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HuaweiAmericana, as the company is known and which owns the Middle East franchises for popular fast food chains KFC and Pizza Hut as well as producing a range of branded consumer foods for markets throughout the region, has a total market value of around $2.52 billion, according to Thomson Reuters data.
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The long-term investment for the new headquarters will serve as a platform to drive the UAE's digitisation agenda and build upon Dubai's knowledge economy, as well as support the emirate's vision to become an innovation-led economy and a smart city.
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Dubai offices will also be closed
The British bank has been reviewing its business globally after the appointment of Jes Staley as chief executive in December.
The global survey of more than 3,700 IT security practitioners from more than a dozen major industry sectors, found that 54 per cent of those surveyed said that their companies had a data breach involving payment data an average of four times in past two years.
Apple, tracked by 49 analysts, would be valued at $748.5 billion, at the current median price target of $135.
The retail brand will launch nine new stores this year - five of which have opened and four are scheduled to open in the next two months, Prakash Bhojwani, president and chief executive officer, Time Machine Group, told Khaleej Times.
The company's fourth-quarter net profit totalled Dh121 million, down 15 per cent from the net profit of Dh142.1 million in the same period in 2014.
The company's earnings per share increased by 19 per cent to Dh0.11 largely as a result of the successful completion of the buyback of the mandatory convertible bonds.