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
The UAE emirate of Sharjah has approved a total expenditure of Dh20.3 billion ($5.52 billion) in the 2016 general budget.
There has been an increase of 2 per cent in government spending and the budget sees a revenue increase of 8 per ce
US President Barack Obama has proposed a $4.1 trillion spending plan for fiscal year 2017 in a final White House budget that met immediate Republican resistance for its cost and reliance on tax hikes to fund domestic priorities.
Egypt is drafting its 2016-2017 budget on the basis of an exchange rate of EGP8.25 to the dollar compared to EGP7.75 this fiscal year, two government sources said on Monday, indicating the central bank is preparing to devalue.
Kuwait's Finance Ministry said on Thursday that the Gulf oil exporter's 2016-17 draft budget forecasts a deficit of KD12.2 billion ($40.2 billion), nearly 50 percent higher than the previous year, due to falling crude prices.