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Retail sales in the UAE to rebound and grow by 13 percent in 2021

Dubai retailers were hit hard by the pandemic, as access was restricted and customers stuck at home turned to online shopping. Majid Al-Futtaim, one of the largest mall operators, with 27 shopping malls across five countries, reported a 7 percent year-on-year fall in revenues to 8.88 billion dollars in 2020, resulting in a net loss of AED 2.7...

28 May 2021