UAE's Al Khoory eyes 1,100 hotel rooms by 2019UAE-based Al Khoory Hotels has unveiled its big strategy for the mid-market hospitality sector in Dubai with plans to open 1,100 rooms in the emirate by end of 2019 intime for the World Expo extravaganza. The Dubai-based three and More… |
Al Jaber, top creditors agree debt terms: sourcesAbu Dhabi conglomerate Al Jaber Group has agreed on terms to restructure nearly $4.5 billion in debt with its main creditors, three sources said on Tuesday, with final approval from other lenders expected to end talks which have dragged on for o More… |
Dubai Investments Q1 net up 6.3pcConglomerate Dubai Investments posted a 6.3-per cent rise in quarterly net profit on Sunday and said the company was reviewing opportunities to divest some of its businesses. The firm, in which sovereign wealth fund Investment Corporation More… |
Top Qatari group profit up 21pcMannai Corporation, a Qatar-based conglomerate with more than 60 years in trade and service industries, said its net profit for 2011 rose 21 per cent to QR279 million ($76.6 million) from QR231 million the previous year. Ann More… |
Al Jaber in top management reshuffleAl Jaber Group, a family-held conglomerate in the midst of a $1-billion plus restructuring, will hire a new chief executive to replace the founder's son, three sources told Reuters. A recruitment firm has been retained to bring in a n More… |
Top Egyptian group inks $20m loan dealWadi Group, a leading Egyptian conglomerate, said it has signed a $20 million loan agreement with Proparco, the financing arm of the French Development Agency, to fund its expansion and growth plans in the country. The agreement was signed More… |