Amazon agrees to acquire UAE e-commerce site Souq.com – report

Amazon had previously walked away from the bidding process

Work begins on Dubai’s record-breaking Meydan One Mall

The mega retail development is scheduled for completion in 2020

Dubai’s Majid Al Futtaim closes $1bn revolving loan

Union National Bank was the facility agent for the transaction, according to sources

Japan’s ASICS seeks Middle East sales boost with regional subsidary

The sports apparel firm is aiming to repeat successes in Europe

UAE’s Al Futtaim launches new 100-store mall with IKEA, ACE in Dubai

The mall, located in Jebel Ali area, is set to be completed by Q1, 2019

UAE’s Majid Al Futtaim opens $700m Mall of Egypt

The shopping centre is said to include North Africa’s first artificial snow ski slope

Doha Festival City opening pushed back to April

Previous reports indicated a March opening was planned

Dubai’s Mall of the Emirates installs nine Tesla charging points

The charging stations are located at the Fashion Dome valet parking and on the first and second floors of the mall

Top 10 most ‘intimate’ consumer goods brands in the UAE

International brands top the list

Exclusive: PepsiCo to open one of its largest manufacturing plants in Saudi

The beverages plant will open later this year in Jeddah

Nakheel receives construction bids starting at Dhs4.2bn for Deira Mall

The mall will feature over 1,100 shops, cafes, restaurants and entertainment outlets

Dubai’s Nakheel unveils Dhs850m new phase of Ibn Battuta expansion

The expansion will include a new residential tower, retail, cinema and car park complex

Over 1,000 new car parking spots to be added in Dubai’s City Centre Mirdif mall

Majid Al Futtaim is undertaking a Dhs355m redevelopment of City Centre Mirdif’s carpark

Top Sri Lankan tea brand eyes GCC expansion

Dilmah plans to open seven tea lounges in the UAE over the next three years

Dubai’s Nakheel signs deal for 25 Alshaya outlets at Al Khail Avenue mall

The mall and an accompanying 256-room DoubleTree Hotel are scheduled for completion in 2018

Dubai’s Marka opens first Middle East Ca’puccino store

Marka vice chairman and CEO Khaled Al Mheiri said the store was the “first of many” planned

UAE’s Abraaj makes first direct investment in Chile

Abraaj bought a majority stake in Chilean home designer Casaideas

Pictures: New luxury tea lounge opens in Dubai

Sri Lankan tea brand Dilmah has opened its first UAE lounge in Dubai’s Ibn Battuta Mall

UAE online buyers spend the most per purchase worldwide – KPMG

Online buyers from the UAE spend $332 per purchase on average

E-commerce site Noon to focus on fashion, will launch large private label

The online shopping platform is set to launch this month

Oman’s City Centre Qurum completes $13m redevelopment

The redevelopment, which began in April 2016, includes the setting up of a Centrepoint store

Majid Al Futtaim announces plans for $82m Masdar City mall

The new mall is designed to serve Masdar City’s growing population

Saudi retailer Jarir Marketing posts 3.5% rise in Q4 profit

The improvement was due to rising demand for electronic items, mainly smart phones

Currency movements hit 2016 sales at Dubai Duty Free

The company announced annual sales of Dhs6.673bn

Apple hiring for new positions in the UAE

The company has posted 14 new job openings on its website

Unilever opens Dhs1bn factory in Dubai Industrial Park

The facility is the largest of its type in the region and will produce personal care products

Emaar plans 2 million sq ft mixed-use development in Ras Al Khaimah

Development will be Emaar’s first foray into the northern emirate

Dubai’s Marka confirms resignation of CEO

The company did not disclose a reason for the CEO’s departure

Meraas launches new F&B business unit – Dubai Gourmet

Dubai Gourmet will introduce new ‘experiential dining’ concepts

Nakheel opens Dhs110m new retail centre Al Furjan Pavilion

The new centre has 24 shops, restaurants and services and a car park for more than 300 vehicles