Qatar, Abu Dhabi bidding for 42 UK Marriott Hotels
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Mon July 9, 2012 10:48 am

INTERNATIONAL. The Qatar Investment Authority and Abu Dhabi Investment Authority are bidding to buy 42 Marriott International Inc. hotels in England, the Sunday Times said, without saying where it obtained the information.

The sale is being administered by Royal Bank of Scotland Group Plc and may yield as much as 700 million pounds (US$1.08 billion), the newspaper said.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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INTERNATIONAL. 40% of consumers report decreased dependence on their bank; Trust in banks lags behind digital-only, FinTechs and other banking services providers.
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UAE. BCG's global report on sustainable economic development progress places the UAE's well-being scores in the top quintile; however, the study shows that the nation's performance in converting wealth and growth into well-being is below par globally.
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UAE. "The study points to how digital technology is reshaping the payment landscape in the UAE and impacting all areas of everyday life".
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