Mondrian Abu Dhabi, the UAE capital's first Mondrian-branded hotel, is now open on Abu Dhabi's waterfront canal with 210 rooms, 80 serviced apartments, and six dining concepts spread across a design-led luxury property. The hotel was designed by Tristan Du Plessis and features a contemporary Middle Eastern aesthetic that blends modern luxury with local cultural influences. The standout feature is the Crystal Lagoon, a unique water concept integrated into the property that creates a distinct Abu Dhabi experience you won't find at other Gulf hotels. Six separate dining venues cater to different tastes and occasions, from casual to fine dining. The serviced apartments add flexibility for extended stays, making it appealing for digital nomads and longer-term luxury visitors. If you're planning a design-forward trip to Abu Dhabi, this waterfront location and architectural approach make it a strong addition to the luxury hotel landscape.

We are delighted to announce the opening of PAUL Le Chariot at ADNOC HQ in Abu Dhabi, UAE. 🙌🙌🙌 A perfect location for our guests to grab & go all kinds of beverages, snacks, healthy meals, or simply to sit and enjoy a yummy treat.

Our second Urban Outfitters store is now open and ready to welcome all our guests at Yas Mall, Abu Dhabi - UAE!

Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), is in early discussions to buy a stake in supermarket chain Lulu Group International, two sources familiar with the matter told Reuters. It is in talks with Indian-born businessman Yusuff Ali, who founded Abu Dhabi-based Lulu, one of the largest chains in the Gulf region, the sources said. Discussions between PIF and Lulu began four to six weeks ago, one of the sources said. It was not immediately clear how big a stake PIF is seeking to buy as discussions are at an early stage, or whether the talks would lead to a final transaction. Lulu operates shopping centres, hypermarkets and other businesses with an annual turnover of $7.4 billion, according to its website. It has operations in Saudi Arabia and other Gulf states as well as in Egypt, India, Indonesia and Malaysia. PIF, which manages $360 billion in assets, declined to comment. Lulu's director of marketing & communications, V. Nandakumar, said in an emailed response that "as a policy we never comment on market speculations and media rumours." Abu Dhabi state-owned holding company ADQ invested $1 billion in Lulu earlier this year, two sources familiar with the talks said. ADQ did not respond to a Reuters request for comment. PIF is seen as a driver of the kingdom's Vision 2030 plan to diversify the economy, with the authorities aiming to turn it into the world's largest sovereign wealth fund. The Saudi government wants to expand the kingdom's retail sector as part of a drive to create one million jobs by 2020. PIF invested $500 million in e-commerce venture Noon, which shortly afterwards began operations in Saudi Arabia. It also invested indirectly in the IPO of Saudi mall operator Arabian Centres . PIF was also approached by Reliance to buy a stake in the retail arm of Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. The fund, whose board is chaired by Saudi Arabia's Crown Prince Mohammed bin Salman, has become a more active investor since 2015, taking a $3.5 billion stake in Uber Technologies and invested $45 billion in Softbank's inaugural technology fund.

An investment firm backed by a member of Abu Dhabi’s royal family agreed to buy a stake worth just over $1 billion in LuLu Group International, which runs one of the Middle East’s largest hypermarket chains, according to people familiar with the matter. The company led by Sheikh Tahnoon Bin Zayed Al Nahyan acquired an almost 20% holding in the Abu Dhabi-based supermarket group founded by Indian entrepreneur Yusuff Ali, the people said, asking not to be identified as the matter is private. It wasn’t immediately clear which company Sheikh Tahnoon is using for the investment or if he was buying the stake in his personal capacity, the people said. What's moving markets Start your day with the 5 Things newsletter. Email Enter your email Bloomberg may send me offers and promotions. Sign Up By submitting my information, I agree to the Privacy Policy and Terms of Service. Sheikh Tahnoon is the chairman of Royal Group, which has holdings in businesses such as media, trade, financing and real estate among others, according to its website. He’s also the chairman of Abu Dhabi Development Holding Co., also known as ADQ, which has assets including Abu Dhabi Securities Exchange, Abu Dhabi Airports Co. and a number of hotel and tourism facilities. Sheikh Tahnoon also chairs the U.A.E.’s biggest lender, First Abu Dhabi Bank PJSC.

Abu Dhabi Airports has awarded two retail unit spaces in the upcoming new Midfield Terminal to Lulu