Auchan, the world's eleventh-largest food retailer, has announced that it has been forced to close its DragonMart hypermarket in Dubai, which was first opened in 2009.
According to the French retailer, the closure was the result of the poor economic climate, although the decision will have no impact on Auchan's accounts.
The hypermarket was launched as part of a venture with Retailcorp, which is part of the state-controlled Dubai World in the United Arab Emirates.
Scheme to be led by industry bodies and include negotiation training
Discounter hopes to reach thousands of additional households across the country
Later, shorter winters are creating quality issues for Egyptian stonefruit producers, while an early season in Spain is further limiting the supply window
Land, water and cost pressures are reducing the planted area of Charentais melons in Spain, but France and Morocco have seen a slight increase
Initiative will promote environmental, social and corporate governance criteria among its partners and workers
The country saw mixed results this season, but exporters anticipate great opportunities in the future
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