Insights: General
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UAE-based Lulu Hypermart opens first outlet in Malaysia
KUALA LUMPUR: The UAE-based Lulu Hypermarket has opened its first outlet in Malaysia, becoming a gateway for Malaysians to market their products to the Middle East and Asia. Prime Minister Datuk Seri Najib Tun Razak said the largest retail chain in the Middle East was keen on marketing Malaysia’s fresh and dry produce at its
Millennium & Copthorne to open 10 GCC hotels in next year
Millennium & Copthorne, Middle East and Africa has announced plans to substantially expand its operating portfolio in the GCC region over the next year with 10 hotels set to open in the next 12 months. The global hotel operator will open new properties in UAE, Qatar, Oman and Saudi Arabia. The new hotels will add
UAE hotels in talks to open near Jeddah Tower
Major hotels are in talks to open near the Jeddah Tower, the skyscraper which will become the world’s tallest upon its completion in 2019. “Of course we have the Four Seasons inside the Jeddah Tower (previously called Kingdom Tower), but we are already in negotiations with Jumeirah, Rotana, Swissotel, Fairmont and others all [for] phase
Dubai ruler launches 2030 Dubai Industrial Strategy
Dubai’s ruler His Highness Sheikh Mohammed bin Rashid Al Maktoum has launched the 2030 Dubai Industrial Strategy, according to a statement released on Saturday. The strategy aims to add AED165 billion to the economy and create thousands of jobs by 2030 by setting out priorities for developing aerospace, maritime, aluminium and fabricated metals, pharmaceuticals and medical equipment,
Moody’s upgrades Dubai’s Emaar over ‘financial strength’
Dubai-based developer Emaar Properties has been upgraded to Baa3 long-term issuer rating by Moody’s Investor Service with a ‘stable’ outlook. The company behind the Burj Khalifa, the world’s tallest building, said the upgrade highlighted “its financial strength and ability to create sustained shareholder value through its ongoing projects and assured recurring revenues from its malls
Bahrain to become ‘wedding destination’
Bahrain is set to become a prime ‘wedding destination’ according to the 2016/17 action plan launched by the country’s Tourism and Exhibitions Authority today. The two-year plan is aimed at strengthening Bahrain’s tourism sector through fields correlated to the wedding sector, such as fashion, music, cosmetics, hospitality, rental cars and aviation, reported Bahrain News Agency.
Dubai’s Blends & Brews Coffee Shoppe plans global expansion
Blends & Brews Coffee Shoppe, operating under the hospitality division of UAE-based Thumbay Group, will add 100 outlets worldwide to its portfolio by 2020, according to Thumbay Group founder and president Thumbay Moideen. The Dubai-founded brand recently ventured into India, opening a café in Thumbay New Life Hospital, Hyderabad, shortly before it unveiled its seventh
New law allows non-UAE citizens to buy land in Dubai South
Land plots in Dubai World Central have been made available for non-UAE citizens to purchase after a decision was made on Monday by Dubai’s ruler HH Shaikh Mohammad Bin Rashid Al Maktoum on Monday. “The decision grants non-UAE nationals the rights to absolute ownership, without a specific time frame, of lands and properties located in
Six Flags announces theme park in Saudi Arabia
US-based Six Flags Entertainment Corp plans to expand to Saudi Arabia, its chief executive announced on Monday. After a meeting with Saudi deputy crown prince Mohammed bin Salman during his current visit to the US, Six Flags CEO John Duffey revealed the company’s future plans in the Kingdom on Al Arabyia TV. “We’re very honored
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