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FinancialNews


  • 01-03-18

    Dubai's Landmark opens four stores in expansion project

    (MENAFN) Landmark, Dubai's retail group, has gone forward with its designed new discount supermarkets project and established its first four stores.

    Viva stores have opened following two months of the implementation of VAT at a 5 percent rate on nearly all food products and beverages in the UAE.

    Marking a step closer towards achieving its plan to open further eleven UAE-based branched, Landmark has launched one store in Ajman, another in Deira district in Dubai, and two more in Sharjah.

    Viva CEO Georg Fischer noted "we have seen (a) rise in prices, obviously the five percent (VAT) have been completely handed over to the consumer."

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