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SOUQ Customers Enjoyed Biggest Regional Online Shopping Event in Record-Setting White Friday 2017

SOUQ doubles number of items sold during White Friday 2017 compared to last year’s event With one million deals on offer, total number of items sold more than doubled compared to last year’s event 18 items sold per second during highest traffic time Products from over 16,000 fashion, beauty, electronics, grocery and other brands were on sale Over 70% of customers shopped through mobile devices across the region Almost half of customers paid using electronic payment methods 29th November, 2017, Dubai, United Arab Emirates:  SOUQ.com today announced that the number of items sold during White Friday 2017 more than doubled compared to last year - making it the biggest shopping event in SOUQ history. An unprecedented one million deals were on offer during the event, and 18 items were sold per second during ......read more

SOUQ ramps up operations ahead of White Friday Sale

Shoppers can snap up deals on a whopping five million products that will match the lowest prices in the region SOUQ further boosts operational excellence ahead of White Friday sale to create a superior customer shopping experience Targeted investment into expansion of Fulfillment Centers to gear up for increased demand Growth in number of staff and additional pickup points to meet high volume of orders Roll out of credit card payment on delivery in the United Arab Emirates (UAE) 20th November, 2017, Dubai, U.A.E:  SOUQ.com, the online retail and marketplace in the Middle East, has integrated some of parent company Amazon's (AMZN) processes and systems to further strengthen its robust delivery operations ahead of White Friday, its biggest online shopping event in the region. SOUQ's annual White Friday sale is ......read more

SOUQ.com to Launch Half a Million Deals for White Friday 2017

SOUQ’s biggest online sale to run an unprecedented 500,000 deals on 16,000 brands for shoppers in the GCC and Egypt from 22 to 25 November 50 times more deals on offer than last year across all categories, from electronics to furniture, fashion, toys and much more SOUQ adds massive new line up of leading labels on offer for White Friday Sale  14 November 2017, Dubai, United Arab Emirates:  SOUQ.com has announced the return of its biggest online shopping event, the annual “White Friday Sale”, with 500,000 deals across the region on more than 16,000 brands, from Wednesday 22nd to Saturday 25th November 2017. In its fourth year running, shoppers across the GCC and Egypt can snap up deals of up to 70 percent off on all product categories on SOUQ's website and mobile app, including mobiles, TVs, ......read more

Retail poised to be the first sector to recover in Riyadh's Real Estate Market

All real estate sectors continue to soften over Q3 2017, highlights JLL’s Q3 market overview report  Retail sector sees growth in sales and increased participation by women in the workforce  Riyadh, Kingdom of Saudi Arabia –30 October 2017:  With retail sales continuing to increase, this could be the first sector to recover in Riyadh real estate market, highlights JLL’s Q3 market overview report. As the government launched the USD 2.6 billion entertainment company in September, Shoppertainment remains a key concept in the retail industry among entertainment, leisure and F&B tenants.  The growing participation by women in the workforce in Riyadh increased 1% quarter-on-quarter, to reach a total number of 397,000 women currently employed. Furthermore, recent laws introduced to allow women ......read more

Saudi Investors to Keep Faith in Dubai Real Estate - Developer

ARTAR COO says the emirate’s property market has a proven reputation for delivering long-term benefits  Dubai, UAE, 13 September 2017:  Saudi Arabian investors will continue to put their faith in Dubai real estate because the emirate’s property market has a proven reputation for delivering long-term benefits, a developer said at Cityscape Global today. Okbah Abdulkarim, Chief Operating Officer of ARTAR Real Estate Development, says Dubai’s status as a safe haven for real investors remains intact and major developments driving the economy are building investor interest, particularly from Saudi. Official Dubai Land Department figures show that, in the 18 months from January 2016 to the end of June this year, the biggest GCC investors in Dubai real estate other than Emiratis were Saudis who made a total ......read more

