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Over 45 organisations to bring staff to Expo 2020
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Expo 2020 Dubai: Over 45 firms honoured for giving employees free tickets
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Emirates News Agency - Sheikh Ahmed bin Saeed Al Maktoum recognises UAE businesses that are joining the Expo 2020 journey
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Expo 2020 catalyst for economic activity in UAE: Sheikh Ahmed
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Two retail giants from the UAE have made it to the list of the world’s top 250 most powerful retailers. The UAE-based Lulu Group and Majid Al-Futtaim Holding have been listed among the world’s top retail brands by international consultancy Deloitte in its “Global Powers of Retailing 2021” report.
Lulu Group which operates hypermarkets and superstores across 10 countries posted $7.4 billion revenues in the financial year ending 2019, achieving a compound annual growth rate (CAGR) of 5 percent. The UAE-headquartered Lulu has 210 stores across the GCC, Egypt, India, Indonesia and Malaysia.
While Majid Al-Futtaim Holding’s revenues reached $9.57 billion, it posted group net retail income of $7.65 billion with a CAGR retail revenue of 6.5 percent, revealed the Deloitte report.