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Yum! Brands' Taco Bell, Americana Restaurants Partner for UAE Expansion

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Yum! Brands (YUM) Taco Bell signed a development agreement with restaurant operator Americana Restaurants to open restaurants in the United Arab Emirates, Americana Restaurants said Friday.

The agreement covers an initial launch in the United Arab Emirates before expanding into other Gulf Cooperation Council markets through a phased rollout.

Americana Restaurants already operates KFC and Pizza Hut locations across the region under its existing relationship with Yum! Brands, Americana Restaurants said.

Shares of Yum! Brands were up 1.6% in Friday trading.

Price: $153.21, Change: $+2.46, Percent Change: +1.63%

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