Swarovski Opens a New Boutique at the Red Sea Mall, Jeddah

September 4, 2017:  When heritage meets craftsmanship, it results in Swarovski’s unsurpassed ability to renew itself in the utmost respect of its brand DNA. Crystal cutting expert, master of light and sparkle, glamour booster, Swarovski adds its fashion signature to make every day extraordinary and permit women to express their personality through inspired accessories, from day to night. To best encounter its collections, Swarovski invites women to live a real experience in its 2500 stores worldwide. An experience which is now possible in Jeddah at the Red Sea Mall, in a sophisticated and elegant atmosphere reflecting the brand’s iconic facets and plays with light, women can enjoy the whole Swarovski universe comprising fashion accessories, home objects, watches and men’s pieces as well.  An Exclusive ......read more

SOUQ.com – Your one stop shop for all back to school essentials with up to 60% off

20th August 2017, Dubai, U.A.E.:  With soaring temperatures and busy lifestyles, SOUQ.com is enabling parents to conveniently shop all ‘Back to School’ essentials at click of a button and have the products delivered to their doorstep.  Offering exciting discounts up to 60% off on ‘Back-to-School’ collection, SOUQ.com promises to be your one-stop shop for all school requisites. From school bags, stationary, uniforms, daily kitchen essentials, hygiene products, lunch items to study room furniture, printers and scanners, SOUQ.com is offering all this and much more at incredibly affordable prices.  Catering to multifaceted needs of parents and kids, SOUQ.com’s ‘Back to School’ collection features the latest assortment of products and trendy characters including Disney Cars 3, ......read more

Sentiment ‘boosted' in the Makkah Real Estate market during H1 2017

JLL releases its Makkah H1 marketplace report showing signs of positivity as quotas are lifted on Hajj pilgrims Expected increase in visitors will benefit the retail sector  Makkah, Kingdom of Saudi Arabia – July 27, 2017:   JLL, the world’s leading real estate investment and advisory firm, today released its H1 2017 Makkah Real Estate Market Overview report which assesses the latest trends in the office, residential, retail and hotels sectors.  The overall sentiment in the Makkah market was boosted during H1 2017 as the government lifted the quota on Hajj pilgrims despite ongoing major infrastructural work on the Holy Mosque. This shift in policy should further benefit retailers in Makkah who typically enjoy above average sales during the Hajj season. Retail rents declined by 7.5% in the central area ......read more

Montblanc increases presence in Saudi Arabia with new boutique in Riyadh's Panorama Mall

Boutique showcases latest collections of finely crafted lifetime accessories 18 June 2017:  International luxury Maison Montblanc has announced the opening of its latest boutique in the Middle East, in Riyadh’s Panorama Mall in the Kingdom of Saudi Arabia. Managed by Montblanc’s longstanding partner, the Al Hussaini Group, the new boutique will showcase a wide selection of the Maison’s core writing instruments, jewellery, timepieces and leather collections. Providing the perfect inspiration for discerning shoppers and gift givers alike, the boutique’s latest highlights include the recently launched UNICEF Collection in support of child literacy and education programs around the world. Each piece in the collection is designed with a hint of blue sapphire and alphabet-inspired motifs from six ......read more

Paris Gallery Opens in Al Hamra Mall, Riyadh, A signature shopping experience

Paris Gallery, the leading luxury retailer in the region, opened its new opulent store in Al Hamra Mall. The opening ceremony was held under the patronage and presence of Mr. Yaqoub Al Sharif Al Hashemi, Sara Group Executive Director and other chief guests including senior officials and diplomats led by His Royal Highness Prince Mohammed bin Faisal bin Mohammed bin Abdulaziz Al Saud, French Ambassador François Gouyette, Doctor Rosela Rosi, the deputy Ambassador and the Italian Trade supplement in Al Riyadh, accompanied by the director of public relations at the Italian Embassy, and the Charge Affaires of the UAE Embassy Ahmad Al Tanayji and an elite of businessmen and society. Paris Gallery has been catering to the unique needs of customers in KSA with distinctive merchandise and superior customer service. The launch of the new outlet ......read more

