Dubai-based Majid Al Futtaim (MAF) CEO Alain Bejjani has revealed ambitious expansion plans, which include a $996.26 million investment in Egypt and a further $533.6m in Saudi Arabia. Bejjani told Reuters that the company’s investment, which will be spread over the next two to three years, is set to include $866m on a single mall in Cairo. Fur...

Airbus SE Chief Executive Officer Guillaume Faury said the latest Brexit deal between Britain and European Union should pave the way for the aerospace giant to carry on making plane wings in the U.K. The British division, which employs 14,000 people and supports 110,000 supplier jobs, is “very competitive” and will remain a focus for wing pr...

PillPack, the Internet pharmacy that Amazon acquired in 2018, has updated its logo and other paperwork to include a new “Amazon Pharmacy” brand, and sources say its CEO has been promoted to vice president within Amazon. Specifically, the group’s branding has changed from “PillPack, an Amazon company” to “PillPack by Amazon Pharmacy.�...

Saudi Arabia needs “over 1 million people” to work in the tourism sector if it hopes to achieve its goal of attracting 100 million visitors by 2030, according to Red Sea Development Company CEO John Pagano. Speaking at the Misk Global Forum in Riyadh on Wednesday, Pagano that volume of workers “doesn’t exist” at the moment. In the case...

The Mustang Mach-E is a groundbreaking vehicle for Ford Motorthat marks the beginning of a new-generation of all-electric vehicles and the first time the iconic name has been used on anything but a two-door pony car. Ford is betting the Mustang name will resonate with consumers and assist the company’s first all-electric SUV in standing out in...

The Dubai Government owned master-developer Meraas has struck an alliance with Brookfield Asset Management to jointly own and operate retail destinations in the UAE and elsewhere in the Gulf. Brookfield is one of the biggest names globally in fund management, with inte...

Coffee comes in many forms hot, cold, flavored and decaffeinated. But the idea of coffee without the bean, well that’s something new. It’s called “molecular coffee.” Atomo, a start-up located just blocks from the famous Starbucks in Seattle’s Pike Place Market, said it’s revers...

UAE-based retail giant Majid Al Futtaim on Wednesday launched a new app-based lifestyle rewards programme which allows customers to earn and spend points at 2,300 outlets in its 16 shopping malls and 11 hotels. The SHARE rewards programme is designed to encourage peopl...

A group of Lloyds shareholders have lost a multi-million-pound action against the bank over its purchase of rival HBOS in 2009.The 5,803 former Lloyds TSB shareholders claim they were "mugged" when the bank took over HBOS, which was laden with bad mortgages. Lloyds was forced to accept a £20bn state bailout and the government continued to own a...

Dubai is developing a programme that will allow 10 percent of its homes to be self-sufficient in terms of water, food and energy – mainly with the help of clean solar projects, said a government official. “The achievement of this goal will help change lifestyles and contribute to the preservation of our environment. We aim to create a new ec...