Both the hotels are scheduled to open in July 2014.
Sources had said that Kuwait’s billionaire al-Kharafi family was looking to sell Americana and had hired bankers to explore a deal.
Jarir made 201.3 million riyals ($53.7 million) in the first three months of 2014.
Tech-savvy consumers will drive the growth of e-commerce in the country’s retail sector.
Mazen El Zein, CEO and founder of Crystal Group, shares his insight into the UAE nightlife scene and the company’s planned venue launches this year.
The company reported that its EBITDA grew 11 per cent to reach Dhs3.3 billion in 2013.
Regional club owner expresses concern about the number of new night leisure venues opening in the emirate.
Only female staff will be allowed to work in stores selling women’s products by October 2016, local media reported.
A one million sq ft mall in Jumeirah Village Triangle will feature a 15-screen cinema, a hypermarket and entertainment options.
The 1,291 square-foot restaurant will be located in Parramatta, Sydney, the company said in a statement.
The lenders – Abu Dhabi Commercial Bank and Abu Dhabi Islamic Bank – are now the frontrunners to acquire the business.
PepsiCo SSFL will supply its premium salty snack in all BinHendi food and beverage outlets across the UAE.
Emaar’s strong reputation with investors for delivering projects, plus the fact it has collected healthy deposits on the off-plan developments, meant it was very cash-rich.
VOX plans to open five new cinemas in addition to its existing project pipeline.
Emaar is in the final stages of discussions with banks on the best way to conduct the listing, according to its chairman Mohammed Alabbar.
The specimen, a late Jurassic period dinosaur, is 24.4 metres long and 7.6 metres high and is expected to boost the mall’s footfall.
The district will help Dubai earn around Dhs300 billion in tourism revenues per year by 2020, the developer says.
Alhokair completed the purchase of Spanish clothing brand Blanco last month for 11 million euros.
Dubai’s retail industry is one of the most lucrative sectors for foreign investment, according to a new report.
The new cinema complex is located at ‘The Beach’, a retail destination being developed by Meraas Holding in Dubai Marina.
The mall will be built in phases with the first phase measuring almost 300,000 square feet.
My City Centre, Nasseriya in Sharjah, an investment worth Dhs84 million, will cater to smaller residential communities.
Al Khalidiyah Mall has launched a new 3D cinema and a bowling alley in addition to opening new international branded stores.
Shell’s Italian retail network will be rebranded Q8 as part of the agreement, the company said.
The developer confirmed that 120 retailers have booked spaces at Nakheel Mall.
The kids’ retail store, part of the Landmark Group, currently operates 40 stores in the UAE.
The Fashion District, unveiled on Monday, is the first phase of the mall’s Dhs1billion redevelopment programme.
The Dubai-based mall is undergoing a massive Dhs1 billion redevelopment programme.
Dubai’s retail units were assessed based on their efficiency in complaints resolution, fair pricing policies and customer opinions.
The GCC’s young population, economic well-being and a steadily rising GDP per capita will boost retail banking.