Majid Al Futtaim, the Dubai-based mall operator, reported 15 per cent growth in revenues in the first half as markets affected by the Arab uprisings recovered and its home base consolidated growth.
The group, which operates 11 malls across the region, said a revival in markets hit by the revolts last year had helped a 17 per cent increase to Dh1.5bn ($408.4m) in earnings before interest, tax, depreciation and amortisation.
Retail sales in its malls in Egypt rose 44 per cent after the company had to close malls in the country for several months last year following looting during the chaos that led to the ousting of the former regime.
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