Majid Al Futtaim plans to launch two new hotels and upgrade Mall of the Emirates and Deira City Centre and build a new cinema complex.
The opening also marked the U.S.-brand’s 34th year in the UAE as figures show it occupies 69 per cent of the local market share.
Experts believe the emirate has what it takes to achieve its ambitious goal.
The emirate, which recently announced a new design district, has now signed an agreement to create ‘Dubai Fashion 2020.’
Richard Bergfors, CEO of the Swedish chain Max Burger, which recently launched in Dubai, tells Aarti Nagraj why he is confident of success.
The company, which operates brands such as Sharaf DG and Forever 21, is rapidly expanding across the region.
Dubai Summer Surprises offers an opportunity to woo new customers, writes James Tracy-Inglis, managing director at Saatchi and Saatchi X
The ‘Dubai Design District’, located adjacent to the Business Bay area, will aim to become a full service commercial hub for the industry.
Mondelez International’s president for EEMEA said the maker of Oreo cookies has spent at least ten years on research.
The Majid Al Futtaim group planned to partly finance the $683 million acquisition of Carrefour’s stake through a hybrid bond.
Warner Bros licenses regional operator to market the themed fragrances in the Middle East.
The developer of shopping malls will go on a roadshow to raise money from institutional investors for the purchase of a minority share in Carrefour.
Up to 25 new international retailers opened their stores in the emirate last year.
Majid Al Futtaim Hypermarkets operates 50 hypermarkets and 44 supermarkets under the Carrefour name.
The emirate welcomed 25 new retailers last year, says new study by CBRE.
China and Europe boosted Italian fashion giant’s revenues to $2.7 billion in 2012.
In April, Versace CEO Gian Giacomo Ferraris said the house may consider opening the company to outside investors to help fund expansion
Majid Al Futtaim is eyeing the acquisition of Mansour Group’s Metro chain and discount grocery store Kheir Zaman.
The region’s leading e-commerce players are braced for growth in 2013 following a wave of venture capital last year.
As the world gets smaller individuals have more access to designers and couture items, says Rivaage Boutique founder.
Some experts say the GCC suffers from a lack of local halal certification bodies, as buyers opt for European rivals.
The emirate is rapidly developing new retail space, finds new report.
The Dubai-based mall is undergoing a massive Dhs2 billion-expansion project.
ENBD presently generates around 95 per cent of its revenue from its home market, although it is hoping to increase its international business to 15-20 per cent in five years.
Driven by the GCC’s young population and high-income levels, the region’s food industry is witnessing heavy investment and rapid expansion.
With $16 million sales per day, is Dubai Duty Free’s success about being in the right place at the right time or a shrewd business strategy?
The Swedish burger chain recently opened its first store outside Scandinavia in Dubai.
The airport retailer recorded sales of Dhs1.6 billion in the first three months of the year.
The SAR1.3 billion issue attracted orders worth SAR2.4 billion from institutional investors inside Saudi Arabia.
Borletti and RREEF bought Printemps in 2006 from French luxury group PPR for 1.1 billion euros ($1.41 billion).