The total project cost, including the fourth phase, stands at KD610 million.
RAK Bank, Mashreq and Emirates NBD will offer digital wallets using the MasterPass system in the UAE.
The restaurant will span across 14,000 square foot and will have a network of 30 individual roller coaster tracks that loop, spiral and spin around diners to deliver the menu and food to tables.
Mohamed al-Makkawi, Al-Futtaim’s Egypt CEO, said the investments would be directed towards new projects in Cairo Festival City development.
The fast food chain plans to open about 14 branches within Egypt following the launch of its first store.
Jumbo.ae has been developed in collaboration with Build-a-Bazaar, a subsidiary of Indian e-commerce firm Infibeam.
Luxury managers often see digital media as a threat, but digital channels offer powerful connections with customers, say David Dubois, INSEAD assistant professor of marketing and Debbie Teo, INSEAD MBA ‘12.
Regional retailers must move away from the conventional ways of designing their stores, states Hugo Van Der Schaegh.
The company said it would pay the special cash dividend following the recent IPO of Emaar Malls Group.
The company owned by Dubai’s Al-Futtaim Group plans to raise a 10-year, amortising facility.
The commercial complex will include a shopping centre, stores, a food court and an area for children’s games.
The 2.5 million sq ft mall, developed by Aldar Properties, includes more than 370 stores with nearly 10,000 covered parking spaces.
VOX Cinemas will occupy two-storeys in the upcoming mall and feature 15 theatres.
Vietnam’s largest coffee grower is plotting 100 locations across MENA over the next 10 years, according to Nguyen Nguyen, general manager, Trung Nguyen Franchising Corporation.
MENA Online retailer looks to follow the success of behemoth Alibaba, which generated $9 billion worth of e-commerce sales during China’s recent Singles Day.
The 2.3 million sqft mall, located in Al Maryah Island, is scheduled for opening in March 2018.
The latest renovation will add an 80,000 square feet Carrefour hypermarket, around 50 new retail brands and a number of street-based restaurants to the mall.
The opening is timed to coincide with the 2014 Formula 1 Etihad Airways Abu Dhabi Grand Prix.
The deal is Abraaj’s fourth investment into Southeast Asia’s food and beverage industry.
The first café will open in the UAE before November 2015, the company said in a statement.
The offer is for the whole company but Abraaj will accept no less than a 51 per cent controlling stake, it said.
The retail group will open 42 brands in Yas Mall, including the UAE’s first Pottery Barn Teen and Icing store.
The 1.9 km Night Souq, coming up on the south island, will be within walking distance of hotels, residences and the Deira Islands Mall.
The retail and malls unit of Dubai’s largest developer made a quarterly profit of Dhs321.18 million.
The spaces are available in Azure Residences and Club Vista Mare, two beachside residential and recreational projects.
The Drive at AKOYA will be extended to 2.5 kilometres from its initial length of 1.3 kilometres due to demand, the luxury property developer said.
The Abu Dhabi Macy’s will span about 205,000 square foot while the new Bloomingdale’s, the UAE’s second, will be spread across 230,000 square foot.
Yas Mall, developed by Aldar, is set to open in November and will feature over 370 retail and F&B brands.
The private equity firm has been in exclusive talks for months to buy a controlling holding in the restaurant group.
The distribution centre is also IKEA Group’s first direct investment in the region and is scheduled for completion in September 2015.