Strategic MoU encourages women into real estate sector in Saudi Arabia

New partnership between JLL and Effat University signed in Jeddah  MoU showcases real estate sector as career option for women in the Kingdom Jeddah, Kingdom of Saudi Arabia – May 31 2017:  JLL, the world's leading real estate investment and advisory firm, and Effat University, a private non-profit institution of higher education for women in Saudi Arabia, have signed a Memorandum of Understanding (MoU) that encourages students into the real estate sector. The MoU was signed in Jeddah between Jamil Ghaznawi, National Director and Country Head of JLL KSA, and Dr. Haifa Jamal AlLail, President of Effat University. The MoU is a collaboration that aims to increase the participation of students in real estate through internships at JLL’s offices in KSA. As part of the agreement, JLL will also deliver ......read more

Middle East Council Of Shopping Centres hosts RECon Forum – Jeddah 2017

RECon Forum Jeddah will be held at the Hilton Hotel Jeddah, 7th & 8th May 2017 Saudi Arabia, May 3, 2017 – The Middle East Council of Shopping Centres (MECSC) hosts the first RECon Forum Jeddah on 7th& 8th of May at the Hilton Hotel, Jeddah Saudi Arabia. RECon Forum Jeddah is themed “Retail of the Future – Saudi Vision 2013”; the event is under the patronage of HRH Prince Mishaal bin Majed Al Saud, The Governor of Jeddah and in association with Jeddah Chamber, Jeddah Tourism Development Council and Saudi Commission for Tourism & National Heritage. David Macadam, CEO, MECSC says, “This year we are pleased to offer the very first Recon Forum Jeddah; aiming to highlight expert industry speakers & influencers from the GCC and the Saudi region in a large platform. We have enjoyed ......read more

Mövenpick Hotels & Resorts' Pakistan Presence Blooms as Firm Signs New Property in the ‘City of Gardens'

Hospitality firm secures its third project in the country in just two years as agreement to manage Mövenpick Hotel & Apartments Lahore is finalised Dubai, United Arab Emirates, 19 April 2017 – Mövenpick Hotels & Resorts has expanded its footprint in Pakistan after finalising an agreement to operate its third property in the country. The Swiss hospitality firm has signed a deal with the Orient Group of Companies to manage the 310-key Mövenpick Hotel & Apartments Lahore, part of a new mixed-used development the government has earmarked as the city’s new commercial hub. Set to be one of the tallest buildings in Pakistan when it opens in 2021, the property will be the focal point of the high-profile Finance and Trade Centre project in Johar Town, an up-and-coming district earmarked for significant ......read more

Asteco signs first master franchise in Saudi Arabia

Saudi Arabia based Ma’ather for Real Estate Management LLC invests in Asteco’s proven franchise brand, the first in the country  Dubai, April 19, 2017:  Asteco, the Middle East’s largest independent full-service real estate company, has added its first franchise in Saudi Arabia to its growing integrated network, taking the tally of franchises to 15 in the GCC. Following the signing of the agreement with Asteco’s licensing division, Ma’ather for Real Estate Management LLC, the main real estate division of the Rabiah & Nasser Group (RANCO), a leader in the Saudi construction, industrial and real estate industry, will now operate under the Asteco brand. The signing ceremony, which took place yesterday at Cityscape Abu Dhabi, was attended by Asteco Managing Director, John Stevens; Asteco ......read more

Sloanes Real Estate Brokers launch Sample Floors at Bayat Plaza

Twin Towers represent quality and modernity in the heart of the city Jeddah: Sloanes Real Estate Brokers, a subsidiary of the SABBAN Group of Companies, has announced the completion of Bayat Plaza’s sample floor, and will soon be transforming the skyline of central Jeddah with its luxurious residential development and contemporary landmark. Strategically located in the business hub of the city, Bayat Plaza will provide a unique concept in the heart of Jeddah, combining residential, retail and leisure amenities all at one location on Madina Road.  Bayat Plaza is built up over 32 stories and serviced by over 2,600 square meters of retail space on the ground and first floor. Bayat Plaza is by far the tallest development in the area and can be seen for miles on approach from any direction. Its illuminated glass crowns at the ......read more

