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H&M growth stalls as clothing shoppers balk at higher prices

BLOOMBERG H&M’s revenue growth unexpectedly ground to a halt as shoppers turned away from the Swedish retailer, which has been raising prices while rivals  offer bottom-dollar discounts. Sales growth was flat in constant currencies during the three months through August, missing analysts’ estimates. The low-cost fashion retailer has been allowing prices to creep up lately, according to RBC analyst Richard ...

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First Iraqi Bank chairman Mr. Kawa Junaid honored with Best Entrepreneur of the Year Award at the prestigious Murex D’or Awards

DUBAI \ GULF TIME The Chairman of First Iraqi Bank, Mr. Kawa Junaid has been recognized as the Best Entrepreneur of the Year at the renowned Murex D’or Awards. This prestigious accolade is a testament to Mr. Kawa’s outstanding leadership, vision, and unwavering commitment to the banking industry and the economic growth of Iraq. The Murex D”or Awards, a highly ...

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Keshav Global celebrates 128 years of legacy and unveils ambitious 10-year plan on Founder’s Day

DUBAI \ GULF TIME Keshav Global Group, a pioneering multinational enterprise, marked its Founder’s Day on September 13, 2023, with a celebration of its remarkable 128-year legacy and the unveiling of an ambitious strategic plan that charts its course for the next decade. The extravagant gala dinner, brimming with entertainment, was held at the prestigious Shangri-La Hotel on Sheikh Zayed ...

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