Majid Al Futtaim’s first-half revenues jump to $4.9bn despite market hurdles

Leading shopping malls owner Majid Al Futtaim’s first-half earnings surged on the back of a 15 percent revenue jump, according to a statement.

This meant the firm pulled in 18 billion dirhams ($4.9 billion) in revenue.

With operations across the Middle East, Africa, and Central Asia, the Dubai-based group reported 73 percent higher sales from digital grocery retailing and strong performance across hotels, shopping malls, and communities.