The Dubai-based developer has promised customers free luxury cars as part of its Dubai Shopping Festival promotion.
GCC’s retail industry has been growing steadily throughout 2013, writes Martin Fabel, partner at A.T. Kearney Middle East.
A look back at some of the high-profile quotes that defined the GCC and the wider region in 2013.
The Reuters survey found that 47 per cent of managers were likely to put more money into Egyptian equities, up from 33 per cent in November.
The company has not yet named a replacement for the CEO, but has announced other management changes.
Dubai developer is currently evaluating construction bids for the retail and entertainment complex.
Which companies had a year to remember and which had one they would rather forget?
The megaplex at The Dubai Mall marked 25 per cent growth in audience turnout this year compared to 2012.
Apartment prices at Burj Khalifa currently stand at Dhs3, 750 per square feet – a 50 per cent increase from February 2009.
Dubai’s ruler Sheikh Mohammed Bin Rashid Al Maktoum launched the project.
Massive government spending is driving Saudi Arabian real estate growth, says Dr. Tobias Plate, senior partner at Roland Berger Strategy Consultants Middle East.
The group has said that its hotels division board has been carefully planned with a mix of expertise to cope with growing business demands.
The new service will be launched on March 30, 2014 and is expected to increase capacity by 36 per cent.
Ziad El Chaar, MD of Dubai-based property developer Damac, explains how the company has built itself back up in 2013, following structural damage in the real estate crash.
Start-ups are significant contributors to GDP and the job market but more need to be done to support them.
Gulf markets are still around 15 to 50 per cent below the peaks reached before the financial crisis in 2008.
The developer reported the land sales in its Al Furjan and Jumeirah Village Triangle projects.
Recovery of UAE’s key real estate markets remains uneven with robust growth in sales and rental prices in Dubai and slower improvements in Abu Dhabi, says Dr. Tobias Plate, senior partner at Roland Berger Strategy Consultants Middle East.
The company received $53 million in dues from the Egyptian government.
Compliance teams face an increasing array of rules due to failings exposed by the financial crisis.
Governments from Dubai to Malaysia are seeking to promote Shariah-compliant bonds and become centers for Islamic finance.
Poor risk-management could dramatically hit the new-born Islamic economy, writes Laurent Marliere, a professor and expert in Islamic finance.
A look at the GCC’s performance this year and expectations coming into 2014.
UAE professionals incurred a yearly revenue loss of 26 per cent due to lack of face-to-face meetings.
The Dubai developer gained three per cent to reach Dhs7.57 at the close of trading, its highest since September 2008.
The UK has been aggressively targeting the wealthy Gulf tourists through various marketing campaigns this year.
Experts expect issuances to reach $40-45 billion next year, compared to $28.97 billion in 2013.
Shezanne Cassim, 29, has been detained since April after publishing the 20-minute “mockumentary” film.
Gulf Business looks back on the articles that attracted most reader attention on our website this year.
The deal, valued at $2.9 million, is Hayaat Group’s first investment in East African oil exploration.