Thousands join in Doha Festival City's opening day celebrations

As the Mall opens its doors with a celebratory bang, the Mall promises even more entertainment and surprises are yet to come!  Doha, 6th April 2017: Doha Festival City, the largest entertainment, retail and hospitality destination in Qatar, managed and operated by Al-Futtaim, opened its doors to the public yesterday, 5th April 2017. Thousands of visitors flocked to the new Mall from 10am to be amongst the first to shop, dine and be entertained. With something for everyone, visitors enjoyed the country’s biggest Marks & Spencer, the market’s first West Elm, the much anticipated Muji and the new flagship stores from H&M and Centerpoint. Over the next few weeks visitors will also be able to enjoy brands including the first VOX Cinemas in Qatar and the world’s largest Monoprix Hypermarket amongst many ......read more

Stone Leaders Turkey target Saudi's “Enormous Potential” to match export ambitions

Pictured: Quarry owners from Turkey – renowned internationally for their vast supply of exceptional natural stone and marble (left) – will touch down in the Kingdom today ahead of the first Stone & Surface Saudi Arabia trade show, starting in Jeddah (middle) tomorrow evening. Stefano Iannacone (right) of Dubai-based Mapei Construction Chemicals LLC described the Saudi market as having “enormous potential” Saudi Arabia, April 1, 2017:  Suppliers of the world’s most sought-after stone have targeted the booming Saudi construction industry as a major market for expansion in the next six years. Quarry owners from Turkey – renowned internationally for their vast supply of exceptional natural stone and marble – have touched down in the Kingdom ahead of the first Stone & Surface Saudi ......read more

Hilton Expands Hotel Portfolio in Saudi Arabia

Hilton Makkah Convention Hotel Opens, Bringing Largest Convention Centre to the Heart of the Holy City  MAKKAH, Saudi Arabia, 2 April 2017 – Hilton (NYSE: HLT) today opens the doors of Hilton Makkah Convention Hotel. With majestic views overlooking the Sacred Mosque, Al Masjid al Haram, and the city’s largest ballroom and convention centre, Hilton proudly welcomes Hilton Makkah Convention Hotel to its growing Middle Eastern portfolio.  “The opening of Hilton Makkah Convention Hotel marks Hilton’s 12th hotel in Saudi Arabia,” said Andreas Lackner, regional head, brand management, Hilton. “With more than 30 hotels under development, Saudi Arabia features our largest development pipeline in the Middle East and we look forward to extending our renowned hospitality across the ......read more

Cayan Group Announces New Strategic Project in Jeddah at MIPIM

Nikken Sekkei appointed architect for SAR 1.2billion project at Obhur waterfront Jeddah, 15thMarch, 2017—Cayan Group, the leading Saudi property developer in the Middle East, today announced plans for a new mega project at the Obhur waterfront in Jeddah. Attending the world’s leading property market, MIPIM in Cannes, France, Cayan Group outlined some details of the planned project, and signed the architectural contract with Nikken Sekkei, the leading architectural firm which was also presented Cayan’s Cantara project in Dubai, UAE. Cayan’s new project will sprawl across a built-up area of 140,000 sqm at a cost of SAR 1.2billion and will consist of two towers: one a 5-star hotel and the other branded residences offering high-end living. This is another foray for Cayan Group into the hospitality sector in the ......read more

