Middle-east Arab News Opinion | Asharq Al-awsat

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Hilda Awuor lost her job at the Saks Fifth Avenue store in Lower Manhattan last month. She has decided to look for a new career. Credit An Rong Xu for The New York Times

Is American Retail at a Historic Tipping Point?

by Michael Corkery | Apr 22, 2017 | Business

New York – Along the cobblestone streets of SoHo, Chanel handbags and Arc’teryx jackets are displayed in shops like museum pieces, harking back to the height of the neighborhood’s trendiness. But rents there are softening, and the number of vacant storefronts is...

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The logos of Souq.com and Amazon are seen at Souq.com office in Dubai, United Arab Emirates March 28, 2017. REUTERS/Ahmed Jadallah

Amazon Acquires Souq.com

by Musaid Al-Zayani | Mar 29, 2017 | Business

Dubai – Amazon completed on Tuesday its acquisition of Souq.com, the Middle East’s largest online retailer. A joint statement revealed that the agreement brings Amazon into a fast-growing market as it expands into a wide range of services. The deal’s...

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A man leaves a Marks & Spencer store in London, Britain in this January 7, 2016 file photo. REUTERS/Toby Melville/Files

Britain’s FTSE Falls as Retail and Property Stocks Slump

by Asharq Al-Awsat English | Jul 6, 2016 | Business

Britain’s blue-chip share index fell on Wednesday, with a sharp sell-off in retail and property-related stocks outpacing a rally in precious metals miners after prices of safe-haven gold hit a two-year peak. The FTSE 100 fell 0.5 percent by 0846 GMT. The...

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File photo of Old Okaz Market in Taif, near Mecca, Saudi Arabia (Asharq Al-Awsat)

Saudi GDP growth records gradual slowdown

by Abdulilahi Al-Shadid | Jul 18, 2013 | Business

Riyadh, Asharq Al-Awsat—A report published by the Saudi Central Department for Statistics and Information has revealed that GDP has grown by 2.1 percent in the first quarter of this year, compared to 4.4 percent for the previous quarter, and 6.6 percent for the...