Al-Futtaim, Cenomi Retail and understanding their landmark deal

The Emirati conglomerate has decided to aid the faltering Saudi firm, in what looks like one of the biggest retail alliances the two economies have seen in a long time.

30 July, 202512 min
0
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Business
Story image

Big changes at Saudi Arabia’s sovereign wealth fund

From pulling back on international bets to writing down its domestic gigaproject portfolio, PIF’s moves are a reflection of the kingdom’s challenges.

Business
Story image

A (failed) jewel heist in Dubai

An eight-hour chase by Dubai Police to recover a rare diamond, a large Indian private lender enroute to the Emirates and other headlines from the week.

Business
Story image

EaseMyTrip Q1 announcements show obfuscation, more pointless acquisitions

The online travel aggregator’s growth struggles get worse, even as it announces worryingly pointless acquisitions instead of setting its house in order. There’s no respite for its public shareholders.