Articles
Dubai Chamber suggests mall owners should lower rent amid retail slowdown
Retailers could come under more pressure if the dollar, to which the dirham is pegged, appreciates further.
UAE retailers turning to promotions to produce results
Majid Al Futtaim, the owner of the City Centre shopping centres and Mall of Emirates, says the challenging economy has led to a growth in sales of value merchandise.
Ikea opens concept store in Al Ain
Customers can order products online and collect them at the store.
Dh59 million apartment at Le Rêve is a palace in the Dubai sky
Le Rêve, a 52-storey residential tower, celebrates its location on 'millionaires’ row' overlooking the Palm Jumeirah and Dubai Marina.
Premium malls still offer added value in UAE’s mature retail market
'The UAE is now a fully mature market and the margins that were once available are now no longer in play,' said David Macadam, the chief executive of the Middle East Council of Shopping Centres.
Face to face with home-grown Careem
Careem’s co-founder tells Mina Aldroubi all about the next leg of his company’s story
UAE retailers set for Eid sales boost
'In the last two days our sales have been up 400 per cent compared to the same period last year,' said Hamdi Kulahcioglu, the general manager of Tryano at Yas Mall.
Delivery firms add to pressure on UAE’s food and beverage sector
Third-party logistics companies are experiencing exponential growth offering support for those F&B businesses that do not have their own fleet of delivery riders.
Saudi billionaire Prince Al Waleed and Daimler invest in Dubai’s Careem
Alwaleed’s investment vehicle, Kingdom Holding, will get a seat on Careem Networks’s board as part of the deal, Careem said in a statement.
This year will be a good one for start-up acquisitions
So far this year eight exit deals for tech start-ups have already been announced in the UAE.
Philippine Airlines reintroduces business class on flights to Dubai
PAL took over the Manila to Dubai route from its low-cost cousin, PAL Express, in 2014 and has only recently deployed its A330 aircraft, which allows for business-class service.
Summer push to help Abu Dhabi retailers ahead of Eid
More than 300 brands are included in the mega-sale with up to 90 per cent discounts; most stores, including Ferrari World and Vox Cinemas, will be open around the clock.
S&P cuts long-term Qatari ratings
The agency said it considered two scenarios, a 100 per cent withdrawal of GCC funds and a 100 per cent withdrawal of GCC funds with a 25 per cent withdrawal from other countries.
Wadi.com co-founder expects e-commerce to flood the region
Anyone who executes the correct way in the next couple of years can get into the big league,” said Pratik Gupta, co-founder of Wadi.com, an e-commerce market platform.
