Dubai / Emirates Business Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa, on Monday announced that it will open a new distribution centre at the National Industries Park (NIP) in Dubai. The centre, once operational, will be the largest and most advanced distribution hub of its kind for Carrefour …

  Bloomberg Sears Holdings Corp. Chief Executive Officer Eddie Lampert is opening his wallet once again to help keep the struggling retailer in business, a move that could help placate vendors after an uncertain holiday season. Lampert, a hedge fund manager and Sears’s biggest investor, will offer a $200 million letter of credit to the department-store chain through affiliates of …

  Abu Dhabi / Emirates Business Etisalat announced on Monday the launch of ‘eLife Ultimate 1G’ and ‘eLife Premium 500’ plans to enrich the home entertainment experience for its UAE residential customers with eLife TV, Internet and fixed telephone service. Etisalat’s eLife Ultimate 1G customers will enjoy super download speed of 1 Gbps, the highest speed home Internet available in …