Nakheel Launches Tender For New Mall At Jumeirah Village Triangle

The tender covers infrastructure services relocation, shoring works and excavation at Al Khail Avenue.

Saudi’s Savola Says Has All Approvals For Packaging Unit Sale

Takween in December agreed to buy the packaging unit of Savola, the region’s largest food firm for SAR910 million.

UAE’s Majid Al Futtaim Says To Invest $590m More In Egypt

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.

Kuwait’s Americana Q4 Net Profit Falls 28%

The company made a net profit of KD10.19 million ($34.38 million) in the last quarter of 2014.

UAE’s Abraaj Group Buys Stake In Turkish Online Retailer Hepsiburada

No purchase price or stake size was disclosed.

UAE’s JadoPado Expands, Sees Local E-Commerce Hit $12bn By 2018

The online retailer has expanded into a marketplace, and will host sellers from around the world.

Five Minutes With.. Salwa Hachem Mahfouz, Co-CEO, Fashion & Beyond

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.

Dubai’s MAF To Open Canadian Brand Lululemon Stores In ME

The first lululemon athletica store is slated to open in Dubai later this year.

Alghanim Industries Signs Deal To Expand Wendy’s In The Middle East

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.

RAK’s Al Hamra Awards Dhs230m Contract To Double Retail Space In Manar Mall

Following the expansion, the net leasable area at Manar Mall will increase from 30,000 to 60,000 sqm.

Abu Dhabi’s Aldar Says Mega-Mall Revenue Will Help Cut Debt In 2015

The developer reported a 61 per cent jump in quarterly profit.

Dubai Mall Sees 80m Visitors in 2014

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.

Aujan Coca-Cola To Invest $500m In MENA

The company, which manufactures beverage brands such as Rani and Barbican, said that it achieved double-digit growth last year.

Dubai Developer Meraas Launches New Retail Project Boxpark

The development features 44 retail, restaurant, cafe, and entertainment brands, Meraas said.

Saudi’s Jarir Marketing Proposes Q4 Dividend

Jarir posted a 25.5 per cent increase in its fourth-quarter net profit.

Saudi Supermarket Chain Al Raya Put Up For Sale – Sources

Dubai-based Levant Capital and Citi Venture Capital International originally bought the stake in Al Raya in 2012 for $100 million.

CEO Predictions 2015: Vipen Sethi, CEO, Landmark Group

The GCC’s retail growth will be supported with the opening of new malls across the region, writes Sethi.

Kalyan Jewellers To Invest Dhs400m In GCC This Year, Open 12 New Stores

The Indian jewellery retailer currently operates nine outlets in the UAE and three in Kuwait.

Sun & Sand Sports To Create 500 Jobs Across GCC In 2015

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.

UAE’s Majid Al Futtaim Reports Pre-Tax Profit Growth Of 10% In 2014

The retail group said that it aims to double the size of its business within the next five years.

Gourmet Date Company Bateel To Sell Minority Stake – Sources

A stake of between 20 per cent and 40 per cent could be sold, according to three sources with knowledge of the sale.

Majid Al Futtaim Inks Deal To Expand Juicy Couture In The Middle East

As per the deal, MAF Fashion will be the wholesale and retail distributor for the brand in the Middle East and will work towards opening more stores in the region.

Retreat Of Russian Shoppers Fails To Dent Dubai Retailers

Shopping malls recorded an 18 per cent increase in footfall during the first two weeks of the event compared to last year, according to the organisers of the festival.

UAE Retailer Marka To Develop UEFA Champions League-Themed Stores

The first retail and dining concept store is set to open in Abu Dhabi’s Yas Mall in May, with plans also lined up for Dubai.

Dubai’s Emaar Malls Q4 Net Profit Rises 5%

Emaar Properties owns 84.6 per cent of EMG, having floated 15.4 per cent of its subsidiary last September.

Five Minutes With.. Seehal Shah, CEO, GQ Bar & Vogue Cafe

GQ Bar and Vogue Cafe owner Inspired Global plans to bring an additional Vogue Licensed outlet to the region this year, according to CEO, Seehal Shah.

Saudi’s Savola Group Misses Estimates With 23% Profit Drop

Net earnings in the three months to Dec. 31 were SAR434.4 million.

Nakheel Set To Lease Space At New JV Triangle Mall, Al Khail Avenue

The developer will launch for lease 1.5 million sqft of shopping, dining and entertainment space at the mall from January 18.

Kuwait’s Americana Still In Talks For Sale

Americana, backed by Kuwait’s billionaire al-Kharafi family, operates franchises for restaurant chains around the region.

UAE-Based Just Falafel Rebrands As JF Street Food

The company has also launched a global competition to choose new designs for its staff uniforms as part of the rebranding.