ArabianBusiness.com - Middle East Business News
Thursday, 20 November 2008 18:17 UAE time

YOUR DIRECTORY /

Bin Hendi chief sees 20% fall in business

Bin Hendi chief sees 20% fall in business

Retail
Major Gulf retailer says it will take steps to tackle predicted further decline in consumer spending.

Damas set to slow down 2009 expansion plans
Retail
Jewellery retailer says it has seen slowdown in sales at the top end of the market.

Festival City luxury brands extension plan revealed
Retail
New project will create Dubai's biggest collection of top-brand shops.

Burberry turns to Mideast as sales in West slow
Retail
UK luxury fashion brand in joint venture with Dubai's Jashanmal to manage distribution.

more »MIDDLE EAST RETAIL COMMENT

Biting back
As European shoppers turn in force to cheaper alternatives, Middle East retailers need a wake-up call to avoid a potential downturn.

 Lynne Nolan  

Shop like the Germans
As the chill of the global credit crunch spreads wider in global markets, the Middle East's FMCG industry faces a reality check.

 Lynne Nolan

EDITOR'S CHOICE

  1. Amlak suspends new mortgage loans »
  2. Finance still most popular jobs sector: survey  »
  3. Premium air traffic in Mideast tumbles 14% »
  4. First Gulf in share buyback »
  5. Bollywood star chosen for 'Atlantis Goddess' role »

more »OTHER MIDDLE EAST BUSINESS NEWS STORIES

Banking & Finance

  1. Saudi prince ups stake in US banking giant
  2. Lenders ramp up interest rates on home loans

Construction & Industry

  1. Luxury hotel fitter expects to see Dubai slowdown
  2. Global crisis 'yet to seriously hit Gulf construction sector'

Culture & Society

  1. Pop star to give evidence in Bahrain lawsuit case
  2. Finance still most popular jobs sector: survey

Education

  1. UAE education chief reveals $2bn strategy
  2. Saudi hikes student allowance by 50%

Energy

  1. Oil price falls to lowest mark since Jan 2007
  2. Ras Al-Khaimah grants 25-yr oil concession

Healthcare

  1. Ithmar Capital eyes $1.2bn healthcare acquisitions
  2. Raw sewage dumping drivers face deportation

Islamic Finance

  1. ISDA to launch sharia-proof derivative standard
  2. Sukuk to recover in 2009 - BNP Paribas

Media & Marketing

  1. Cirque du Soleil returning to Dubai next year
  2. Emarat Al-Youm in dark over court ban

Personal Finance

  1. Lenders ramp up interest rates on home loans
  2. Amlak suspends new mortgage loans

Politics & Economics

  1. UAE pledges $550mn aid to Afghanistan
  2. Bahrain survey identifies skills shortage

Real Estate

  1. Sama Dubai reviews projects amid global crisis
  2. Developer puts new projects on hold amid global crisis

Retail

  1. Bin Hendi chief sees 20% fall in business
  2. Damas set to slow down 2009 expansion plans

Sport

  1. Determined UAE hold Iran to draw in World Cup qualifier
  2. Australia break Bahrain hearts in World Cup qualifier

Technology

  1. Software boost as ID card registration rush continues
  2. I-Mate not going under, CEO says

Transportation

  1. Super-tanker owners 'in negotiations' with pirates
  2. Abu Dhabi roads death rate 'twice UAE average'

Travel & Hospitality

  1. Luxury hotel fitter expects to see Dubai slowdown
  2. Bollywood star chosen for 'Atlantis Goddess' role

more »MIDDLE EAST RETAIL EVENTS

UPCOMING EVENTS

  1. Retail Management
    16 November 2008 | Dubai, United Arab Emirates
  2. ARTISANAT
    19 November 2008 | Sfax, Tunisia
  3. World Halal Expos - Dubai
    24 November 2008 | Dubai, United Arab Emirates
See all events »

MORE RETAIL STORIES

  1. Company targets Dubai with new $50,000 bed
  2. 60,000 visit Dubai Aquarium in first five days
  3. Egypt's GB Auto Q3 profits surge, sees slowdown
  4. UAE up to third in world consumer confidence list
  5. Mercedes-Benz reports 20% growth in Mideast sales
All Retail news stories »

CURRENT RETAIL TENDERS

  1. Supply 274 mt Ceylon black tea (pekoe or super pekoe)
    Syria
    Closes on: 16 December 2008
  2. Supply natural mineral water
    Syria
    Closes on: 28 December 2008
  3. Provision of food pilot plants for the Agro-Food Vocational School
    Lebanon
    Closes on: 05 March 2009
More Tenders »

SPOT POLL

Following the temporary closure of Kuwait Stock Exchange, what do you think the future holds for Gulf markets?

Markets have reached a nadir and share values will now begin to recover.
Most sectors will soon recover but the real estate shares will suffer for some time to come.
The global financial crisis has only just arrived and markets are in for worse times ahead.
Many more companies will be forced to buy back shares in a bid to boost their value.
ArabianBusiness.com/Jobs - Middle East Jobs Search
  1. General Manager – Retail Leasing (Arabic Speaking)
    Industry: Retail
    Location: Dubai, UAE
  2. General Manager - Mineral Water
    Industry: Retail
    Location: UAE, UAE
Browse all jobs »

MOST POPULAR RETAIL STORIES

EMIRATES ID DOWNLOAD

READER COMMENTS

  1. Bin Hendi chief sees 20% fall in business 1
    20 Nov ' 08 at 15:27
    Or is it consumers are getting smarter in the UAE knowing that they have been paying two folds in tax free city (so called) for an...  More »
  2. Festival City luxury brands extension plan revealed 1
    20 Nov ' 08 at 18:11
    Why is Festival City expanding? The mall has been a disappointment so far. During the week there are no day time customers. The mall's...  More »
Read all user comments >

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