IKEA Spreads Cheer on International Day of Happiness

Nearly AED 20,000 of goodies were hand-gifted to customers in Dubai and Abu Dhabi Dubai, 20th March, 2017:  Swedish home furnishing retailer, IKEA - part of Al-Futtaim – marked International Day of Happiness this morning with a series of ‘Happiness Drops’ at Dubai Festival City as well as in-store at both its Dubai and Abu Dhabi locations.  Throughout the day IKEA chose shoppers at random and surprised them with nearly AED 20,000 of gifts to brighten their day. The activity was in recognition of the globally recognised day, designed by Action for Happiness that promotes wellbeing and progress through spreading happiness and was also in line with the Dubai Government’s drive to ensure a happy society for all its citizens.   According to new research*, practical gifts make people happier, so ......read more

The first Saudi Arabian woman to become a General Manager in Hospitality - Rezidor appoints Maram Kokandi as its General Manager in Jeddah

Dubai, UAE, March 16, 2017:  The Rezidor Hotel Group, one of the most dynamic hotel companies in the world, is proud to mark a new milestone in its history by appointing its first Saudi female General Manager in the company and the hospitality industry. Miss Maram Kokandi will be the General Manager of a new Park Inn by Radisson hotel in Jeddah, Saudi Arabia, scheduled to open later this year. The appointment complements the Saudi Vision 2030 launched last year, which emphasizes the significance of Saudi women and their role in leading the development of both social and professional growth of the Kingdom. Wolfgang M. Neumann, President & CEO of The Rezidor Hotel Group said “We are very proud to be part of this historic appointment. We are committed to empowering our women in leadership at Rezidor, and this announcement ......read more

Middle East Council of Shopping Centres' Next Generation Networking Reception in Riyadh

MECSC’s Next Generation Events – connecting retail professionals across Middle East Dubai, 9th March 2017 – The Middle East Council of Shopping Centres and the International Council of Shopping Centres host the Next Generation Networking reception in Riyadh, on Wednesday March 15th at Ritz Carlton Hotel in Riyadh, Saudi Arabia. David Macadam, CEO, MECSC says “Saudi Arabia has been progressively developing its shopping malls and retail industry; including hosting Recon Jeddah Forum this May. We are excited to host the Next Gen in Riyadh on 15th March and offer a unique platform for professionals to network and develop their business.” The Middle East Council of Shopping Centres emphasizes on educating and offering a successful Networking platform to its members and therefore MECSC has progressively ......read more

Leading manufacturer Danfoss announces office opening in Saudi Arabia

Jeddah: Danfoss – a leading manufacturer of high-efficiency electronic and mechanical components and controls for air-conditioning, heating, refrigeration, industrial, and water systems – has announced the launch of its first technical support office in the Kingdom of Saudi Arabia. Revealed at an event held at Sofitel Cornice Hotel in Jeddah yesterday, Danfoss senior executives from Dubai welcomed Mr. Mazen Batterjee, Vice Chairman, Jeddah Chamber of commerce, and Mr. Mutlaq Al- Tayyari, General Manager, SASO Makkah Al-Mukarramah Branch, as well as Mr. Ole Frijis-Madsen, the Ambassador of Denmark to Saudi Arabia. Serving clients in KSA for over 50 years through distributers and agents, Danfoss is now expanding its presence in the region through investing in an office that will provide technical support on the ground and ......read more

Saudi's AFIFI Industrial Group to extend its participation at Dubai WoodShow 2017

The company will unveil its specialized facility that produces various interior decoration materials for the furniture applications  Dubai, UAE, 6 March 2017:  According to a new market report published by Credence Research Furniture Market – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023, the furniture market has been estimated to be valued at US$ 137.5 billion by the end of 2016, and is expected to reach US$ 186.5 billion by 2023, expanding at a CAGR of 4.5% from 2016 to 2023. With the global furniture market experiencing a high, the Middle East wood furniture industry, particularly Saudi Arabia is witnessing a vibrant growth as well. The growing number of real estate development, increasing demand for residential property and the governmental initiatives to develop socio-economic ......read more

