Alhokair completed the purchase of Spanish clothing brand Blanco last month for 11 million euros.
Dubai’s retail industry is one of the most lucrative sectors for foreign investment, according to a new report.
Falcon Island will cater to the luxury market outside Dubai and Abu Dhabi.
The Dubai developer will launch for sale the second phase of luxury residences at Mulberry at Park Heights.
The east coast city becomes the eighth destination in the carrier’s US network
The project will cover 160 million square meters across 13 sites in Egypt for lower income individuals, a statement said.
The Gulf should pivot towards the East, writes the founder and president of Nasser Saidi & Associates.
Saudi Arabia, the UAE and Bahrain withdrew their ambassadors from Qatar last week.
Middle Eastern carriers are benefitting from the strength of regional economies and a solid growth in business-related premium travel, says IATA.
Qatar Airways joins Emirates in providing more access to and from Tokyo’s second airport
Technical failure forces Abu Dhabi flights to other regional airports
The UAE has passed a new ruling exempting citizens from 13 European member states from requiring a pre-entry visa.
Dubai and Abu Dhabi feature among the top 10 global cities seeing a rise in luxury residential property prices, according to Knight Frank.
The 2014 Gulf Business Salary Survey reveals the best-paid jobs in the UAE.
Unrealistic pay rises during boom time might prove counterproductive to a company’s growth, expert says.
The REIT will invest in between 15 and 35 properties and be managed by Swiss-based B&I Capital AG.
Land prices in areas such as Studio City rose 15 to 20 per cent.
The current regulations only allow small shipments, such as parcels sent by online retailers, to be cleared by customs.
Revenue for the group, which operates three hospitals and 12 clinics in the UAE, rose 12.5 per cent year-on-year to $365 million in 2013.
The developer said that it will auction off residential plots ranging from 7,750 to 8,700 square feet on March 4.
The developer auctioned off eight plots, selling each for an average of Dhs4.3 million on Wednesday.
The group’s planned capital expenditure, net of operating lease liability, will be reduced to $800 million in the next two years, providing reductions of AD$1 billion.
The 1,600-company freezone now accounts for 8 per cent of Dubai’s trade
Earlier on Wednesday, Arabtec issued another statement saying its board had not taken any decision on the acquisition of another company.
Mesaieed, a unit of state-owned Qatar Petroleum (QP), raised 3.2 billion riyals ($880 million) in an IPO of about 26 per cent of its shares.
The operational changes should also help safeguard horse welfare and ensure compliance with all relevant regulations, officials said.
The plots, each measuring 8,820 square feet, will be auctioned off on February 26 in the Nakheel Sales office on Al Sufouh road.
Akbar Al Baker said Qatar Airways was in talks with British Airways, one of the founding members of the oneworld alliance, on a codesharing agreement.
Strategic agreement follows Qatar’s entry into the oneworld alliance
Simon Crisford will take on a new role as Sheikh Mohammed’s global racing advisor.