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Michael Fahy

Michael Fahy

Location

Articles

Ronaldo Mouchawar, co-founder of Souq.com
Amazon completes Souq.com deal

Company says integration has already begun, with customers able to use Amazon details for Souq site

BusinessJuly 03, 2017
Former Drake & Scull chief sells most of Depa stake
BusinessJuly 02, 2017
Above, the Al Qasr hotel operated by the Jumeirah Group in Dubai. Gabriela Maj / Bloomberg
Jumeirah Group CEO steps down for personal reasons

Stefan Leser joined the company in January 2016 after former boss Gerald Lawless moved upstairs

Travel and TourismJuly 02, 2017
A villa in Dubailand. Prices are under pressure in that area of Dubai. Courtesy Luxhabitat
Cheaper new homes drag down prices in Dubailand

About a quarter of all homes due for completion in Dubai this year are in Dubailand, Valustrat says.

BusinessJuly 01, 2017
Under the deal, which also includes four Gulfmart supermarkets in Bahrain, all of the hypermarkets, supermarkets and convenience stories will be rebranded as Carrefour. Mona Al Marzooqi / The National
MAF acquires Retail Arabia - franchise owner of Geant in Middle East

Majid Al Futtaim to rebrand Geant stores as Carrefour outlet

BusinessJune 30, 2017
Emaar, the developer of the world's tallest building in Dubai says it plans to build an even taller tower in the Mideast commercial hub, called the Tower at Dubai Creek Harbour. Renderings courtesy Emaar
Hill International to project manage Dubai Creek Harbour

Project management company Hill International has announced that it has won a won Dh27.8 million, one-year deal to oversee construction at Emaar Properties’ huge Dubai Creek Harbour scheme.

PropertyJune 30, 2017
Under the deal, which also includes four Gulfmart supermarkets in Bahrain, all of the hypermarkets, supermarkets and convenience stories will be rebranded as Carrefour. Mona Al Marzooqi / The National
MAF acquires Retail Arabia – franchise owner of Geant in the Middle East

No staff will lose their jobs in the deal that will see 30 stores converted into Carrefour outlets.

BusinessJune 29, 2017
Geant will become part of Carrefour’s portfolio, adding 13 UAE stores, taking the number to 80. Chris Whiteoak for The National
Takeover of Geant by Majid Al Futtaim is ‘good for UAE shoppers’

Majid Al Futtaim Group’s deal to acquire 26 Geant stores and rebrand them as Carrefour could bring the consumer lower prices, the head of its Middle East franchise group says.

UAEJune 29, 2017
E-commerce growth creates investment opportunity in UAE logistics space

However, opportunities for investors to buy in this market remain few and far between

BusinessJune 27, 2017
A Souq.com warehouse in Dubai. Such logistics centres for online retailers are a growth area in the property market. Jon Gambrell / AP Photo
Warehouses benefit from e-commerce

The growth of online shopping is creating investment opportunities in logistics.

BusinessJune 26, 2017
Off-plan sales make up half of Dubai property deals
Off-plan sales make up half of Dubai property deals

Cheaper prices and generous payment plans drive investor sentiment

BusinessJune 25, 2017
Construction work at Al Bayt Stadium in Doha, one of the venues for Fifa World Cup 2022. Naseem Zeitoon / Reuters
Qatar faces possible shortages of building materials after links cut

Qatar has stockpiled supplies of basic building materials but a prolonged economic boycott by the neighbouring countries will disrupt supply.

BusinessJune 23, 2017
A golf course and residential compounds in Dubai. AFP
Dubai residential sales dominated by off-plan purchases

Buyers are taking advantage of increasingly generous payment plans, according to listings portal propertyfinder.ae.

PropertyJune 22, 2017
Damac to develop $1bn Muscat port project

The project is being developed over four phases with an anticipated delivery date of 2027

PropertyJune 22, 2017
Arabtec gets go-ahead for capital reduction

Shares to trade at new price after market’s Eid break.

PropertyJune 22, 2017
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