GCC heading for hotel supply glut

GCC heading for hotel supply glut

HOFTEL chairman suggests short-term negative impact of low oil could be good for the industry

Luxury market entering new era, says Dubai real estate boss

Social and environmental awareness will drive future luxury projects, claims ENSHAA CEO Raza Jafar

Anantara to open Middle East’s highest five-star resort in Oman this year

The hotel operator will open two luxury resorts in Oman in mid-2016

Dubai’s Nakheel signs agreement with Saudi firm for new Riyadh projects.

Dubai’s Nakheel signs agreement with Saudi firm for new Riyadh projects.

Nakheel will support Saudi Arabian developer Al Akaria to develop mixed-use projects

Damac launches hotel rooms for sale at new Aykon City from Dhs 1m

Damac launches hotel rooms for sale at new Aykon City from Dhs 1m

The project is located on Sheikh Zayed Road close to the Dubai Canal

House of Cards writer in UAE as season 4 arrives

OSN will stream the latest season exclusively until March 18

Emirates may downgrade A380 service to Houston – Tim Clark

The slowdown in the oil industry has led to a drop in demand on the route

Dubai Lynx 2016: Impact BBDO named Agency of the Year

J. Walter Thompson MEA crowned Network of the Year while UM MENA takes the media prize

Riyadh Metro will be completed as scheduled

Government budget cuts had led to speculation the project could be delayed

Etisalat CEO resigns; company posts 6.7% drop in 2015 net profit

Ahmad Julfar has resigned for personal reasons, the telecom operator said

UAE banks announce plans to help troubled SMEs

Announcement follows a rise in the number of loan defaults across the country.

Emirates unveils new business class seat

A larger screen TV and more lighting options are among the additions.

Saudi mobile industry required to employ 100% Saudis in six months

New initiative aims to create jobs for nationals

Qatar Airways’ new business class to feature private cabins

Reports suggest the new offering will offer first-class style private cabins closed with sliding doors

Moody’s says 8 GCC government-related issuers face potential downgrade

Ratings of Etisalat, Mubadala and SABIC have been placed on review

Saudi Aramco to double gas production in next decade

Company plans to increase production to more than 20 billion standard cubic feet

Aldar awards Dhs 318m contract for expansion to Al Ain’s Al Jimi Mall

Works will include two new areas and a refurbishment of the existing mall space

NMC officially opens 75,000sqm super speciality hospital in Abu Dhabi

NMC Royal has a licensed capacity of 250 beds

Dubai could be one of three initial markets for hyperloop travel

Hyperloop involves the use of pressurised tubes to transport people at speeds of up to 1,100kmh

Work underway to triple Dubai’s rail network – official

Projects include extensions to the Dubai Metro and an expansion of the Dubai Tram

ARN radio stations now available on OSN

Arabian Radio Network listeners can now access nine stations through the television after signing agreement with media giant.

UAE purchases 8 drones in deals worth Dhs 1.47bn

Drone deal was one of three announced at UMEX yesterday.

Oil up on Saudi, Russia meeting

Saudi Oger punished for not paying employees ‘for four months’

Saudi Arabia’s labour ministry said to have stopped providing services to the construction giant, including social security

Middle East economic slowdown hits mobile handset sales

Mobile sales grew just 1 per cent in Q4 2015, IDC said.

Qatar Airways’ new Sydney route to generate $178m, 3000 jobs in Australia

The direct route between Doha and Sydney began on March 3

GCC markets will not benefit from taxes like VAT – Mishal Kanoo

The region must hold on to its tax-free advantage, he urges

Over 615,000 people used Abu Dhabi airport’s US pre-clearance facility in 2015

The facility is the first of its kind in the Middle East, Asia and Africa

Alabbar-led consortium values Americana at $4bn

Adeptio announced an initial accord for the company last month

mcdonald's

McDonald’s UAE opens sixth outlet at Dubai Airports in Concourse D

The 310 square-metre store features self-ordering kiosks

Revealed: Top 10 salaries in the UAE

Average wages remained flat in the last year, according to the Gulf Business 2016 Salary Survey.