Al-Futtaim Launches Second Mixed Use Development in the UAE

New lifestyle focused mall for southern Dubai to be anchored by IKEA and ACE.  Dubai, UAE, 06 March 2017:  Al-Futtaim, one of the most progressive business houses in the Gulf region, has broken ground on the development of a 78,500 sq. metre site, which forms part of the Jebel Ali Development (JAD) mixed use master planned community.   Al-Futtaim plans to expand its retail offering through the development of the new mall, located in Jebel Ali, the southern part of Dubai along the main Abu Dhabi – Dubai Highway. The project will be a mixed use development that combines living, working and entertainment with popular retail brands.  In the first phase of its development, which also includes a strategic partnership with wasl properties, a subsidiary of wasl Asset Management Group, the new retail offer is ......read more

Other Top Stories from Real Estate and Retail
 
Cladtech International awarded contract to manufacture and install facades for Jeddah's 'Sail ...…

UAE, December 3, 2017 – Al Rajhi Building Solutions Group, announced that Cladtech International LLC (CTI), a civil engineering and construction company, awarded a contract from Al Saad General Contracting Company for the manufacture and installation of curtain wall facades for ‘Sail Tower’ megaproject in Jeddah, Kingdom of Saudi Arabia (KSA). The Tower covers the construction ......read more

Swiss-Belhotel International Continues Expansion In Saudi Arabia…

Continuing its expansion in Saudi Arabia, Swiss-Belhotel International (SBI) has signed Swiss-Belhotel and Suites Jazan. The announcement was made by Mr Laurent A. Voivenel, Senior Vice President, Operations and Development for the Middle East, Africa and India, Swiss-Belhotel International. Featuring 210 keys, the upscale 4-star property is owned by Cardamom International Property Management LLC ......read more

MENA Hotels Expands with Dubai Debut Opening MENA Plaza Albarsha Dubai…

Saudi-based hospitality and entertainment group Al Hokair has announced the expansion of MENA Hotels in the UAE with the opening of MENA Plaza Albarsha Dubai. The official ceremony was held last evening in the presence of Mr Majed Al Hokair, Vice Chairman of the Board of Al Hokair Group. Founded in 2008 by Al Hokair Group, MENA Hotels currently boasts a portfolio of eight projects including five ......read more

Future Drainage and Stormwater Networks KSA Seminar successfully launched with the support of the ...…

Riyadh, April 18, 2017– Supported by the Saudi Irrigation and Drainage Authority, Advanced Conferences & Meetings has proudly launched Future Drainage and Stormwater Networks KSA Seminar, at The Rosh Rayhaan Hotel, Riyadh. This event addressed updates, strategies and technologies for optimising stormwater, drainage and sewage projects across Saudi Arabia. This event brought together ......read more

Lucrative Returns on Investments Attracts Saudi Investors to the International Property Show in ...…

Saudi Arabian investors occupy second position among the non-local real estate investors in Dubai Dubai, UAE, 2 March 2017:  A report issued by Dubai Land Department (DLD) stated that 3,294 Saudi Arabian investors made transactions worth AED 8 billion in the real estate market in Dubai in 2016. The statistics demonstrate an annual growth in the real estate investment in Dubai by GCC ......read more

New initiatives to support KSA's real estate sector in face of macro-economic challenges…

JLL’s 2016 review of the market highlights the major economic factors affecting the office, residential, retail and hotel sectors in the Kingdom’s three largest real estate markets of Riyadh, Jeddah and the DMA  Riyadh/Jeddah, KSA, January 12, 2017:  2016 saw the release of the Saudi Vision 2030 and National Transformation Program (NTP), both major initiatives in response ......read more

The Saudi TASNEE is Platinum Sponsor of ArabPlast 2017 in Dubai…

KSA’s petrochemical sector is largest non-oil sector, with investment estimated at USD 63.5–150 billion expected in 2020 alone, according to the Saudi Arabia industrial overview report published by Jeddah Chamber Dubai, UAE, Riyad, Saudi Arabia, 22 December 2016: Tasnee, the leading industrial company in Saudi Arabia, is the platinum sponsor of ArabPlast Show to be held from 8th to ......read more

