Located in Terminal 3, the stores are Apple’s largest in travel retail
The Dubai-based investment group named Adeptio has bought the stake from the Kharafis
Americana owns the Middle East franchises for fast food chains KFC and Pizza Hut
Alhokair’s board approved the sale of the firm’s investment in Blanco for $93m
Damas CEO says he believes the company has ‘seen the worst’
The two countries are among the top markets for new retail development, according to the consultancy A.T. Kearney
The company plans to add malls, hotels, cinemas, restaurants, Carrefour hypermarkets and leisure destinations in the country in the coming years
The first ba&sh boutique will open in Dubai’s City Walk by the fourth quarter of 2016
In February, Adeptio agreed to buy the 69 per cent stake in the unit, known as Americana, from Al Khair Stocks and Real Estate
The company plans to open eight new stores in the kingdom by 2018
Under new rules announced in March, companies in the industry must ensure half of their workforce is Saudi by Ramadan
The mega development is currently in the detailed design stage
The emirate welcomed 38 new brands in 2015, a new report by CBRE found
“US brands do very well in the Middle East,” chief executive Paul Brown said. “It’s a very meat-oriented culture.”
The upcoming shopping destination will offer over 4 million square feet of gross leasable area
F&B accounts for 20 per cent of the retail mix in Dubai
Developer Nakheel says the mall’s multi-phase mega expansion will be complete by 2020
The company said it would take more than 10,000 steps to walk around the new facility, which is the size of 20 football pitches
The Dhs 1.2bn mall is located within Nakheel’s Palm Jumerah development
CBRE said Middle Eastern retail markets remained an attractive proposition for international brands
The retailer made its regional debut at the opening of the Dhs 1bn expansion of Majid Al Futtaim’s Mall of the Emirates
The indoor mall has been inspired by Tuscan hilltop town and UNESCO World Heritage site San Gimignano
The value of the transaction was not disclosed
Plans include new malls and the expansion of existing locations
The unit reported growth in rental income during the quarter
Emirati businessman will become a minor shareholder in the group
The retail sector accounts for 23 per cent of foreign direct investments into the UAE
Airport retailer aims to boost business with customers that prefer the comfort of lounges
The company aims to boost the presence of both companies in select GCC markets