Iconic British toy store Hamley's has been sold to a Hong Kong fashion retailer for around 100 million pounds (AED568 million), according to a source close to the deal. Footwear company C.banner is expected to shortly announce that it has bought the 255-year-old store, known as the oldest toy shop in the world, Reuters quoted the source as saying. The deal comes as Chinese President Xi Jinping is in the United Kingdom for a high profile visit.
UAE national becomes first Emirati selected for senior IMF role
UAE's Ali Alhosani has been elected Executive Director at the International Monetary Fund (IMF), becoming the first Emirati to hold this senior international position.
H.H. Sheikh Hamdan witnesses launch of Dubai's Global Future Opportunities centre
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has witnessed the signing of an agreement to establish the Centre for Global Future Opportunities in Dubai during the Annual Meeting of Global Future Leaders.
Emaar sustains collection rate at 98 per cent during regional tension
Founder and Managing Director of Emaar Properties, Mohamed Alabbar revealed that Emaar has sustained its collection rate of 98 per cent, with its sales backlog standing at around AED 180 billion.
Sheikh Abdullah and India’s Jaishankar discuss strengthening ties
Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has met India’s Minister of External Affairs, Dr Subrahmanyam Jaishankar, in Abu Dhabi.
New mixed-use development planned for DIFC, due within two years
Dubai developer H&H has revealed details of the Water Gardens, a new mixed-use destination in the Dubai International Financial Centre (DIFC), with the first phase due to be completed in 18 months.
