INTERNATIONAL. Kraft's recent announcement to split its operations into two publicly traded companies outlines a plan to create two different trading entities with distinct priorities and strengths.
This is intended to help the company achieve the next stage of its ongoing restructuring process, since its acquisition of Cadbury in January 2010.
Kraft is now bundling and spinning off its US Beverages, Cheese, Convenient Meals and Grocery segments, the non-snack categories in Canada and its foodservice operations, which are worth an estimated US$16 billion in sales in total.
The larger of t
Posted: March 20, 2015
INTERNATIONAL. The watch is an attempt to compete with devices by consumer-electronics makers, particularly the much-hyped watch by Apple.
Posted: March 16, 2015
EGYPT. New malls, redevelopments and major expansions announced as part of the company's major investment plan.
Posted: March 13, 2015
UAE. Liv Store will be catering to the huge amount of women now taking up cycling; Entirely managed by women, including bicycle engineers, gear designers and retail specialists, the Liv experience has expanded rapidly.
Posted: March 11, 2015
UAE. By 2020 experts predict that e-commerce sales in the GCC are expected to touch US$41.5 billion, one of the highest growths across the industry worldwide; AWOK.com sees 500% increase in sales since inception in 2013.
Posted: March 10, 2015
UAE. Global market and consumer research company highlights latest food trends affecting new products development in Middle East as well as neuro research application for communication and media content testing.
Posted: March 10, 2015
INTERNATIONAL. The Apple Watch sport will start at US$349 for the smaller model. The standard version will start at US$549 and the high-end "Edition" watch will be priced from US$10,000.
Posted: March 9, 2015
INTERNATIONAL. CEO Tim Cook is expected to announce details of the first product developed under his leadership, a watch that Apple hopes will transform the market of wearable technology.
Posted: March 1, 2015
UAE. "In the next five years, the UAE will see more sophisticated and segmented offerings to adapt to different customers' needs and maximise sales in each. This approach will range from luxury brands to mid-range and low-end value retail alike."
Posted: February 28, 2015
UAE.Three day open to the public event has been specifically commissioned and curated to feature a compelling mix of local, regional and international designers, artists, musicians, concept retailers and unique dining experiences.
Posted: February 21, 2015
UAE. Ten foreign workers have died in a fire that hit a tyre shop in Abu Dhabi, apparently trapping the labourers in a warehouse used illegally for accommodation, according to media reports.
Posted: February 20, 2015
UAE. New global PayPal study reveals 57% of UAE online shoppers surveyed have bought via a Smartphone in the past 12 months; UAE Smartphone users opt for app purchases over mobile browsers for online shopping; 61% of UAE smartphone shoppers are aged between 30 and 49.
Posted: February 5, 2015
UAE. Saudi has the highest market penetration which indicates that market opportunity now lies in the trading up of goods; Increased optimism among the lowest earners in society; India tops the ranking.
Posted: February 4, 2015
UAE. Registering for presents online is a welcome practice, a survey conducted by Mywishlist.ae reveals.
Posted: February 3, 2015
Alain Bejjani, former Chief Corporate Development and Brand Officer, is appointed as new Chief Executive Officer of Majid Al Futtaim - Holding, with immediate effect.
Posted: January 28, 2015
UAE. opportunity for Gulf retailers with shoppers more willing to share personal information in exchange for rewards; 67% willing to share their data, second only to India.
date:Posted: March 28, 2015
QATAR. Notwithstanding the weak start for the global economy, Asian economies are expected to continue to grow rapidly in 2015. We expect economic growth to average 5.7% in 2015, the same rate as in 2014.
date:Posted: March 27, 2015
INTERNATIONAL. Yemen's close proximity to Saudi Arabia and its strategic location on one side of the fourth busiest shipping lane for crude oil, raise worries about potential disruptions.