Mezzan is buying Unitra Mets Group (UMG) from Abu Dhabi-based Invest AD
Abu Dhabi is significantly ramping up its retail offering and may even steal market share away from Dubai.
International food event to showcase Kingdom’s market potential.
The new financing will be used to speed up plans for regional expansion, with GlamBox hoping to deliver its first products to Saudi before the end of the year.
The Deira-based mall will feature over 130 new stores including Marks & Spencer, Mango and Omega.
MAF had a Carrefour store in Aleppo shut down as a result of the violence in Syria.
The UAE’s airport retail sector has benefitted heavily from increased passenger traffic in the country.
The restaurant will be owned and operated by franchise partner Awgal investments and Menfex, the brand developer for Mooyah.
The fast food chain is reportedly looking to offload around 25 per cent of its shares.
Family-owned Italian fashion house Versace is looking to sell between 15 to 20 per cent to investors.
Average retail rental rates in Dubai and Abu Dhabi were $114 and $71 per square feet per annum respectively.
The renovation project will include new shopping, dining and entertainment concepts.
The Grand Prix d’Horlogerie de Genève will showcase 70 of the finest watches in DIFC this October.
Alhokair net profit rose nearly 37 per cent year on year in the three months to June 30.
The facility will be arranged by Abu Dhabi Commercial Bank, Emirates NBD and Standard Chartered.
The biggest shopping extravaganza in the Middle East attracted 4.66 million visitors last year.
The mall operator will use the $1.5 billion facility to replace revolving loans totalling $1 billion.
The Philippines-based casual dining chain will open two outlets in Abu Dhabi this year.
The luxurious destination features 100 retail and high-end F&B outlets spread across 33,000 sq metres.
A construction timeline for the proposed 30,000 square metre retail facility is yet to be announced.
The region’s online mother and child website aims to attract female investors to online retail through the women-only investment round.
Abu Dhabi duty free revenues touched Dhs437.6 million in the first half of 2013, up 17.4 per cent from the same period last year.
Gourmet Gulf holds franchise rights for brands like California Pizza Kitchen, Morelli’s Gelato and YO! Sushi.
The global coffee chain has introduced camel milk as an option for customers, as well as a new camel milk iced drink.
The Kuwaiti form bought Little Chef from private equity firm RCapital.
The emirate’s recently launched project is receiving strong interest from designers, design academies and boutique hotels, says developer.
A growing population and increased consumer spending are expected to drive the Kingdom’s food and agricultural sectors.
The boutique, for its luxury brand Qela, will launch in Doha in late September and will sell leather goods, shoes, jewellery and clothing.
The offering, which is not imminent, is likely to be denominated in Saudi riyals.
The services sector, along with the electronics sector, accounted for over half the increases in consumer complaints this year.