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Ajman City Centre sales up 28%
Ajman City Centre in the UAE welcomed over nine million visitors in 2007, an 11% increase over 2006, according to a statement. Sales at the centre touched Dhs632m ($172m), a 28% increase compared to the previous year.
United Arab Emirates: Thursday, May 08 - 2008 at 08:03

UAE may impose VAT in 2009
The UAE is likely to introduce a value added tax in early 2009 to replace the exisiting customs duty, a senior Dubai Customs official said on Tuesday. The tax rate will be between three and five%, and initially it will generate about the same amount as collected in customs. The UAE has spent two years studying the VAT, and the infrastructure to levy it will be ready by the last quarter of 2008, reported Gulf News.
United Arab Emirates: Wednesday, May 07 - 2008 at 10:05

IDdesign signs 4th store in Dubai
IDdesign has signed its fourth store in Dubai, which will be situated at the Dubai Design Center. The store is set to open in December 2009, and is being considered as the anchor store with a total area of about 3500 square metres. The business will be operated by the local partner Easa Saleh Al Gurg Group.
United Arab Emirates: Wednesday, May 07 - 2008 at 09:23

Al Ain Zoo to get facelift
Al Ain zoo is to receive a mutli-billion dollar facelift to be rebranded as Al Ain Wildlife Park and Resort. The destination will be spread over 900 hectares and recreate desert environments from around the world. Phase 1 will be completed by 2010, with the main zoo ready by 2011.
United Arab Emirates: Tuesday, May 06 - 2008 at 09:59

1836 Sprungli choc opens in Dubai
Confiserie Sprungli, a 170-year old Swiss chocolatier has opened an office in Dubai to cater to growing demand in the Middle East. The company adheres to a tradition of artisan-produced chocolates and cakes and joined with international courier services so that their products can be delivered from Switzerland to any destination globally within 48 hours.
United Arab Emirates: Monday, May 05 - 2008 at 09:26

Savola expands in Egypt
Savola group has announced that it plans to up its sugar refining capacity in Egypt by over 50% over a two-year period. The Saudi Arabian company will invest $150m on a new refinery that will produce over 200,000 tonnes per year while also expanding capacity at its existing plant to 950,000 tonnes per year.
Egypt: Sunday, May 04 - 2008 at 08:33

Christie's Dubai sells $20m
Christie’s third auction in Dubai realised a total of $20m. The auction sold 68% by lot and 78% by value. Christie's noted 48% of buyers were from the Middle East and 33% from Europe, including the UK.
United Arab Emirates: Saturday, May 03 - 2008 at 10:19

Iranian sculpture breaks record at auction
Iranian Parviz Tanavoli's 'The Wall' was sold for $2.84m at a Dubai art sale, setting an auction record for a Middle Eastern artist. London-based Christie's said it sold more than $20m of art in the auction, its fourth in the city. Six works by Iranian artists were among the seven priciest lots sold.
United Arab Emirates: Thursday, May 01 - 2008 at 13:47

Index : Retail and Leisure