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Dubai retained its position as the second most important international shopping destination globally for the fourth consecutive year, closely behind London, which also retained its number one position, according to the 2015 edition of "How Global is the Business of Retail?" by leading global property advisor CBRE.Read
The UAE is the most competitive market in the Middle East and amongst the top 10 globally. ''This did not happen by accident. Building on our heritage, our founding fathers charted the path for our nation’s economic progress and prosperity more than 40 years ago. The UAE has always embraced competition and free market principles from our earliest days as a small trading post until today, Sheikh Mohamed said in the foreward of the Emirates Group annual report 2014-2015.Read
Nakheel’s newly-announced Dragon City mixed-use community in Dubai opens for lease on Sunday, 3rd May, with 1.3 million square feet of new retail space up for grabs. Nakheel is adding more than 1,100 new shops, restaurants, cafes and entertainment facilities to the existing Dragon Mart complex, which, with 3,500 outlets, is already the world’s biggest Chinese trading hub outside mainland China.Read
Dubai Financial Market (DFM) announced that the value of shares bought by foreign investors, or non-UAE nationals, from April 26 to 30, 2015, reached AED 2.81 billion, while value of stocks they sold stood at AED 2.87 billion, with net foreign investment on the market reaching AED 61.4 million during the period, as aggregate sell.Read
Despite being the most targeted country within the Middle East region, the UAE undertook seven outbound deals worth US$ 526m in the first quarter, a substantial 80% drop in deal value and a 50% drop in deal count when compared to Q1 2014, according to Mergermarket's Q1 Middle East Trend Report. Qatar overtook the UAE to become the most active outbound investor in Q1 2015, with two deals worth US$ 1.9bn representing 46.4% of the region's overall outbound deal value.Read
Shang Palace at Shangri_la
The acclaimed signature restaurant of the Shangri-La Hotel group, Shang Palace serves guests the best of Cantonese cuisine.
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