Al Raid Group announced that its upcoming project, Al Araimi Walk will generate around 3,000 jobs. The company added that it was excited about the Al Araimi Walk, which is slated to be completed by September, 2020. It is a mall which is to be built on the ‘retailtainment’ model. “The upcoming project of Al […]
The phenomenal growth of mega hypermarkets all across the Sultanate, has completely transformed the retail landscape and is all set to galvanise the jobs sector as well as the economy A massive surge in expansion and growth of shopping malls, hypermarkets and supermarkets is fast changing the dynamics of the retail sector across the […]
General Enterprises Company ( GECO) , part of the Albatha Retail & Home Products Group, of Albatha Holding, UAE, recently commenced its operation in the Sultanate, after having recently acquired the official agency for distribution of leading home appliances brands including INDESIT Home Appliances (Italy), WESTPOINT Home Appliances (France), Fratelli Home Appliances (Italy) GLEMGAS Cookers (Italy), […]
Oman’s consumer inflation in February rose by 2.38 per cent year-on-year, mainly due to a 9.33 per cent price hike in the transport sub-segment and a 2.05 per cent rise in the housing, water, electricity, gas and other fuel sub-sector. The foods and non-alcoholic beverages sub-segment logged a price decline of 0.10 per cent, while […]
The success of Barka Grand Center in a short span has opened a new mall category – suburban community shopping and entertainment destination – in Oman. Buoyed by the encouraging response from the visitors and tenants, Barka Grand Center is moving ahead with the second phase of development. Akshay Bhatnagar reports When we think […]
Kim McInnes, CEO – Shopping Malls, Majid Al Futtaim Properties talks about upcoming developments and the rationale behind being the leading GCC investor in Oman in an exclusive interview How has Majid Al Futtaim’s experience been in Oman in the retailing arena? Majid Al Futtaim has always been pioneering in the Omani market, and we […]
‘The 2016 Economic Outlook’ discussion recently hosted at Capital Club, Dubai’s Premier Private City Club and member of the ENSHAA group of companies, and moderated by renowned speaker, advisor and author Dr Tommy Weir, offered members key insights into what to expect in the coming year regarding the region’s economy.
SPAR Oman plans to open 21 stores in Oman by the end of 2018. Some of the Khimji Mart outlets in Oman will be rebranded and converted to SPAR Supermarkets, explains Dr Gordon R Campbell, CEO, SPAR International, who was on a visit to Muscat, in an interview with Oommen John P.
Oman’s consumer price index (CPI) based inflation fell by 0.43 per cent in October 2015 compared to prices in the same month last year. However year-on-year average inflation during the January-October period rose by 0.14 per cent according to the data released by the National Centre for Statistics and Information (NCSI).