Luxury retail in the UAE had shown signs of a rebound over summer after the pandemic struck, but has flattened since the start of October.
That's according to the CEO of Chalhoub Group, Patrick Chalhoub, who was speaking at the 'Back to Business' webinar hosted by Dubai Eye.
He's expecting sales to stay soft till the end of the year.
But Chalhoub says the increase in online shopping has been dramatic.
Dubai among world's top 4 fintech hubs
Dubai has officially been ranked among the top four cities worldwide for FinTech, according to the latest Global Financial Centres Index (GFCI).
Riyadh freezes rent hikes for 5 years under new regulations
In a major move to stabilize the rental market, Saudi Arabia has announced a five-year freeze on rent increases for residential and commercial properties in Riyadh.
Dubai beefs up ride-hailing fleet with new taxi alliance
Dubai is taking another major step toward smarter, more sustainable transport.
World’s largest eco-friendly vehicle carrier docks at Jebel Ali Port
DP World has welcomed the world’s largest and most eco-friendly car carrier, MV Höegh Sunrise, to Jebel Ali Port for the first time.
6:00am - 10:00am
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