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DUBAI - The newly-opened Coral International Cape Town hotel, the first UAE-based hotel brand in Africa, has been awarded 5-star grading in the hotel category by Tourism Grading Council of South Africa (TGCSA).
ABU DHABI - Abu Dhabi Commercial Bank has been named the “Best Retail Bank in UAE” for the third time in a row and the “Best Retail Bank in the Gulf States” for the second straight year by the Asian Banker Excellence in Retail Financial Services Awards Programme.
DUBAI - InterContinental Hotels Group (IHG) in partnership with Ishraq Gulf Real Estate Holding Company, has officially opened the Holiday Inn Express Dubai Airport. The 381 room hotel marks IHG’s fourth Holiday Inn Express property in Dubai and the largest in the EMEA region in terms of number of rooms.
DUBAI — Rent declines in Abu Dhabi will remain closely linked to new supply entering the market, said Landmark Advisory, a leading real estate 
consultancy company.
ABU DHABI — Abu Dhabi has asked the Moody’s Investors Service to reconsider its decision to downgrade six state-linked companies, a top official said on Tuesday.
DUBAI — The dream of rocketing passengers into space for a zero gravity experience became closer to reality on Monday when Virgin Galactic’s mother ship and rocket plane took to the skies on a maiden test flight over California’s Mojave Desert.
DUBAI — Ducab, one of the leading manufacturers of high-quality power cables in the Middle East, suffered a 27 per cent decline in its global sales last year, compared with 2008 despite a 10 per cent increase in its local market share, the company said.
ABU DHABI — Abu Dhabi’s Aabar Investments announced its assets have expanded to $10 billion from $625 million a year ago, a phenomenal growth witnessed after the investment firm was acquired by the International Petroleum Investment Company, or IPIC.
DUBAI - Damas International Limited said it had received the resignations of the members of the board of directors in line with an undertaking provided to the Dubai Financial Services Authority, or DFSA.