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Logistics (MENA) 
Majid Al Futtaim invests AED 5 bn in Mall of the Emirates upgrade
The project will modernize the West End district, roll out infrastructure improvements, and expand the mall’s offerings
THIS MORNING: Oil prices take a beating following surprise Opec+ decision + Why are Middle Eastern firms trading below their IPO price?
Trump opens door for negotiations on tariffs if countries offer “phenomenal” terms
Majid Al Futtaim’s net income falls 6% in 2024 on heightened market competition
The company’s revenue decreased by 1.6% y-o-y to AED 34 bn last year
FMCG sector grew 5.5% last year -NielsenIQ
E-commerce played a key role, with FMCG online sales rising 29%
ROR Coffee Solutions earmarks AED 30 mn for overseas expansion
ROR Coffee Solutions targets MENA, Europe in AED 30 mn expansion plan: UAE-based specialty coffee company ROR Coffee Solutions raised…
Dragon Oil taps Schlumberger for Egypt production optimization partnership
Plus: Mantra Finance lands Vara license
Huda Beauty spins off fragrance line Kayali to co-founder Mona Kattan
Mona Kattan will continue to serve as Kayali’s CEO
THIS MORNING: FlyDubai eyes JV in India + Damac taps advisors for potential sukuk
Plus: Is Opec+ mulling another delay of supply hikes?
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