Americana, backed by Kuwait’s billionaire al-Kharafi family, operates franchises for restaurant chains including KFC and Pizza Hut.
The move is part of a wider Middle East expansion plan to open 55 new branches this year.
Perfume was the top selling product in Dubai Duty Free during 2014, followed by liquor and gold, the airport retailer said.
The units are expected to open in April 2015, the developer said in a statement.
The retailer plans to open eight new stores in the Kingdom over the next 24 months, the company’s managing director said.
The acquisition of Retailcorp will give Marka a network of 15 sporting goods outlets across the UAE, a statement said.
The German brand, famous for its roast chicken, is opening outlets in JBR and Dubai Media City.
Increased tourist flows to the region have catapulted the Middle East into the top global market for luxury spending, a new report says
The new snacks manufacturing facility, in Dammam, is the company’s 15th facility in the Middle East.
The latest addition will see Al Ghurair’s retail presence in the region increase to 90 shops from the 60 it currently operates in the UAE, Kuwait and Qatar.
Although opportunities are abound, many entrepreneurs underestimate the challenges of starting up online.
About 60 per cent of online consumers in the UAE have made purchases from overseas stores in the last 12 months, a new survey says.
The Circle Mall is currently in the design stage and will open by 2017.
The duty free shopping centre, situated in Lagos, is scheduled to be completed by 2016.
The facility will now have a new production line for Snickers, and employ 50 additional people.
The clothing retailer, which is also selling its menswear brand Hackett, expects binding offers in around three weeks.
The District on Saadiyat island, is being developed by TDIC along with L Real Estate.
Azadea expects to fetch between $400 million and $500 million with its offer of a 25 per cent stake, sources said.
One of the plants at the facility had been destroyed, while another had its structure partially damaged.
Spread across 198 sqm, the Lego certified store is located in the newly opened Yas Mall.
The first Dairy Queen Treat Stores and Grill & Chill restaurants are expected by Q2 2015.
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.