Dubai / Emirates Business­­­­­ Following the launch of new smartphones from leading brands, Jumbo Electronics, the leading omnichannel retailer in the region, is forecasting that smartphones will drive sales at this year’s edition of Gitex Shopper, scheduled to be held till October 6 at Dubai World Trade Centre (DWTC). During the five-day event, the new iPhone XS/XS Max, Samsung Note ...

Bloomberg JC Penney Co named Jill Soltau as its first female chief executive officer, bringing her 30 years of retail experience to the embattled department-store chain. Soltau, who has served as CEO of Joann Stores since 2015, will step into the role on October 15, JC Penney said in a statement. Shares of the retailer surged as much as 12 ...

Bloomberg Oil traded near the highest level in almost four years as investors grapple with doubts over OPEC’s ability to replace falling exports from Iran. Futures rose 0.2 percent in New York after closing at the highest since November 2014. Iranian crude and condensate exports declined to their lowest in 2 1/2 years before the impending return of US sanctions. ...