Burj Khalifa and Dubai Fountain have, perhaps unsurprisingly, been rated as the top attractions among international tourists in Dubai.
Blackstone Group LP and CVC Capital Partners are among buyout firms weighing a bid for as much as a 40 percent stake in Emaar Properties PJSC’s entertainment division, according to people familiar with the matter, reports Bloomberg.
Dubai’s gross domestic product will likely accelerate this year at a faster pace than most Arab economies, bolstered by local spending and a pick-up in global trade, the International Monetary Fund said on Tuesday, according to Bloomberg.
Dubai-based business-tycoon Mohamed Alabbar is weighing buying into venture capital firms in the Middle East to help kick start his $1 billion technology fund, according to people familiar with the matter, according to Bloomberg.
Amazon.com Inc. has agreed to buy Dubai-based online retailer Souq.com, betting that e-commerce in the Middle East is poised to take off, says Bloomberg
Dubai Holding LLC named Edris Alrafi chief executive officer as the investment company owned by the emirate’s ruler seeks to grow after years of restructuring, according to Bloomberg.
More than half a century ago, Revlon founder Charles Revlon famously described the true business of cosmetics makers: “We sell hope.” Today the same could be said about what the large, established beauty houses see in small, social media-driven makeup companies, reports Bloomberg
In the increasingly intense battle between food delivery services, it’s no longer enough just to bring the food to the customers. Now Deliveroo, the London-based startup, is moving whole kitchens to new neighborhoods to gain an edge over rivals like Uber Eats, Amazon Restaurants, and Just Eat Plc, says Amazon.
Emaar Malls PJSC, the shopping-center unit of Dubai’s largest publicly-traded property developer, bid for online retailer Souq.com in a challenge to an offer made by Amazon.com Inc., according to people familiar with the matter, said Bloomberg
Ireland’s $21 billion food and beverage industry is turning to the Middle East for sales as the U.K., its biggest buyer, prepares to move ahead with Brexit and leave the European Union, says Bloomberg