ABU DHABI - Abu Dhabi achieved a two per cent rise in hotel guest numbers 
last year despite a recession in global tourism industry.
ABU DHABI - Abu Dhabi achieved a two per cent rise in hotel guest numbers 
last year despite a recession in global tourism industry.
DUBAI - American Express Middle East (AEME) announced the appointment of William C. Keliehor as the new chief executive officer based in the organisation’s regional headquarters in Bahrain.
DUBAI - Real Estate developer Oger Dubai, a subsidiary of Saudi Oger Limited, said on Saturday that it has received a termination notice from Daman Real Estate Capital Partners Ltd.
DUBAI - SieMatic, a Germany-based luxury kitchen cabinet manufacturer, plans measures to boost its business in the UAE and explore new markets in the Middle East, a top executive of the company said.
RAS AL KHAIMAH - Rakeen, leading property developers and investors, has announced that it has teamed up with Harradine Golf from Switzerland to design and construct an 18-hole golf course in Mukhrovany, a picturesque location just 25 kilometres outside Tbilisi.
ABU DHABI — Etisalat is currently not keen to pursue the proposal to issue $1.8 billion bond announced by it late last year, as it is not facing 
any fund shortage.
JEDDAH — The worst is over for banks in the Gulf Cooperation Council, or GCC, countries, a study said.
DUBAI — DAMAC Properties will handover more than six projects comprisng of over 3,000 new units this year, the Dubai-based proeprty developer said.
DUBAI — Hotel occupancy and average daily room rates declined in the Middle East and Africa region in 2009, but the trend is likely to reverse in the GCC following dynamic initiatives taken by member countries to boost tourist arrivals, industry analysts said.
ABU DHABI - Sorouh Real Estate, Abu Dhabi’s second-largest developer by market value, posted on Thursday a net profit of Dh495 million for the financial year 2009, representing a massive drop from the Dh1.8 billion profit it had made in the previous year.