Articles
Emaar Malls confirms $800m bid for Souq.com
The bid has so far not been accepted by Souq.com’s shareholders, Emaar Malls said in a bourse statement.
F&B operators in UAE find relief in rents as consumers cut back on dining out
Landlords are willing to negotiate their rents to keep concepts in their buildings.
Hyperloop rivalry hots up with HTT’s plan to build full-scale capsule
The company is the second in recent weeks to make headlines, with Elon Musk's Hyperloop One carrying out a feasibility study for Dubai.
Amazon deal for Souq.com is back on
Speculation about a potential sale of Souq.com to the US e-commerce firm had circulated for months, but the deal was thought to have floundered in January over the valuation.
Dubai Duty Free to lose $2 million from US cabin baggage ban of laptops and electronic devices
About 2 per cent of the retailer’s annual sales of US$1.85 billion are generated by passengers travelling to the US. Of that about 5 per cent goes on electronics purchases.
Work starts on third phase of Dubai’s Mohammed bin Rashid solar park
The third phase will have enough capacity to power about 200,000 homes and is expected to be completed in three years.
A rise in the number of GCC start-ups encouraging mobile commerce
In the region, the share of e-commerce compared to the overall retail market is small, at about 1 to 2 per cent, but mobile is expected to spur its growth.
GFH names new board chairman
The development comes even as the company is in talks with the Dubai investment bank Shuaa Capital about a possible merger.
S&P keeps Etisalat rating despite loan default of UAE telco’s Nigerian subsidiary
The ratings company said it would maintain Etisalat’s AA-/Stable/A-1+ S&P rating even after Emerging Markets Telecommunication Services or Etisalat Nigeria missed its February payment on its US$1.2 billion.
Paris Gallery Group aims to open 30 new stores
Paris Gallery sells products from 800 international brands including perfumes, cosmetics and fashion.
UAE retailer Al Futtaim counts on refresh of value brand to drive sales
The Aftron electronics, originally launched 23 years ago, has been redesigned with a smaller product range.
Souq’s push into physical stores shows e-commerce still has work to do in the UAE
The region’s largest e-commerce platform opened its first ‘customer experience centre’ on Dubai’s Sheik Zayed Road, it said on Sunday.
P&O Cruises eager to tap into Dubai’s tourism potential
Oceana cruise liner will be based in Port Rashid offering five Arabian Gulf cruises of up to 10-night itineraries with overnight stays in Dubai and Abu dhabi.
UAE superyacht builder set to go even larger
Al Futtaim targets rising retail demand with new mall in Jebel Ali area
Ikea will anchor the new mall when it opens in 2019 – in sight of Ibn Battuta Mall.
