Middle East

Chinese Food Delivery Firm Meituan Beats Quarterly Revenue Estimates

Meituan posted a bigger-than-expected 22.4% rise in third-quarter revenue, defying sluggish Chinese consumption.

Lulu Retail Seeks To Raise Up To €1.32 Billion In Biggest UAE IPO This Year

Lulu Retail Holdings, which runs one of the Middle East's biggest hypermarket chains, is seeking to raise as much as 5.27 billion dirhams (€1.32 billi...

Louis Dreyfus Company Sets Up New Business Unit For Pulses

Louis Dreyfus Company has set up a new business unit focusing on pulses as part of its strategic growth plan.

Brewers Tap Growth Of Zero-Alcohol Beers In Middle East

Brewers including Carlsberg and Anheuser-Busch InBev say interest is growing in such booze-free brews across the Middle East and North Africa, presenting o...

Russia Plans Big Dairy Export Push In North Africa, Middle East, Asia

Russia plans to grow its presence in the global dairy products market by increasing supplies by 15-20% annually.

Brands Ignoring Ethical Consumerism Face Sales Risk, Says GlobalData

With firms being held to an ever-high level of accountability when it comes to positions on social issues such as human and animal welfare, fair trade, and...

Majid Al Futtaim Sees Retail Revenue Up 8% In First Half

Majid Al Futtaim, which operates the Carrefour brand in markets across the Middle East, Africa and Asia, has reported a 8% increase in revenue at constant...