Al-Futtaim to open Carrefour branch in Iraq

Dubai-based Majid Al-Futtaim (MAF) Retail has announced plans to open its first store in Northern Iraq by the end of this year, as part of a wider expansion plan in the region, Reuters has reported. "The north of Iraq is a very promising market and a stabile area," Muhammad Naeem, an executive at MAF Retail, told the news service. MAF has also announced plans to develop projects in Syria, Egypt, Saudi Arabia, Yemen and Oman, with Libya being considered for the future, he said.