DUBAI/ GULF TIME Danube Properties, the fastest-growing private real estate developer in the UAE, today announced the development of its largest, highest, and most iconic project, Bayz101, a 101-level megatall tower—its tallest development project to date—that will reinforce Dubai’s position as the City of Skyscrapers, which currently hosts three towers with more than 100 levels, including Burj Khalifa, the world’s ...

BLOOMBERG Retail was Europe’s top-performing sector last year, but already there are signs that gains this year will be much harder fought. Marks & Spencer (M&S) Group Plc, whose shares more than doubled in 2023, slid about 6% as strong growth in holiday sales proved an insufficient catalyst for those banking on further upgrades to guidance. The retailer noted economic ...

  BLOOMBERG The opening of Costco Wholesale Corp’s first store in southern China has drawn massive crowds, with customers queuing for hours as the country’s economic slowdown fuels a budget shopping boom. Tens of thousands of people lined up outside the warehouse club’s latest outlet in Shenzhen, a tech hub neighboring Hong Kong, before its doors opened on January 12, ...