UAE Digital VAT Refund System for Tourists Expands to 19,340 Outlets and 100 Kiosks UAE Federal Tax Authority: digital VAT refund system for tourists now covers 19,340 connected retail outlets …
Retail
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Business
Emirates NBD Egypt announces acquisition of HSBC Egypt retail banking arm pending approvals
by James Bryantby James BryantEmirates NBD Egypt acquisition: Group agrees to buy HSBC Egypt’s retail banking business Emirates NBD Egypt acquisition: Emirates NBD’s Egyptian arm has signed final agreements to acquire HSBC Egypt’s retail …
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Business
Emirates NBD Egypt signs definitive agreements to acquire HSBC Egypt retail operations
by James Bryantby James BryantEmirates NBD Egypt to acquire HSBC Egypt retail banking unit in deal expected in H2 2027 Emirates NBD Egypt will acquire HSBC Egypt’s retail banking business, including branches, ATMs, customers …
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Business
Dubai announces expanded 2026-27 retail calendar and 10-day April 2027 electronics festival
by James Bryantby James BryantDubai retail calendar expands for 2026–2027 with 10‑day electronics festival in April 2027 Dubai announces an expanded retail calendar for 2026–2027 with a 10‑day Electronics Festival in April 2027, aiming …
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China consumption slump deepens as retail auto and smartphone sales plunge China consumption slump deepens as June retail auto sales fell 23% and smartphones dropped 13%, exposing weak domestic demand …
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Business
UAE retail sector strengthens supply chains, boosts local sourcing after H1 2026
by James Bryantby James BryantUAE retail sector emerges stronger after H1 2026 regional disruptions UAE retail sector resilient after H1 2026 regional disruptions, using supply diversification, local sourcing and government support to keep stores …
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Business
Dubai Summer Sales Boost Mall Footfall and Retail Revenues by Thirty Percent
by James Bryantby James BryantDubai summer sale draws families to malls as discounts lift retail activity Dubai summer sale draws families to malls, boosting retail with deep discounts and a reported 30% uplift in …
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Business
UAE Launches First Retail Government Sukuk Program on Nasdaq Dubai
by James Bryantby James BryantUAE launches first government treasury sukuk for individuals, listed on Nasdaq Dubai UAE government treasury sukuk for individuals officially listed on Nasdaq Dubai; initial issue oversubscribed with AED 445m in …
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Business
World Cup Promotions Drive UAE Retail Sales Growth Over 25%
by James Bryantby James BryantWorld Cup retail sales in UAE jump more than 25% as tournament promotions drive demand World Cup retail sales in the UAE rose 25% as themed promotions, prize draws and …
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Business
UAE launches first retail government treasury sukuk program for individuals
by James Bryantby James BryantUAE Launches First Treasury Sukuk for Individuals to Expand Retail Access Ministry of Finance unveils government Treasury sukuk for individuals, Sharia-compliant, AED1,000 min subscription; listed on Nasdaq Dubai with bank …