Carrefour exits Arab markets from Jordan to Kuwait, as Majid Al Futtaim bets on HyperMax
The Middle East retail landscape has undergone one of its most significant shifts in recent years, following Majid…
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Carrefour
Egypt for boosting retail sector growth – minister
Egypt’s Minister of Investment and Foreign Trade, Hassan El Khatib, highlighted the transformative changes in…
Bangladesh garment factories reopen amid political upheaval
Bangladesh's garment factories reopened on Wednesday with the aim of quickly returning to full production.
Carrefour inaugurates its first store in Porto Marina
Carrefour, which is owned and operated by Majid Al Futtaim, has opened its first Carrefour store in Porto Marina,…
MAF’s Carrefour is setting up shop in 14 Omar Effendi’s branches
Majid Al Futtaim-owned supermarket chain Carrefour is setting up shop in 14 Omar Effendi’s branches after MAF…
Marakez opens new mall in Egypt, Carrefour Egypt among first retail outlets
Saudi Fawaz AlHokair Group’s mall development company Marakez inaugurated on Tuesday Town Center, its new 260…
Carrefour will invest $12.64 million in Egypt branch openings before year-end
Carrefour, Europe’s largest retailer, plans to invest around 200 million Egyptian pounds ($12.64 million) to open…
Carrefour expands Uber Eats service to more French cities, Belgium
French supermarket retailer Carrefour and Uber Eats said on Monday they were rolling out their home delivery…
Majid Al Futtaim to establish 5 new Carrefour branches post coronavirus
Dubai-based mall operator Majid Al Futtaim is looking to open 5 new Carrefour branches after coronavirus crisis,…
Majid Al Futtaim Retail invests EGP1.2bln in Egypt over two years
Majid Al Futtaim, the shopping mall, communities, retail, and leisure group across the Middle East, Africa, and…
Majid Al Futtaim’s Egypt unit secures EBRD $200 mln loan
The Egyptian unit of UAE-based Majid Al Futtaim Holding (MAF) has secured a 200 million Egyptian pounds ($12…
Majid Al Futtaim: Carrefour to be opened in Nasr City at year-end
Dubai-based mall operator Majid Al Futtaim is looking to open a new commercial mall; Carrefour in Nasr City, east…
Carrefour mulls selling stake in China business: sources
Europe’s largest retailer Carrefour is exploring the sale of a minority stake in its loss-making business in China…
Dubai’s Majid Al Futtaim to expand Carrefour in Egypt’s new cities
Dubai’s Majid Al Futtaim, which operates the franchise of French retailer Carrefour in the Middle East, signed on…
France’s Carrefour eyes Q2-2017 €4.5 billion IPO of Carmila arm: paper
French retailer Carrefour (CARR.PA) is planning an initial public offering in the second quarter of 2017 for its…
Carrefour profit falls 59%, hit by FX headwinds
Carrefour SA said Thursday its profit dropped in the first half, hit by unfavorable exchange rates and difficult…
Carrefour sales drop as weak currencies, gas weigh
French retailer Carrefour SA announced Friday that first-quarter sales fell, hit by lower revenue from fuel and…
France’s Carrefour targets 65 new branches in Egypt within 5 years
The French multinational retailer Carrefour is planning to open 65 new branches across Egypt in the coming five…
Egypt’s domestic trade sector eyes $4bn investments – minister
The new investments in Egypt's domestic trade sector are expected to hit 35 billion Egyptian pounds (US$4.4…
Carrefour To Open 5 New Branches In June: Egypt Director
Carrefour Egypt is planning to open five new branches in June across Egypt, Executive Regional Director of…
Cairo-Alex Desert Road to be finished before Summer 2015 – Authority
Egyptian Armed Forces’ Engineering Authority is set to finish developing Egypt-Alex desert road before the…
Carrefour Franchisee to pursue Egypt Growth as Retail recovers
The owner of Carrefour SA’s (CA) franchise for the Middle East will pursue expansion in Egypt after business at a…
Carrefour to start Expanding Operations in Egypt within Days
French multinational giant retailer Carrefour SA will start carrying out the inception of three new supermarket…
Amer Signs Fawaz Alhokair, Carrefour Brands for ‘Porto Cairo Mall –Phase II’
Egypt’s leading property developer Amer Group announced Thursday an agreement with Saudi Fawaz Alhokair Group and…
Carrefour to Open 10 New Branches in Egypt, with EGP2bn Investments
The French multinational retailer Carrefour signed Tuesday a protocol on cooperation with Egypt’s Supply Ministry.…
Interview – Carrefour Egypt Eyes EGP4.5 billion Sales within 2014
Carrefour plans pumping EGP2 billion fresh investments for 5 years. Carrefour has 23 total branches, 8…
Majid Al Futtaim Disburses 1st Tranche of US$500mn Egypt Loan
Dubai-based developer Majid al Futtaim (MAF) announced on Thursday the disbursal of EGP170 million, worth of the…
Dubai Retail Giant Majid Al-Futtaim to Expand Investments in Egypt
Leading Dubai retail developer Majid Al-Futtaim (MAF) will expand its investments in Egypt by around LE16.5 billion…
Dubai retailer MAF to invest $2.3 bln in Egypt
Dubai retailer Majid Al Futtaim, which holds the Carrefour franchise in the Middle East, plans to invest about $2.3…
Dubai Retailer MAF Says Egypt Supermarket Deal Talk Fails
Dubai retail firm Majid Al Futtaim (MAF) said on Monday that talks to buy Egypt's largest supermarket chain from…
Majid Al Futtaim Says to Wait for Stability in Egypt, Syria Before Investing
Dubai's Majid Al Futtaim Holding (MAF), the sole franchisee of hypermarket chain Carrefour (CARR.PA) in the Middle…
UAE Mall Operator MAF’s Profit Up As Egypt, Bahrain Units Recover
Mall operator Majid Al Futtaim (MAF) reported a 17-percent rise in half-year operating profit on Monday as te nant…
Carrefour shuts China’s Store amid Mislabeling Chicken
Carrefour SA (CA), the world’s second- largest retailer, shut an outlet in central China’s Henan province on…
McDonald’s, Carrefour apologize for Selling Expired Chicken in China
Fast food mega-chain McDonald’s Corp. and supermarket giant Carrefour SA issued apologies Friday after being…