The Grand Prix d’Horlogerie de Genève will showcase 70 of the finest watches in DIFC this October.
Alhokair net profit rose nearly 37 per cent year on year in the three months to June 30.
The facility will be arranged by Abu Dhabi Commercial Bank, Emirates NBD and Standard Chartered.
The biggest shopping extravaganza in the Middle East attracted 4.66 million visitors last year.
The mall operator will use the $1.5 billion facility to replace revolving loans totalling $1 billion.
The Philippines-based casual dining chain will open two outlets in Abu Dhabi this year.
The luxurious destination features 100 retail and high-end F&B outlets spread across 33,000 sq metres.
A construction timeline for the proposed 30,000 square metre retail facility is yet to be announced.
The region’s online mother and child website aims to attract female investors to online retail through the women-only investment round.
Abu Dhabi duty free revenues touched Dhs437.6 million in the first half of 2013, up 17.4 per cent from the same period last year.
Gourmet Gulf holds franchise rights for brands like California Pizza Kitchen, Morelli’s Gelato and YO! Sushi.
The global coffee chain has introduced camel milk as an option for customers, as well as a new camel milk iced drink.
The Kuwaiti form bought Little Chef from private equity firm RCapital.
The emirate’s recently launched project is receiving strong interest from designers, design academies and boutique hotels, says developer.
A growing population and increased consumer spending are expected to drive the Kingdom’s food and agricultural sectors.
The boutique, for its luxury brand Qela, will launch in Doha in late September and will sell leather goods, shoes, jewellery and clothing.
The offering, which is not imminent, is likely to be denominated in Saudi riyals.
The services sector, along with the electronics sector, accounted for over half the increases in consumer complaints this year.
Industry, finance, transportation, real estate and construction are some of the other key sectors driving economic growth in the emirate.
Despite government efforts, food prices are rising throughout the Holy month with coffee, tea and cocoa up by 5.4 per cent since Ramadan began.
Secondary malls, like Discovery Gardens Centre, will come as a relief as retail space at the major malls faces high demand.
The affinity towards luxurious brands and intra-region tourism has helped boost the luxury goods market in the emirate.
A retail expert from Manchester Business School, Dubai, warns foreign businesses to take their expansion plans seriously.
Majid Al Futtaim plans to launch two new hotels and upgrade Mall of the Emirates and Deira City Centre and build a new cinema complex.
The opening also marked the U.S.-brand’s 34th year in the UAE as figures show it occupies 69 per cent of the local market share.
Experts believe the emirate has what it takes to achieve its ambitious goal.
The emirate, which recently announced a new design district, has now signed an agreement to create ‘Dubai Fashion 2020.’
Richard Bergfors, CEO of the Swedish chain Max Burger, which recently launched in Dubai, tells Aarti Nagraj why he is confident of success.
The company, which operates brands such as Sharaf DG and Forever 21, is rapidly expanding across the region.
Dubai Summer Surprises offers an opportunity to woo new customers, writes James Tracy-Inglis, managing director at Saatchi and Saatchi X
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