Nakheel Appoints Consultant For New Mall At Jumeirah Village Triangle

The two million square foot mall will feature a multi-screen cinema, supermarket, speciality shops and F&B options.

Exclusive: MAF Properties CEO George Kostas On Dubai’s Retail High

In an exclusive interview, George Kostas elaborates on the future of the company.

New Carrefour Opens In Burjuman Following Renovation

The store is the first to open for business in the mall’s renovated North Wing.

Just Falafel CEO Fadi Malas Resigns

Malas is leaving to pursue new opportunities in the SME sector, the company said.

Dubai Duty Free Reprices $1.75bn Loan For Second Time

The six-year loan, originally signed in July 2012, was split between dirham- and U.S. dollar-denominated tranches.

Saudi’s Savola Says Had Initial Talks With Americana Shareholder

Kuwait’s Americana issued a statement earlier this week saying it had no knowledge of any talks with Savola on a possible acquisition.

Kuwait’s Americana Says No Knowledge Of Savola Acquisition Talks

It said a recent meeting between the two companies was intended only to discuss the possibility of joint cooperation in certain fields and markets.

MAF Says Phase 1 Of City Centre Me’aisem In Dubai To Open By 2015

The first phase of the new shopping mall – located in IMPZ – will feature 60 international outlets.

Emaar Says No Decision Yet On Timing Of Malls Unit IPO

The listing is expected to raise Dhs8-Dhs9 billion, making it one of the region’s largest equity offers since 2008.

Kuwait’s Americana Q2 Net Profit Rises 8.7%

Americana, 67 per cent owned by the Kharafi family, may be sold, according to reports.

Germany’s Doner Kebab To Invest Dhs20m In Dubai Expansion

The company is also building a factory in Dubai to keep pace with its growth plans in the region.

UAE’s LuLu Opens New Dhs370m Mall In Fujairah

The new mall will feature an entertainment zone and an ice rink and will anchored by a LuLu hypermarket, the retail giant said.

UAE’s Just Falafel Enters India, Opens First Restaurant In Bangalore

The UAE-based fast food chain has teamed up with Prism Properties to open its outlet in the South Indian city.

Just Falafel To Open 10 New Outlets In Oman

The new chain of outlets will be located across the country with the first two outlets opening in Muscat, the company said.

Dubai’s Majid Al Futtaim Says H1 Revenues Jump 14%

The firm made Dhs12.8 billion ($3.5 billion) in the six months to June 30, it said in a statement.

Saudi’s Savola Says In Talks To Sell Packaging Business To Takween

Savola’s packaging unit’s consolidated net profit last year fell to SAR69.5 million from SAR100 million a year earlier.

Saudi’s Savola Says CEO Mannaa To Resign For Personal Reasons

Savola is a major producer of cooking oil, sugar and other foodstuffs in the Kingdom.

Aldar, Chalhoub To Launch Region’s Largest Department Store In Yas Mall

The new department store, spread across 200,000 sqft, will showcase over 200 global brands.

Saudi’s Savola Beats Estimates with 32.4% Net Profit Gain

The company made a net profit in the three months to June 30 of SAR513.3 million ($136.9 million), compared with SAR387.8 million in the same period a year earlier.

Nakheel Inks Dhs46m Contracts For Palm West Beach, Deira Islands Mall

The developer signed a Dhs6 million contract for a beachside entertainment complex in Palm Jumeirah and confirmed that it has signed the contract for Deira Islands Mall.

Saudi Retailer Jarir Marketing Says Board Proposes Lower Q2 Dividend

Cash divident is lower than the SAR1.70 per share which the firm paid for the corresponding period of 2013.

Dubai’s Food Retail Sales Surged 500% During FIFA World Cup

Shisha cafes benefitted the most as they drew late night crowds with suhour menus and live streaming of soccer games.

Aujan Coca-Cola Buys Majority Stake In Lebanon’s NBC

National Beverage Company (NBC) manufactures and distributes Coca-Cola, Pampa, and other products in Lebanon.

Saudi Conglomerate Olayan Buys 51% Stake In Gulf Union Foods Co

The stake was acquired from a group of investors including private equity firm Jadwa Investment.

Abraaj Investment Management Makes Bid Approach To Egypt’s Bisco Misr

The affiliate of Abraaj Capital is seeking to buy at least a 51 per cent stake in the Egyptian snack maker.

Agthia To Distribute Monster Energy Drinks In The UAE

Agthia also distributes Al Ain Water, Ice Crystal Water, Capri Sun kid’s juice drink and natural spring bottled water Alpin in the country.

Saudi Retailer Jarir Marketing Q2 Net Profit Rises 7.1%

The company said the increase was due higher sales in all segments apart from computers.

Kuwait’s Americana Says No Knowledge Of Any Suitors

Last week, Bloomberg reported private-equity firms KKR & Co LP and TPG Capital were among groups looking to buy a majority stake in the food retailer.

Pictures: Dubai’s New Mega Mall Of The World Project

The development will include the world’s largest mall and a range of leisure, retail, cultural, wellness and hospitality options.

Saudi Arabia’s Almarai Q2 Net Profit Rises 8.8%

The company said rising costs had crimped its half-year profit due to a rising wage bill associated with localisation efforts.