Nakheel Says Ibn Battuta Mall Welcomed 313,000 Visitors During Eid

Visitor figures at the mall in Dubai averaged 78,300 per day during the four-day break.

UAE’s Emke Group Buys Stake In East India Company

The group will acquire almost 10 per cent stake in British trading firm East India Company along with a 40 per cent share in its fine foods subsidiary.

UAE Residents Prefer Luxury Experiences Over Goods-Study

The study noted that 33 per cent of the UAE residents expect to step up their luxury spending over the next few months.

Mondelez Plans $90m Biscuit Plant In Bahrain

The new plant will create about 300 jobs, the company said.

UAE Urged To Have More Home-Grown F&B Operators

Up to 80 per cent of the UAE’s food sector is currently franchise-operated, according to Salem bin Dasmal, founder of Silver Spoon Investments.

Pictures: Nakheel’s Upcoming Dhs150m Palm Jumeirah Boardwalk

The developer has awarded a contract for the project to Overseas AST Company.

PepsiCo Opens Food And Beverage Innovation Centre In Dubai

The new innovation centre will help develop products that will cater to the tastes of the local market and boost regional sales, the company said.

Majid Al Futtaim To Partner With British Firm AllSaints For Regional Stores

MAF-Fashion will begin the roll out of the AllSaints stores across the GCC in 2015, a statement said.

Nakheel Opens New Community Mall In Discovery Gardens

Discovery Gardens Pavilion has nearly 30 shops, a medical centre, a nursery, restaurants and cafes along with a Geant Easy supermarket.

Dubai Duty Free Refinances Loans Worth $2.5bn For Better Terms

The state-controlled retailer launched the repricing exercise last month, one of a string of United Arab Emirates companies to cut their borrowing costs in recent months.

Phase One Of Dubai’s Mall of the World Project Slated For Completion By 2020

The first phase, anticipated to include retail and hospitality elements, will be completed in three years.

Kuwait’s Americana Says Major Shareholder Evaluating Options On Stake

The Kharafi family is the billionaire majority shareholder with 66.8 per cent of the firm.

Emaar Malls Group Opens 24-Hour Call Centre Ahead Of IPO Launch

The retailing unit of Emaar Properties will launch an IPO on the Dubai Financial Market on September 14.

MAF Launches Angry Birds Branded Prepaid Card In The UAE

Majid Al Futtaim Finance has partnered with Rovio Entertainment, which owns the Angry Birds brand, to create the prepaid card for UAE customers.

Dubai Holding To Begin Work On Mall Of The World In Q1 2015

The mega project, announced earlier this year, will house the world’s largest shopping mall.

UAE-Based Namshi To Be Part Of New Global Fashion E-Commerce Group

Rocket Internet group and Sweden’s Kinnevik are combining five international fashion e-commerce firms including Dafiti, Jabong, Lamoda, Namshi and Zalora.

MAF Announces $70m Phase 2 Expansion For City Centre Muscat

The new expansion project, which will begin later this year, will see the introduction of 60 new shopping and dining options.

Nakheel Opens Its First Community Retail Mall

Jumeirah Park Pavilion is a 10,6000 square metre retail facility and will cater to residents of the Jumeirah Park, Jumeirah Islands and Jumeirah Village communities.

Dubai Festival City Begins Phase Two Of Retail Expansion

The move is part of a large-scale redevelopment plan which includes reforming the mall’s exterior and adding more retail brands.

Dubai Retailer Marka Appoints CEO

Nick Peel joins the start-up firm having previously worked at British retailer McArthurGlen as well as soccer clubs Arsenal and Rangers.

Emaar To Launch Malls Unit IPO In September, List It In October

Emaar, Dubai’s largest real estate developer, will offer 30 per cent of the shares to individual investors and 70 per cent to qualified institutional investors.

Aldar Readies To Open Abu Dhabi’s Largest Geant Store In Yas Mall

Yas Mall, set to open in November, is slated to become the emirate’s first ‘super-regional’ mall.

Burger King To Buy Canada’s Tim Hortons For $11.5 billion

The deal will create the world’s third-largest fast food restaurant group, with sales of about $23 billion.

MAF Says Phase Two Of Mall Of The Emirates’ Dhs1bn Expansion Begins

The new phase will include a redesigned VOX Cinemas complex and the launch of new fashion brands and F&B outlets.

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.