Travel & Hospitality

FEATURED REPORT...
Posted: 11-07-2011
UAE. Cluttons, the real estate specialist that has enjoyed a dedicated Middle Eastern presence since 1976, today announces its market report for Dubai’s Hospitality sector in Q2 2011. According to the report, Dubai’s hotel sector has benefited from the Emirate’s political stability within the Middle East region, with strong performance in occupancy levels and length of stay. With a total of 8.3 million visitors(1) in 2010, Dubai is still proving to be a popular and an attractive destination among tourists and visitors. Overall hotel occupancy in Q1 2011, peak-season for Dubai, av
Posted: August 8, 2014
INTERNATIONAL. Mr. Hogan will give a keynote address; Mr. Al Baker will take part in a panel discussion on Critical Issues in Air Transport Today whilst Sir Tim Clark will be interviewed one-to-one during the Summit.
Posted: August 7, 2014
INTERNATIONAL. Nigeria and South Africa dominate the infrastructure market; A substantial increase in spending in the basic manufacturing sector is expected in sub-Saharan Africa.
Posted: August 6, 2014
UAE. UAE. Infrastructure project awards across the GCC are forecast to exceed US$ 86 billion in 2014, as rail projects take centre stage.
Posted: August 6, 2014
INTERNATIONAL. "A man who was on board the plane ... has been arrested on suspicion of making a hoax bomb threat," Greater Manchester Police said .
Posted: August 5, 2014
UAE. Second quarter 2014 net profit is US$ 236 million; revenue is US$ 764 million; Malls, retail and hospitality revenues for half-year 2014 are US$721 million, 52% of the total revenue.
Posted: July 25, 2014
INTERNATIONAL. Investigators at the scene of the crash had concluded the airliner broke apart when it hit the ground, suggesting it was unlikely to have been the victim of an attack.
Posted: July 24, 2014
ALGERIA. "I can confirm that it has crashed," an Algerian official said, declining to give any details about what had happened to the aircraft on its way north.
Posted: July 24, 2014
INTERNATIONAL. Malaysia Airlines was a clearly identified commercial jet. And it was shot down-in complete violation of international laws, standards and conventions.
Posted: July 24, 2014
UAE. Overall group revenue up 14% year-on-year to AED 12.8 billion for H1 2014; Successful opening of the Mall of the Emirates Fashion District; Issued its first 10 year US$$500 million bond.
Posted: July 23, 2014
UAE. Colliers' Capital Flows Quarterly Report highlights Middle East investors' appetite for alternative product including hotels and serviced apartments.
Posted: July 21, 2014
UAE. Tim Clark, president of Dubai's Emirates, said domestic regulators worldwide may decide to be more involved in giving their carriers guidance on where it is safe to fly.
Posted: July 17, 2014
UAE. The deals with RSP Architects, Planners and Engineers are worth AED46 million (US$12.5 million); Tenders for the construction of both projects are expected to be released before the end of 2014.
Posted: July 17, 2014
INTERNATIONAL. Order includes purchase rights commitment for 50 additional 777Xs; Airline also announces intent to order four 777 Freighters, options for another four.
Posted: July 16, 2014
UAE. The new GE9X engines will power Emirates' record 150 Boeing 777X aircraft order.
Posted: July 15, 2014
LIBYA. 90% of the planes parked at the airport were destroyed, says spokesman; The government has studied the possibility to bring international forces to enhance security.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 1, 2014
INTERNATIONAL. Oil markets since 2011 have become less price sensitive to actual supply disruptions, especially to those geopolitical events that have taken place since the Arab Spring.
date:Posted: September 1, 2014
JORDAN. The market recorded an increase in profit after tax to JOD 13.7 million in 2013, stemming from improved returns on underwriting and investment activities. Partially assisting this recovery has been the bullish performance of the Amman stock exchange.
date:Posted: September 1, 2014
SAUDI ARABIA. Consumer spending also remained robust; Non-oil exports rebound owing to greater production of petrochemicals and plastics.
JORDAN. The market recorded an increase in profit after tax to JOD 13.7 million in 2013, stemming from improved returns on underwriting and investment activities. Partially assisting this recovery has been the bullish performance of the Amman stock exchange.
INTERNATIONAL. I think one of the big fallacies in people's thinking about the Iraqi oil sector has been the focus on who's making money producing the oil. The bigger impact is on consumers.
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