New aswaaq Mart Open in Hatta…

Supporting new directive from His Highness Sheikh Mohammad Bin Rashid Al Maktoum which aims to enhance Hatta’s economic and social capabilities Developing a 60,000sqft community mall, which will be ready 2018. Dubai, UAE, December 18, 2016:   aswaaq has announced the launch of a new aswaaq Mart in Hatta. The store is part of the new ‘Marts’ concept from the ......read more

Unlimited demand for growth of Makkah's hotel sector – says JLL in first report on the city's real ...…

‘Makkah, A City within a City’ report follows collaboration with Makkah Chamber of Commerce & Industry to support  greater real estate market transparency in Saudi Arabia  KSA, Makkah, 06, December 2016:  JLL, the world's leading real estate investment and advisory firm, today released its first report on ‘Makkah, A City within a City’ which ......read more

Centrepoint Extends Its Offering With the Launch of Eyeworks…

Dubai, 5th December, 2016:  Centrepoint, the region’s largest fashion retailer, is renowned for the breadth of its fashion and cosmetics product range. The popular retailer caters to the mid-market segment across the Middle East and houses homegrown concepts, Babyshop, Splash, Shoe Mart and Lifestyle, under its umbrella. Centrepoint has now announced the introduction of a sunglass ......read more

SOUQ.com Announces the Best Deals for WHITE FRIDAY 2016…

The Biggest Online Sale in the Middle East begins tomorrow: 23rd to 26th November Dubai, UAE, November 22, 2016:   The most awaited White Friday 2016, the biggest online sale in the Middle East by SOUQ.com starts tomorrow across the GCC and Egypt. SOUQ.com, the largest online and marketplace retailer in the region is offering incredible White Friday deals that will go live from the   ......read more

Marka Announces Q3 2016 Financial Results…

Strong performance resulting in positive EBITDA of AED 4.2 million Marka operates a total of 53 outlets across all divisions Dubai, United Arab Emirates – 16 November 2016:  Marka PJSC (DFM: MARKA), the first retail-focused listed company in the UAE, today released its interim financial results for the third quarter of 2016. For the three months ending 30 September 2016, ......read more

Middle East braces itself for the biggest White Friday 2016 on SOUQ.com…

As the region’s avid online shoppers get set for another record-breaking 4-day shopping festival, SOUQ.com ensures a seamless and exciting shopping experience for customers 25K exclusive new deals to be launched on the website and mobile app SOUQ.com gears up for 20 million visits during White Friday   With the introduction of new Fashion, FMCG and lifestyle categories, 50% ......read more

Saudi property investors targeted by world-class residential golf community developer in Dubai…

Top executives from the UAE Government owned developer visited the Kingdom as part of sales drive to boost Saudi investment  Jumeirah Golf Estates seeks to engage with Saudi lenders and real estate agencies to showcase lucrative investment opportunities on offer to local buyers Jeddah, KSA, 6 November 2016:  Jumeirah Golf Estates – one of the Middle East’s most ......read more

Crystal Lagoons to debut in multi-billion dollar Saudi real estate developments…

Patented man-made crystal clear lagoons prove to be a key driver for successful real estate developments adding value to its tourism proposition Cutting edge technology uses up to 30 times less water than a golf course and half of the water required to irrigate a park   Innovative additive reduces evaporation rates by up to 70% Dubai, UAE, October 31, 2016:  Crystal Lagoons, ......read more

More and more JBR visitors are connecting via WiFi UAE…

3,296 visitors to the beachfront promenade browsing the Internet and connecting on social media with WiFi UAE in the month of August Dubai, UAE, October 18, 2016:   WiFi UAE now offers visitors to JBR access to seamless connectivity to the Internet through the choice of either free or premium WiFi. Expanding its footprint to enhance happiness through connectivity, WiFi UAE has seen ......read more

