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PARIS: French fashion brands and lifestyle startups are keen on tapping into the $12 billion Gulf market with a young and digital-savvy population, according to speakers at a panel discussion. The panel, organized as part of the Vision Golfe event in Paris on Wednesday, focused on ways to further promote French lifestyle products, cosmetics, and fashion brands in the Gulf
RIYADH, Saudi Arabia, Feb. 23, 2023 (GLOBE NEWSWIRE) The Abdullah Al-Othaim Investment Company has debuted its newest project Konoz “Box of Treasures”.
RIYADH: Al-Othaim Markets added 18 branches in the first half of 2022 as it prepares to sell its entire stake in its investment firm for SR846 million ($226 million), Vice Chairman Bader Al-Aujan told CNBC Arabia. The opening of the new branches led to the Saudi retail giant incurring expenses of SR70 million in the first half of the year. Al-Othaim has already accepted the
RIYADH: Abdullah Al-Othaim Markets Co. reported a higher profit of SR138 million ($37 million) for the first half of 2022 on the back of sales growth. Owing to an 11 percent rise in revenue to SR4.7 billion, profit surged 31 percent from SR106 million in the same period last year, according to a bourse filing. The retail major noted that its share in the profit of its