Company Insights Majid Al Futtaim Group Retail Majid Al Futtaim Group News 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 & 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 & 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 Analysis Retail Let the tills ring out: retail is back with a vengeance in the UAE The UAE’s leading retailers are benefiting from a post-pandemic boom that has them eyeing further expansion into the region’s largest markets. Dubai was among the first economies to reopen after lockdown in 2020. It welcomed a flood of holidaymakers from all over the world to the relative freedom of the emirate. Anthony Spary, head of office […] July 27, 2022 Dubai takes roadshow to Africa, India and Europe to court startups Dubai Chamber for Digital Economy has launched a new roadshow series in Africa to attract global startups to the city, with plans to expand the initiative to India and Europe. The first roadshow took place in Ethiopia and Kenya where a delegation from the Chamber met with 20 promising African scaleups specialising in advanced technologies […] June 27, 2022 11 ways robots are transforming the UAE A new AED1 billion ($272 million) library, which opened in Dubai on Thursday, will employ artificial intelligence (AI) in its operations, including in choosing titles and borrowing and returning books. The Mohammed bin Rashid Library will use a first-of-its-kind smart system in the Middle East to send commands to robots to locate books and deliver […] June 16, 2022 Retail Beware the NFT bandwagon, crypto lawyer warns shoppers As Gulf retail brands venture into non-fungible tokens (NFTs), customers need to be careful not to fall for fear-of-missing-out (FOMO) syndrome, and jump on the digital bandwagon without fully understanding what they’re buying into, a leading cryptocurrency and blockchain lawyer has said. Her warning comes as Dubai-based retail giant Majid Al Futtaim (MAF) and blockchain […] June 2, 2022 Posts navigation Previous 1 … 5 6
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 & 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 & 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
Analysis Retail Let the tills ring out: retail is back with a vengeance in the UAE The UAE’s leading retailers are benefiting from a post-pandemic boom that has them eyeing further expansion into the region’s largest markets. Dubai was among the first economies to reopen after lockdown in 2020. It welcomed a flood of holidaymakers from all over the world to the relative freedom of the emirate. Anthony Spary, head of office […] July 27, 2022
Dubai takes roadshow to Africa, India and Europe to court startups Dubai Chamber for Digital Economy has launched a new roadshow series in Africa to attract global startups to the city, with plans to expand the initiative to India and Europe. The first roadshow took place in Ethiopia and Kenya where a delegation from the Chamber met with 20 promising African scaleups specialising in advanced technologies […] June 27, 2022
11 ways robots are transforming the UAE A new AED1 billion ($272 million) library, which opened in Dubai on Thursday, will employ artificial intelligence (AI) in its operations, including in choosing titles and borrowing and returning books. The Mohammed bin Rashid Library will use a first-of-its-kind smart system in the Middle East to send commands to robots to locate books and deliver […] June 16, 2022
Retail Beware the NFT bandwagon, crypto lawyer warns shoppers As Gulf retail brands venture into non-fungible tokens (NFTs), customers need to be careful not to fall for fear-of-missing-out (FOMO) syndrome, and jump on the digital bandwagon without fully understanding what they’re buying into, a leading cryptocurrency and blockchain lawyer has said. Her warning comes as Dubai-based retail giant Majid Al Futtaim (MAF) and blockchain […] June 2, 2022
