Leading hospitality company Hyatt said its continues to spotlight the burgeoning Gulf Cooperative Council (GCC) market with new hotels across several of its brands, with atleast nine new hotels expected open across the region by 2017.
Elegant Resorts, a specialist luxury tour operator from Chester, UK, is set to launch in the GCC market later this month.
It also plans to open an office in Dubai later this year, said a statement.
Al Tayyar Travel
Low crude production costs and fiscal breakeven prices will support the GCC in a period of low oil prices increasing the pressure to diversify away from the hydrocarbon sector, a report said.
Because of the region’s accumula
Economic diversification is a crucial growth driver for the GCC countries.
The GCC could see additional gains of up to $17.7 billion if the region were to catch up to the average OECD level of diversification, said a report in the
The outlook for most of the rich Gulf Arab economies has dimmed for this year and next as oil prices have remained relatively low, according to a Reuters poll published on Wednesday that showed economists cutting their forecasts.
Bahrain plans to invest a total of $10 billion on a railway line connecting to the GCC rail network and a second causeway linking the country with Saudi Arabia, it has emerged.
A feasibility study being conducted by Canadian engin
Food consumption in the GCC, backed by encouraging macroeconomic drivers, is expected to grow at a 3.5 per cent CAGR between 2014 and 2019 to reach 51.9 million metric tonnes (MT), a report said.
Cereals are likely to remain the m
A group of Gulf investors have joined hands with local firms to buy the largest cement maker in eastern Libya, betting on a construction boom once fighting abates in the North African country, one of the investors said.
The GCC consulting market grew by more than 15 per cent to $2.5 billion in 2014. This means the market has expanded by more than $1 billion in just three years, an amount that is roughly equivalent to that of the entire consulting markets of mat
The GCC countries are increasingly using stone and other environment-friendly raw materials to comply with green building codes and sustainable development plans, helping to drive the market for marble, stone and ceramics up from $5.1 billion in