India’s richest man has bought Hamleys.
Mukesh Ambani paid an undisclosed sum to purchase the famous British toy retailer.
The Indian tycoon’s Reliance Brands Limited announced that it had signed an agreement to buy the company from China's C Banner International.
Hamleys was founded in 1760 and has close to 170 stores around the globe.
Dubai Holding becomes largest shareholder of Emaar Properties
Dubai Holding has acquired a 22.27 per cent equity stake in Emaar Properties from the Investment Corporation of Dubai (ICD), becoming the company's largest shareholder with a total 29.73 per cent stake.
Abu Dhabi gets AED55 billion boost for 24 infrastructure projects
Abu Dhabi has greenlighted 24 infrastructure projects under a new AED55 billion public-private partnership that will see the development of roads, flood control systems and education campuses among others.
Abu Dhabi aims for 80% local materials in housing projects
Abu Dhabi plans to increase the use of locally manufactured building materials in housing developments to as much as 80 per cent under a new agreement between two government entities.
UAE Central Bank support package reaches AED 6.2 billion
The Central Bank of the UAE (CBUAE) has announced the key outcomes of its comprehensive support package designed to strengthen the resilience of financial institutions.
Sunny intervals
High: 37°C | Low: 25°C
Sunny intervals
High: 35°C | Low: 27°C
Sunny intervals
High: 38°C | Low: 24°C
