Business News: Ten upcoming malls at a cost of $1.5 billion

Ten shopping centers will open in the coming three years. They will be located in Beirut, Saida, Tyre, the Bekaa, Byblos, and Jounieh, according to Nabil Gebrael, the regional representative to Lebanon of the International Council of Shopping Centers (ICSC) and the Middle East Council of Shopping Centers (MECSC). Gebrael ... More

The National: Saudi retail sector is its success story

Saudi Arabia’s retail sector is booming as the government eases restrictions on foreign investment and its young population keeps spending amid the fall in oil prices. The country is ramping up efforts to diversify its economy away from its reliance on the oil sector, which accounts for about 80 per cent of its GDP. Retail ... More

The National: Growth of luxury retail sector in the UAE to slow

ABU DHABI // Shoppers say they will continue to spend on luxury goods – even as experts forecast slower growth of luxury retail sales this year. As the peak shopping season begins, with the shopping festival in Dubai and New Year sales across the UAE, experts said the retail sector would expand this year but at a slower rate ... More