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.

Dubai Launches Project To Build World’s Biggest Mall

The eight million sq ft mall will be connected to a theme park, theatres, medical tourism facilities and 100 hotels and serviced apartments.

Nakheel Awards Dhs44m Contract For Al Furjan Community Centre

Construction is scheduled to begin in Q4 2014, and the centre is slated to open in March 2016.

Mall Of Egypt On Track To Open In Jan 2016 – MAF Properties CEO

Political unrest in Egypt is not affecting work on the mall, confirms George Kostas, CEO of UAE-based retailer Majid Al Futtaim Properties.

Six Groups Bidding To Buy Stake In Kuwait’s Americana – Bloomberg

A deal could value the company at about $5 billion.

Majority Of Dubai Consumers Prefer Iftars Priced Below Dhs100- Survey

Iftars and suhours during Ramadan will boost revenues in hotels across Dubai, a new survey says.

New A380 Simulator Launched In Dubai’s Mirdif City Centre

The iPILOT simulator, located in Magic Planet, will offer the experience of flying the world’s largest passenger jet.