Today’s announcement that Hilton will assume management control of the architecturally striking hotel puts recent weeks of speculation to rest.
A joint venture between Arabtec and Terna won a contract to build a 105-bed hospital in Riyadh.
The Dhs400 million tower includes 220 serviced living units in Dubai’s Burj area.
UAE’s Etisalat has reportedly offered a higher price than rival Qatari bidder Ooredoo for Vivendi’s 53 per cent stake in Maroc Telecom.
Emirates’ passengers connecting in Australia will most likely board the new-look aircraft
The loan has been marketed since mid-March, with $1.6 billion of the $2 billion target already pledged by the eight arranging banks.
The virus, which can cause coughing, fever and pneumonia, emerged in Saudi Arabia last year and has been found in 33 people there, killing 17.
Qatar last month proposed that the organization leave Montreal due to its cold winters and distance from Europe and Asia.
The developer of shopping malls will go on a roadshow to raise money from institutional investors for the purchase of a minority share in Carrefour.
The word ‘resort’ is used all too frequently in today’s hospitality scene, but Le Royal Méridien is the perfect example of what the term should stand for; a place you should never have to leave.
Riyadh plans to install 41,000 megawatts (MW) of solar power over the next 20 years.
Mona Tavassoli, founder of MomSouq, tells Alicia Buller why babies are good for business.
Impressive figures from BMW, Audi, Volkswagen and Rolls-Royce indicate the region’s economy is purring along nicely.
Godolphin trainer Mahmood al-Zarooni was banned for eight years by the British Horseracing Authority after 11 horses tested positive for anabolic steroids in April.
The merger between Al Salam Bank and BMI Bank will create a lender with assets of around BD1.7 billion.
The Canadian visa waiver announced earlier this year has still not come into effect, confirmed embassies.
The service will be operated in conjunction with Etihad following the signing of a reciprocal codeshare agreement in February.
Arabtec had said in March that the fundraising was part of a five-year expansion plan.
The new aircraft will be deployed on flights to Amsterdam, Amman, Cairo, Colombo and Chennai
QPI will contribute specifically to the French company’s Moho North oil project.
Qatar Holding, along with Azerbaijan’s SOFAZ and Norges Bank Investment Management, invested $479-639 million each in VTB.
Majid Al Futtaim Hypermarkets operates 50 hypermarkets and 44 supermarkets under the Carrefour name.
The new structure for Dubai’s government is to be implemented in two years’ time and will be “the Government of the future”.
Ministers in the region are deliberating a 100 per cent increase in duty on tobacco products.
Additional three services a week from June 30 will be operated by B777-300ER aircraft.
The order, which will bring Oman Air’s A330 fleet to a total of 10 aircraft, is thought to be worth around $720 million.
The U.S. Secretary of State met Oman’s defence minister in the Sultanate on Wednesday to oversee the $2.1 billion deal.
Early price talk for the 10-year deal, which is not redeemable for five years, was released at 230 basis points over five-year midswaps.
Thousands of workers stayed away from work from Saturday to demand higher wages.
Sheikh Mansour-owned City will be the majority partner in New York City Football Club along with the biggest name in baseball, the Yankees.