UAE & Qatar To Boost GCC Tourism Sector To $37bn By 2020

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In its GCC Hospitality Industry Report investment bank Alpen Capital forecast the regional market will grow at a compound annual growth rate of 7.6% from $25.6bn in 2015. he bank forecast occupancy rates would grow 3%  yearly, raising the overal figures to a 70% increase with ADR  increasing 1.4% annually. In the short-term the report detailed that More...

by Staff writer | Published 1 year ago
Dubai Airport
By Staff writer On Tuesday, June 21st, 2016
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Passenger Traffic At DXB Exceeds 6.9 Million In April

Dubai International (DXB) welcomed more than 6.9 million passengers in April 2016 according to the monthly traffic report issued by operator Dubai Airports. Passenger numbers reached 6,978,268 in April, up 7.2% More...

KFC
By Staff writer On Monday, June 20th, 2016
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Dubai-Based Investment Group Buys $2.4 Billion Stake In Kuwait’s Americana

Dubai-based investment group, Adeptio, led by Emaar Properties’ chairman Mohamed Alabbar has paid $2.4 billion for a majority stake in Kuwaiti F&B operator Americana, Reuters reported. Kuwait Food Company More...

Warner Bros World Abu Dhabi
By Staff writer On Tuesday, April 19th, 2016
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Yas Island to open Warner Bros. destination in Abu Dhabi

Miral and Warner Bros. officially announced that a Warner Bros. themed destination is set to open in Abu Dhabi. Situated on Yas Island, one of the world’s leading business, leisure and entertainment destinations, More...

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By Staff writer On Wednesday, March 2nd, 2016
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Dubai to build the largest wholesale hub in the world

Vice President and Prime Minister of UAE, H. H. Sheikh Mohammed bin Rashid Al Maktoum, launched Dubai Wholesale City on 1 March 2016, Emirates News Agency reported. The project will be largest wholesale hub in the More...

souq
By Staff writer On Tuesday, March 1st, 2016
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Souq.com raises more than $275 million

Souq.com, the Middle East’s largest online retail and marketplace platform, announced today that it has completed a funding round of more than AED1bn ($275 million), the largest financing of an e-commerce business More...

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By Staff writer On Friday, October 30th, 2015
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UAE ranked Middle East’s most attractive retail market

A recent report from built asset consultancy, Arcadis, has revealed that the UAE’s strong infrastructure and business friendly environment make the country an attractive market for retailers. The report ranked More...

mall of the world
By Staff Writer On Thursday, October 29th, 2015
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“Mall culture” driving brand influence

Shopping malls in the UAE are driving consumer behaviours and influencing brand perceptions according to research conducted by Praxis Research Partners. Consumers in the UAE “show greater willingness to form strong More...

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By Staff Writer On Tuesday, October 6th, 2015
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$9.3bn spent on Visa debit cards during Ramadan and Eid

Consumers and shoppers across the MENA region spent $9.3bn on Visa debit cards during Ramadan and Eid 2015, according to new data from the payment processing network. The report revealed the top five categories More...

Maggi Masala TV ad
By Staff Writer On Thursday, August 13th, 2015
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India seeks $98.6 damages from Nestle over Maggi noodles ban

The Indian government has launched legal action against Nestle, the Swiss manufacturer of Maggi Noodles, following a public health emergency in June when unsafe levels of lead were detected in products. Seeking More...