Tiger Brands predicts H1 profit to rise 20 percent
Tiger Brands has stated that it expects H1 headline earnings to rise 20 percent in the six months ending 31 March, according to a report by Reuters.
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L’Oréal Paris names Mona Zaki as spokesperson for the MENA region
L’Oréal Paris has announced Mona Zaki as its new spokesperson for the MENA region, according to a report published by Egypt Today. The Egyptian actor and UNICEF ambassador has won several prestigious awards and was recently feted at the Cairo International Film Festival, picking up the Faten Hamama Award for Excellence.
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Dubai Duty Free home delivery racks up US$13 million in sales
Dubai Duty Free racked up sales of approximately US$13 million via the home delivery service it set up in June, 2020, according to a report published by TR Business.
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Delta to open Bath & Body Works and Victoria’s Secret stores in Israel
Israel’s Delta has announced plans to roll out some 20 Bath & Body Works and seven Victoria’s Secret stores this year, according to a report published by The Jerusalem Post.
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Inclusive capitalism: Lauder and Johnson & Johnson execs among global business leaders to join forces with the Vatican on new initiative
The Council for Inclusive Capitalism with the Vatican, a historic new partnership between global business leaders and the Vatican, has announced its launch.
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UAE makes eyes at foreign investors; scraps local shareholder rule
The United Arab Emirates has scrapped a rule that required companies operating in the country to have Emirate shareholders, according to an article published by Bloomberg citing reports in local press.
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Is Sabic set to list specialty chems business?
Saudi Basic Industries Corp (Sabic) is mulling a possible IPO of its specialty chemicals unit, according to a report published by Bloomberg.
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South Africa’s Tiger Brands embarks on cost-saving mission as profits fall; culls 400 jobs
South Africa’s Tiger Brands has is looking to cost cut to the tune of 500 million rand ($32 million) in 2021 following a fall in annual profits, with 400 jobs cut as part of the saving measures.
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Muslim spending fell 8 percent during 2020 but will bounce back by 2021
Muslims spent some US$2.02 trillion across the food, pharmaceutical, cosmetics, fashion, travel and media/recreation sectors in 2019, according to the eight edition of the State of the Global Islamic Economy Report, a rise of 3.2 percent on 2018’s total.
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Erdogan calls for Muslims to boycott French goods over Paty Row
Turkish president Tayyip Erdogan is urging his fellow Muslims to boycott French-made goods following the row over controversial images of the Prophet Muhammad, according to a report published by Reuters.
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