Franchise Expo' to make its debut in Oman
Oman 18 November 2007  The franchise industry in Oman has hit the mark, with the country gearing up for the first of its kind exclusive event for franchising, showcasing an array of franchise concepts. Luring both regional and international franchisors from across sectors, the 'Franchise Expo 2008' will set the stage for franchises and entrepreneurs to form strategic alliances. Organised by Oman International Trade & Exhibitions the event is scheduled to take place from February 13 to 16, 2008 at the Oman International Exhibition Centre. 'Oman is a market that is brimming with opportunity and the dramatic and ongoing growth in the region makes it an ideal host for a show such as this. Aimed at capitalising on the market demand for branded and franchised products and services in the Sultanate, the Franchise Expo could be just the answer for those looking to further business goals, buy your very own franchise, compare and select from a range of different options', stated Mr. Sadiq Ahmed Khan, Director - Sales & Marketing of OITE, organiser's of the Franchise Expo. He further added that, 'Franchising is growing at an accelerating pace and has transformed the whole concept of business ownership. We are looking to grow the event as the premier event for the franchise sector in Oman and the region.' RE/MAX Arabia, a major real estate franchise will participate in the Franchise Expo as Silver Sponsor. The exhibition aims to bring together a selection of high quality exhibitors and is a channel to offer franchises and licenses besides providing a plethora of business opportunities. Franchises across the automotive, home based businesses, food and beverage, banking and financial services, restaurants, retail, health and beauty and other commercial services will showcase their concepts.
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Middle East US$ 100 Billion Retail Boom To Outpace Global Slowdown
Dubai 11 February 2008  The retail phenomenon sweeping through the Middle East – and Arabian Gulf states in particular – is robust enough to withstand a US-led global economic downturn, says an industry expert. “With the Middle East retail sector estimated to be worth in excess of US$100 billion annually, second only to residential property in the non-oil economy, the issue is of critical importance, but one which the GCC economies can cope with,” said Naomi Koningen, Project Manager of Retail City 2008, organized by IIR Middle East.
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Sense Gourmet opens first Middle East Figaros Pizza outlet in Abu Dhabi
United Arab Emirates 20 January 2008  Sense Gourmet has just opened its first Figaro's Pizza outlet in the Middle East at the Marina Mall in Abu Dhabi. Located next to the new Snow Dome at the mall, it is expected to do a roaring trade with customers wanting to warm up after their frozen experiences on the ski slopes. Sense Gourmet Chairman HE Ahmed Al Dhahry declared the outlet officially opened at a ceremony attended by HE Ali bin Khalfan Al Dhahry (Chairman of Foodco Holding and Ali & Sons), Sense Gourmet Board of Directors members and industry leaders.
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Arrow Electronics to Acquire Components Distribution Business of Hynetic Electronics and Shreyanics Electronics in India
Melville, N.Y. 10 January 2008  Arrow Electronics Inc., (NYSE: ARW) today announced an agreement to acquire all of the assets related to the franchise components distribution business of Hynetic Electronics and Shreyanics Electronics in India, effective January 1, 2008. Privately owned, Hynetic Electronics and Shreyanics Electronics are leading electronic component distributors in India.
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Ruby Tuesday Turns To Q2 Loss On Lower Revenues, Costs
Maryville, Tenn 10 January 2008  Ruby Tuesday, Inc. (NYSE:RT) reported a diluted loss per share of $0.20 on a net loss of $10.4 million for the Company’s second quarter of fiscal 2008, which ended on December 4, 2007. This compares to diluted earnings per share of $0.28 on net income of $16.7 million for the second quarter of the prior year. The diluted per share impact of costs associated with the Company’s remodel initiative in the second quarter of fiscal 2008 was $0.07.
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