Luxury retail in the UAE had shown signs of a rebound over summer after the pandemic struck, but has flattened since the start of October.
That's according to the CEO of Chalhoub Group, Patrick Chalhoub, who was speaking at the 'Back to Business' webinar hosted by Dubai Eye.
He's expecting sales to stay soft till the end of the year.
But Chalhoub says the increase in online shopping has been dramatic.
Dubai unveils plans for world’s largest auto market
Dubai has unveiled plans for the world’s largest and most advanced automotive marketplace.
UK Export Finance pledges $3.5 billion to support DWC expansion
The UK government's export credit agency, UK Export Finance, has issued a $3.5 billion Expression of Interest to support British involvement in the $35 billion expansion of Al Maktoum International Airport at Dubai World Central (DWC).
flydubai signs landmark agreement for 150 Airbus A321neos
The Dubai-based carrier, flydubai, has made an initial agreement with Airbus for 150 A321neo aircraft, valued at $24 billion, to be delivered from 2031.
Emirates reveals $10–12 billion plan for future aviation hub
Emirates has announced plans to invest up to $12 billion in its future facilities at the new Al Maktoum International Airport.
Etihad expands widebody fleet with 32 new Airbus aircraft
Etihad Airways has announced expansion of its widebody fleet with 32 new Airbus aircraft - including a mix of A350-1000s, A350F freighters and A330-900s - with first deliveries beginning in 2027.
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The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.
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Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
