Qatar Investment Authority has reportedly approached several large private equity houses to jointly bid for British retailer Marks & Spencer.
Visitors from Qatar and Kuwait were found to be the biggest spenders.
The company is currently in talks to export the product to the US, UK, Japan, Brazil and Russia, among other countries.
Retail plays an important role in the UAE’s economic growth, accounting for 12 per cent of Dubai’s GDP over the last ten years.
Products are tested externally and internally to ensure that “quality is maintained” says regional head.
American fashion house will open a Hollister store in Mall of the Emirates in Q3 of this year.
Food is the largest segment of consumer expenditure in the region and stood at $83 billion year-end 2012, says new report.
The Saudi-based juice manufacturer, which signed a $1 billion deal with Coca-Cola in 2011, plans to launch Rani and Barbican brands in international markets.
The Qatar Investment Fund first acquired a 5.2 per cent stake in April last year.
The announcement marked a rare public appearance from the chairman of DAMAC, Hussain Sajwani.
The company aims to have 30 stores in the region by end of 2015.
Luxury brands at SIHH are realigning their positions in the Middle East.
The company, which is expanding rapidly, aims bid for Egypt supermarket chain Metro in the first quarter of 2013.
The Swiss watchmaker unveils its timepieces for the new year at the SIHH in Geneva.
The dairy and food producer made a net profit of SAR369 million in the fourth quarter of 2012.
According to a Deloitte report on e-commerce in Turkey, 17 merger and acquisition deals were closed last year.
Sales forecast at Dhs 6.6 billion for 2013, says executive vice chairman Colm McLoughlin.
The Dubai developer has denied reports it is planning to list its malls business.
The group expects good results at operating profit and net income level when they’re released next month.
The company has launched it’s first store outside the Middle East in London.
The number of stores at the adjacent shopping centre is set to rise from 200 to 350 this year.
A new Carrefour hypermarket and a 14-screen Vox Cinemas multiplex are part of the mall’s renovation plan.
The Majid Al Futtaim group is reportedly in talks to buy the supermarket business of Mansour Group.
Shant Oknayan, co-founder of GlamBox, describes the first 12 months for the UAE’s start-up beauty revolution.
Hong Kong clothing store to open 60 stores in the region and India by the end of 2015, says chairman Dr Peter Lau.
Where to go for the best bespoke suits and shirts in the emirate.
Steinway Piano Gallery will be displaying a crystallised 1/6 scale model grand piano worth AED12 million for the first time
With increased consolidation and tepid growth only a few players will survive, says Manuel Emch, CEO of Romain Jerome.
The mall will be part of a new retail and tourism complex that also includes a park bigger than London’s Hyde park.
A new breed of mannequin uses facial recognition software to gather customer data while you shop.