The tourism industry is witnessing a substantial increase in vacationers who like to explore holiday destinations on a shoestring budget, a leading holiday booking website has revealed.
Demarcating the age group of such travellers
Chototel is bringing a new hospitality segment to the Middle East with eyes on the UAE for the next phase of development of its super-budget hotel brand, said a report.
The London-based technology startup's first project is se
Saudi Arabia has chosen Citigroup, HSBC and JP Morgan to arrange its highly anticipated sovereign bond issue, two sources with knowledge of the matter said on Sunday.
Banks had pitched for roles on the transaction earlier this mon
Eight Asian low-cost carriers including subsidiaries of Japan's ANA Holdings and Singapore Airlines (SIA) have formed a landmark alliance allowing travellers to book flights across their platforms for the first time.
In a stat
InterContinental Hotels Group (IHG) is expecting to record more than 40 per cent growth across the Middle East in the next three to five years, with 25 new hotels in the pipeline.
Currently, the group operates 78 hotels in GCC, Le
Egypt's President Abdel Fattah Al-Sisi has approved the 2016-2017 draft budget, as well as an economic development plan, and sent both to parliament for passage, state news agency Mena said.
The draft budge
Saudi Arabia's construction sector is likely to spend $29.9 billion on development projects in 2016 with similar projections for the next year, according to a report by Faithful+Gould, a leading integrated project and programme management co
Russian state transport agency Rostransnadzor has started checks on budget airlines, TASS news agency reported on Wednesday.
Russian investigators are currently examining the flight recorders from a plane operated by Dubai-based budget
Muscat National Development and Investment Company (Asaas) has announced that the country’s first budget airline will fly under the brand name ‘Salam Air’.
Homage to Oman’s deeply-rooted culture and long-st
Indian Finance Minister Arun Jaitley unveiled a budget for the poor on Monday, announcing new rural aid and health programmes in a strategy shift that could boost his ruling party in coming state elections.
Presenting his third bu