Company Insights Majid Al Futtaim Group Retail Majid Al Futtaim Group News 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 Analysis Energy Crown prince keen to catch up after slow start on green energy At a time of heightened global pressure to cut carbon emissions, many Gulf countries are racing to develop their renewable energy credentials. Bahrain, however, has been one of the slower-moving actors, and still relies on conventional fuels for almost all of its electricity. The country had a mere 12mw of renewable capacity in 2021, just […] August 10, 2022 Retail UAE retail economy report shows spending up 16% this year Consumer spending in the UAE is proving resilient against the effects of market volatility, supply chain stress, rising fuel costs and inflation. The State of the UAE Retail Economy report from retail giant Majid Al Futtaim showed that overall spending increased by 22 percent in the first six months of 2022 compared to the same […] August 8, 2022 Analysis Banking and Finance Consolidation coming to Gulf fintech, warns $40bn unicorn VP Consolidation is coming to the Gulf’s fintech sector, according to Remo Giovanni Abbondandolo, senior vice president for MENA at global payments processor Checkout.com. The London-headquartered fintech, which offers a full-stack platform that simplifies payments processes for large global enterprise merchants, closed a $1 billion Series D funding round in January. “In my opinion, if you’re […] August 5, 2022 Analysis Banking and Finance Gulf’s $2bn buy-now-pay-later sector shrugs off global slump Despite the global pessimism surrounding buy-now-pay-later (BNPL) finance providers, the Gulf region continues to push forward with related acquisitions and expansion plans. The recent string of big ticket global BNPL casualties highlights several companies with direct links to the UAE. Abu Dhabi-backed Swedish operator Klarna last month managed to raise $800 million in new funding, […] August 4, 2022 Analysis Retail Net zero is old hat, says the mall owner that wants to go bigger Sustainability is high on the agenda of the region’s major retailers, and in early July, Majid Al Futtaim gave an insight into what it is doing to limit its environmental impact, with the release of its latest environmental, social and corporate governance (ESG) report. The retailer, which owns and operates 29 shopping malls across the […] July 27, 2022 Posts navigation Previous 1 … 5 6 7 Next
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
Analysis Energy Crown prince keen to catch up after slow start on green energy At a time of heightened global pressure to cut carbon emissions, many Gulf countries are racing to develop their renewable energy credentials. Bahrain, however, has been one of the slower-moving actors, and still relies on conventional fuels for almost all of its electricity. The country had a mere 12mw of renewable capacity in 2021, just […] August 10, 2022
Retail UAE retail economy report shows spending up 16% this year Consumer spending in the UAE is proving resilient against the effects of market volatility, supply chain stress, rising fuel costs and inflation. The State of the UAE Retail Economy report from retail giant Majid Al Futtaim showed that overall spending increased by 22 percent in the first six months of 2022 compared to the same […] August 8, 2022
Analysis Banking and Finance Consolidation coming to Gulf fintech, warns $40bn unicorn VP Consolidation is coming to the Gulf’s fintech sector, according to Remo Giovanni Abbondandolo, senior vice president for MENA at global payments processor Checkout.com. The London-headquartered fintech, which offers a full-stack platform that simplifies payments processes for large global enterprise merchants, closed a $1 billion Series D funding round in January. “In my opinion, if you’re […] August 5, 2022
Analysis Banking and Finance Gulf’s $2bn buy-now-pay-later sector shrugs off global slump Despite the global pessimism surrounding buy-now-pay-later (BNPL) finance providers, the Gulf region continues to push forward with related acquisitions and expansion plans. The recent string of big ticket global BNPL casualties highlights several companies with direct links to the UAE. Abu Dhabi-backed Swedish operator Klarna last month managed to raise $800 million in new funding, […] August 4, 2022
Analysis Retail Net zero is old hat, says the mall owner that wants to go bigger Sustainability is high on the agenda of the region’s major retailers, and in early July, Majid Al Futtaim gave an insight into what it is doing to limit its environmental impact, with the release of its latest environmental, social and corporate governance (ESG) report. The retailer, which owns and operates 29 shopping malls across the […] July 27, 2022
