About 55.7 per cent of retailers in Dubai are international brands while the city attracted 45 new global brands last year.
The funds are aimed at helping VOX attract a further 50 million customers over the next five years.
Construction on the Al Khail Avenue mall will begin this year, with expected opening in 2018.
The acquisition is being funded by a blend of the company’s own funds and bank facilities, Marka said.
The Honor Six Plus is targeted at a younger internet-savvy demographic.
The developer will partner with Spanish hotel operator RIU Hotels and Resorts to build an all-inclusive four-star resort in Dubai.
Alessio Ruffoni explains why he is bringing Milan’s Al Grissino dining concept to Dubai, and potential plans for Abu Dhabi.
The developer is offering 1.3 million sq ft of new shop and showroom space in its mixed use development.
The unit made a net profit of Dhs433 million in the first quarter of 2015.
Gulf Business speaks to Silvio Liedtke, COO, Landmark Leisure.
Top brands such as Prada and LVMH’s Christian Dior still baulk at the idea of selling clothing online.
The restaurants are planned for Kuwait, Qatar, Tunisia and Iraq.
The water park is an addition to the under construction Legoland Dubai theme park, set to open in October 2016.
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.