Friday 31 March 2017
 
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development

Mubadala 2016 profit grows twofold to $898m

Mubadala, the Abu Dhabi-based investment and development company, said its net profit for 2016 more than doubled to Dh3.3 billion ($898 million) from Dh1.2 billion ($326 million) the previous year, mainly driven by revenue growth from its divers

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Mubadala 2016 profit grows twofold to $898m

Mubadala, the Abu Dhabi-based investment and development company, said its net profit for 2016 more than doubled to Dh3.3 billion ($898 million) from Dh1.2 billion ($326 million) the previous year, mainly driven by revenue growth from its divers

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$480m development projects under way in Saudi Arabia

The Saudi government is presently working on development projects worth more than SR1.8 billion ($480 million) at Al Leith and Adham in the western region, said a report. The ongoing projects in Al Leith include the construction o

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Al Khobar third top destination for hotel development in Saudi Arabia

Al Khobar has emerged as the third top area for hotel development in Saudi Arabia this year according to a new report, demonstrating the growing market for leisure and business tourism across the kingdom.   With 20 hotel proje

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Polin Waterparks achieves R&D center certification

Polin Waterparks, a Turkish manufacturer of water slides and water parks, was recently certified as a research and development (R&D) center by the Turkish Ministry of Science, Industry and Technology. This certification, in pa

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Private investors sought for Iran's airports development

Iran is looking to revamp its airport system and is seeking private investors to fund the $3-billion facelift, said a report. According to a report in Iran Daily, the government is looking to expand the Mehrabad, Imam Kho

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InterCon appoints new chief development officer, AMEA

InterContinental Hotels Group (IHG) has appointed Rajit Sukumaran to the role of chief development officer in the Asia, Middle East and Africa (AMEA) region.   IHG has an established reputation as a valued partner for successf

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Time Hotels appoints new director of business development

UAE-based hospitality company Time Hotels has appointed Mahmoud Al Zaibak as director of business development. A graduate of the Damascus State University, Syrian national Al Zaibak, has over 17 years’ corporate hospitality

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Two Jordan hotels sign MoU for tourism development

In a move to develop the tourism and economic sectors, two hotels in Jordan -  Al Manara, a Luxury Collection hotel and the Westin Saraya Aqaba Hotel - have signed a Memorandum of Understanding (MoU) with The United States Agency for Intern

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Jazeera focused on growing Kuwaiti aviation talent

Kuwait-based Jazeera Airways has announced the launch of its Graduate Development Programme (GDP), aimed at growing the Kuwaiti talent in the aviation industry.   GDP consists of a six-month training programme across various

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