The UAE’s retail market is expected to reach AED 200 billion by next year. Analysis by the Dubai Chamber of Commerce and Industry projects that it will also grow by an average of 5% each year. Consumer spending is anticipated to continue rising, with total spending of over AED 750 million across many categories by 2017. According to national news agency WAM, retail and wholesale trade accounts for more than 11% of the UAE’s GDP.
Disney agrees to pay $10 million to resolve alleged child privacy law violations
Walt Disney has agreed to pay a $10 million civil penalty as part of a settlement to resolve allegations it violated child privacy laws in some videos uploaded to YouTube, the US Department of Justice said on Tuesday.
Sharjah Crown Prince discusses energy strategy with UAE Minister
His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, held talks on energy strategy and infrastructure development with Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, during a meeting in Sharjah on Tuesday.
Dubai’s Saddle Café opens outlet in Courchevel, French Alps
Dubai-born specialty coffee brand Saddle Café has opened its first-ever outlet in Courchevel, marking a significant milestone in its international expansion and introducing an Emirati-founded café concept to one of Europe’s most exclusive winter destinations.
UAE leads high-level delegation to Egypt for CEPA negotiations
Dr. Thani bin Ahmed Al Zeyoudi, UAE's Minister of Foreign Trade, has led a high-level government delegation to Egypt as negotiations continue to secure a Comprehensive Economic Partnership Agreement (CEPA) between the two nations.
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