Dubai's Majid Al Futtaim (MAF) has cut 105 jobs out of its total staff of 46,000, the Middle Eastern shopping mall developer and operator told Reuters, as its new CEO seeks to boost returns.

The Middle East’s biggest travel retailer, Dubai Duty Free racked up $1.74 billion sales in 2022, a healthy hike of 78% over the previous year but still almost $300 million short of the company ...