Saturday 13 February 2016
 
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growth

Rapid growth predicted for Qatar hotels sector

The total number of hotel and apartment rooms in Qatar is expected to reach 23,000 by the end of this year, according to a report by Colliers International, a global leader in real estate advisory. Currently there are close to 18,100 ho

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New real estate law 'vital for Abu Dhabi's growth'

Abu Dhabi government's new real estate law should provide a stronger foundation for inward investment which in the long term should benefit the choice and competitiveness in the occupational market, according to an industry expert.

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UAE-India ties 'set for major growth'

The UAE and India now have a solid platform from which to elevate their relationship to the next level, Sheikh Abdullah bin Zayed, UAE's Foreign Minister, has said in an article. The comments, in the Hindustan Times, were made

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Over 5,300 rooms to enter Jeddah hospitality market

More than 5,300 hotel keys are expected to enter Jeddah’s hospitality market in the next three years, said a report. Primarily represented by five- and four-star properties, the new additions will each account for 51 per cent and

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Maserati posts record sales across Mideast region

Italian luxury car manufacturer Maserati has achieved a record year in terms of sales across the Middle East, India and Africa (MEIA) region last year.    While 2013 saw the launch of the new Maserati Quattr

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Bahrain retail sector’s growth role highlighted

Bahrain’s retail sector continues to make a substantial contribution to the economy by creating jobs and attracting regional and international investments, the Crown Prince said yesterday (February 7). His Royal Highness Prince Salman bi

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Wars, cheap oil hurting Middle East growth

The World Bank said that 2015 economic growth in the Middle East and North Africa likely came to just 2.6 per cent, falling short of a 2.8 per cent forecast in October as war, terrorism and cheap oil took their toll.  

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ME carriers record strongest annual traffic growth

Middle East carriers recorded a staggering 10.5 per cent growth in annual traffic last year compared to the figures in 2014, registering the strongest growth globally, said a report. Following closely behind was Latin America (9.3 per c

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Mövenpick hotel portfolio grows 15pc in 2015

The year 2015 ended on a high note for Mövenpick Hotels & Resorts, with new properties signed across the Middle East and Africa, Asia Pacific and Europe, expanding its portfolio by 15 per cent. The Swiss hospitality firm,

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Insurance industry growth in focus at ME forum

Oil prices, rising interest rates, geopolitical stability – some of the most significant macro forces shaping the growth and development of Middle East’s insurance industry shaped critical discussions on the industry’s opport

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