The company made a net profit of SAR201.74 million ($53.79 million) in the first quarter of 2015.
LandmarkShops.com recorded a 200 per cent year-on-year growth in revenue for the fiscal year 2014-2015.
YouGotAGift.com’s co-founders discuss the inspiration for their gift card business, growth areas and plans to expand to regional and international markets.
Many global designers including Rami Al Ali, Furne One Amato and Michael Cinco are also establishing their presence in the project.
The deal is a first in the region for TPG, which manages about $65 billion of capital.
The move is part of a Dhs2 billion expansion announced last year.
The 300,000 sqft mall, located within the Living Legends development, is set for completion by the end of 2016.
The Dubai-based conglomerate will open its first Magic Planet In Saudi Arabia this year.
The sale, set to run from March 29-31, will have 2,500 product deals on offer.
The tender covers infrastructure services relocation, shoring works and excavation at Al Khail Avenue.
Takween in December agreed to buy the packaging unit of Savola, the region’s largest food firm for SAR910 million.
The new projects include development of four shopping malls and other facilities in greater Cairo, and the introduction of VOX cinemas over the next five years.
The company made a net profit of KD10.19 million ($34.38 million) in the last quarter of 2014.
No purchase price or stake size was disclosed.
The online retailer has expanded into a marketplace, and will host sellers from around the world.
Salwa Hachem Mahfouz, Co-CEO of Fashion & Beyond, discusses her plans for bringing Brazilian swimwear brand Liquido to the region in the build up to the Dubai launch later this month.
The first lululemon athletica store is slated to open in Dubai later this year.
Kuwait’s Alghanim has acquired all operational outlets of Wendy’s in the UAE with plans to open additional stores in the MENA region over the next 10 years.
Following the expansion, the net leasable area at Manar Mall will increase from 30,000 to 60,000 sqm.
The developer reported a 61 per cent jump in quarterly profit.
Around 60 per cent of mall visitors last year were UAE residents and other GCC tourists while the remaining 40 per cent were tourists from across the world.
The company, which manufactures beverage brands such as Rani and Barbican, said that it achieved double-digit growth last year.
The development features 44 retail, restaurant, cafe, and entertainment brands, Meraas said.
Jarir posted a 25.5 per cent increase in its fourth-quarter net profit.
Dubai-based Levant Capital and Citi Venture Capital International originally bought the stake in Al Raya in 2012 for $100 million.
The GCC’s retail growth will be supported with the opening of new malls across the region, writes Sethi.
The Indian jewellery retailer currently operates nine outlets in the UAE and three in Kuwait.
Gulf Marketing Group, the parent firm of Sun & Sand Sports, said that it will create up to 1,000 jobs across its brands in 2015.
The retail group said that it aims to double the size of its business within the next five years.
A stake of between 20 per cent and 40 per cent could be sold, according to three sources with knowledge of the sale.