KSA | Saudi Retailer Said To Pull Out Of Franchise Deal With Marks & Spencer

JEDDAH, SAUDI ARABIA - Fawaz Abdulaziz Alhokair Co reportedly ends agreement with number of “non-performing” brands. Saudi retailer has reportedly pulled out its franchise partnership with Marks & Spencer. Reuters quoted a company statement as saying it has to ended similar agreements with a number of “non-performing” brands. The firm, which owns franchise right for … Continue reading KSA | Saudi Retailer Said To Pull Out Of Franchise Deal With Marks & Spencer

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BUSINESS | Drako, A $1.25 Million Electric Supercar, Debuts At Quail

DUBAI, UAE – To introduce an all-new electric vehicle at jolly old Quail takes some confidence  you can’t look left or right and forth at this annual, ultra-exclusive event in Carmel-By-The-Sea without beholding a plethora off-the-charts, million-dollar-plus automobiles on display. But when you show up with an all-new electric supercar making 1,200 horsepower and a … Continue reading BUSINESS | Drako, A $1.25 Million Electric Supercar, Debuts At Quail

KINGDOM OF SAUDI ARABIA | Saudi Arabia Has Launched Its Very Own Brand Of Cinemas

JEDDAH, SAUDI ARABIA - Muvi Cinemas is Saudi Arabia’s very first cinema brand and they just opened their first franchise in Jeddah’s Mall of Arabia. The multiplex cinema boasts 15 screens and is run purely by Saudi nationals. There are 4 more Muvi Cinemas multiplexes set to open across the kingdom before the end of … Continue reading KINGDOM OF SAUDI ARABIA | Saudi Arabia Has Launched Its Very Own Brand Of Cinemas

BUSINESS | How Much It Cost To Get Your Ad To Light Up Burj Khalifa

DUBAI, UAE - The cost to place a promotional advert or message on the façade of the Burj Khalifa starts from AED 250,000 ($68,073)  for a single three minute display, according to the marketing agency which manages the lighting display. Prices range from AED250,000 for three minutes during weekdays from 8PM to 10PM, rising to … Continue reading BUSINESS | How Much It Cost To Get Your Ad To Light Up Burj Khalifa

FASHION | You Can Now Rent Clothes From Banana Republic

Rent the Runway upended retail by offering women designer clothes to rent. Now, a wave of leading brands and department stores are following with their own online clothing rental subscriptions to reach younger shoppers who want to borrow their pants, shirts and dresses. Banana Republic said Friday that it will launch an online rental service … Continue reading FASHION | You Can Now Rent Clothes From Banana Republic

BREWAKING NEWS |Dow Posts Biggest One-Day Point Drop Since October

New York, SUA – Wall Street sold off sharply on Wednesday, with the Dow registering its largest one day point drop since October 2018 as investors were gripped by increased concerns about a recession after the U.S. Treasury yield curve temporarily inverted for the first time in 12 years. Based on the latest available data, … Continue reading BREWAKING NEWS |Dow Posts Biggest One-Day Point Drop Since October

BUSINESS | Sports Illustrated, Juice Couture And Dozens Of Brands Get $875 Million From Blackrock

Jeddah, Saudi Arabia - Private equity powerhouse BlackRock made a big $875 million investment and become the largest shareholder of a company that owns Sports Illustrated, Nine West, Juice Couture and dozens of other brands. The deal, which was first reported Sunday by the Wall Street Journal, closed on Friday, a BlckRock (BLK) spokesperson confirmed … Continue reading BUSINESS | Sports Illustrated, Juice Couture And Dozens Of Brands Get $875 Million From Blackrock