Dubai based Majid Al Futtaim (MAF) reported an 8% rise in annual revenue after the privately-owned firm expanded some of its shopping malls and opened more supermarkets. The firm holds the Carrefour franchise in 38 markets in the Middle East, Africa and central Asia, operating about 150 outlets in 13 countries. Revenue includes sales from about 25 new stores opened last year. MAF does not provide like-for-like store sales figures. MAF’s total revenue was AED27.3 billion (USD7.43 billion) in 2015, generating earnings before interest, tax, depreciation and amortisation (EBITDA) of AED3.8 billion, 6% higher Y-o-Y. It did not disclose net profit. (Reuters)