The JV will see parcel lockers for the collection of e-commerce purchases setup across the region.
Tesco frozen, dry grocery, organic food and FMCG products will available during the first stage of the rollout, the retailer said.
The fashion retailer is planning to expand across locations in the Middle East, Eastern Europe and Central and Southern Asia.
Investcorp said the acquisition would help Totes Isotoner expand its geographic footprint and product range.
The waterfront development includes 225 residential apartments and a 200 room five star hotel.
Profit climbed to SAR190.8 million ($50.9 million) in the quarter, the company said in a statement.
The company made a profit of 423 million riyals in the first three months of 2014, up from 295 million riyals in the year-earlier period.
The Abu Dhabi-based group will invest around $200 million in its hypermarkets across Malaysia.
From early July, shops may be required to close at 9pm instead of midnight.
Riyadh-based Kudu operates more than 200 restaurants in the Kingdom.
The Landmark group hopes to have at least 10 Oasis Centre malls operational across the GCC by the end of 2015.
Dubai-based Marka said it will introduce global franchises and brands to the Gulf, allowing it to build a customer base quickly.
The UAE capital has 778,000 sq m of new retail space in its development pipeline, says CBRE.
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.