Business Bay landscape to be redefined with opening of Marasi Business Bay Promenade…

AED1 billion project paves the way for Business Bay transformation, unveiling an entire new waterfront destination with the launch of Marasi Business Bay Promenade   Dubai, UAE, October 16, 2016:    Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager known for renowned destinations across the Emirate, has announced that the iconic Marasi ......read more

ARTAR to showcase the shape of things to come in Gulf Property at Cityscape Jeddah…

Prominent Saudi developer says luxury residential tower in Downtown Dubai points the way ahead to satisfy demands of investors, end users Jeddah, Saudi Arabia, 16 October 2016:  One of Saudi Arabia’s most prominent real estate development companies says the new UAE venture it will be showcasing at Cityscape Jeddah next month is the shape of things to come for property investors in ......read more

Mövenpick Hotels & Resorts Partners with Real Estate Developer Nusasiri Plc to Launch Three ...…

Dubai, UAE, October 16, 2016:  The Swiss hotel management company, Mövenpick Hotels & Resorts, has signed an agreement with leading real estate developer Nusasiri Plc to manage three properties in Thailand. The three properties will be Mövenpick Residences Ekkamai, Bangkok and Mövenpick Resort Khao Yai, both scheduled to open in Q4 2016, and Mövenpick Resort Mai ......read more

GE ushers in next era of advanced manufacturing in Saudi Arabia…

GEMTEC in Dammam now the region’s first ‘Brilliant Factory’ Expands GEMTEC facility to 26,000 sq m to manufacture ‘Made in Saudi’ HA and F gas turbines Creates 150 new high quality jobs for Saudi nationals  Delivers GEMTEC’s first 7F turbine to SEC’s Waad Al Shamal combined-cycle power plant Dammam, Saudi Arabia, October 16, 2016: ......read more

Air Purifiers Market: Brand Value & Purification Capacity Key Factors for Consumers in GCC…

Although considered as a luxury, demand for air purifiers is steadily growing in the Gulf Cooperation Council (GCC) and is estimated to reach US$ 85.2 Mn by 2020. According to majority of air purifier manufacturers and distributors/retailers around the world, the HEPA technology will expand at an annual growth rate of 5%-10% between 2015 and 2020. The brand value and purification capacity is ......read more

Dubai Properties' Casa Dora at Serena records phenomenal response amidst flourishing affordable ...…

Attractive pricing plans for mid-income housing projects lead to high demand for Casa Dora at Serena in DUBAILAND  Dubai, UAE, September 8, 2016:    Highlighting the increasing demand for affordable housing targeting the mid-income segment, Dubai Properties (DP), a leading real estate master developer and asset manager in the Emirate, announced that the release of the ......read more

Dubai Properties' Virtual Reality tour of master-planned destinations becomes a firm favourite for ...…

DP integrates innovative viewing technologies at Middle East real estate exhibition  Dubai, United Arab Emirates, 7th September 2016: Virtual Reality tour of master-planned destinations by Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager known for world-class destinations across the Emirate, is proving a firm favourite for visitors at Cityscape ......read more

First phase of Dubai Properties' Marasi Business Bay on schedule to be delivered in Q4 2017…

With water-homes under construction, Marasi Business Bay is set to provide a unique living proposition for Dubai Dubai, UAE, September 5, 2016:    Dubai Properties Group (DPG), one of the largest fully integrated community development businesses in Dubai, known for renowned destinations across the Emirate, has announced that the iconic Marasi Business Bay development is on schedule ......read more

Launch of Casa Dora at Serena in DUBAILAND to enhance market dynamics for affordable housing in ...…

Following success of the first release of townhouses in Bella Casa at Serena, real estate master developer Dubai Properties announces pre-sale online registration for launch of additional units soon Dubai, United Arab Emirates, 28 August 2016 – Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager has announced townhouses in the ......read more

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