by Majid Al Futtaim following the emirate’s introduction of a mandatory AED25 ($6.81) bag charge. In a small, but notable step towards reducing the UAE’s vast carbon footprint, Majid Al Futtaim said plastic bag use fell 85 percent in the three months since charges began […] November 12, 2022
BLACK FRIDAY Retail Dubai’s bricks-and-mortar stores hold their own against e-commerce Dubai is experiencing a retail boom — and, bucking global trends for online shopping, much of it is being led by brick-and-mortar stores catering to in-person shoppers. According to a new report by Dubai-based Commercial Real Estate Consultants (CRC), in-person retail transactions in the city this year are up by 133 percent, and transaction value […] November 11, 2022
Sustainability UAE rallies private sector to realise 2050 net-zero pledge The UAE has launched its first ‘Climate-Responsible Companies Pledge,’ in a bid to boost the private sector’s role in helping the country achieve its target of net zero carbon emissions by 2050 – dubbed the Net Zero 2050 Strategic Initiative. More than 21 UAE-based companies have so far signed up to the pledge, unveiled by […] September 1, 2022
Retail UAE’s Majid Al Futtaim sees 73% surge in digital grocery sales UAE retail conglomerate Majid Al Futtaim (MAF) recorded a 73 percent year-on-year rise in digital grocery sales in the first half of 2022, helping its total pre-tax earnings to rise 18 percent. The privately owned company, which operates the Carrefour supermarket brand in the Middle East, Africa and Asia, said earnings before interest, taxes, depreciation, […] August 24, 2022
