Several listed subsidiaries of the Adani empire, which spans coal, airports, cement and media, collapsed in early trade, with some losing as much as 20%
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The group, headed by V. M Raj Shetty, currently operates 32 hotels in the Gulf and India. “With the new addition, the group’s portfolio will expand to 41 properties,” said a spokesman of the chain. The five-star hotels will be in Dubai, Abu Dhabi, Bahraian and Bangalore.
The 320-room five-star hotel in Dubai, Ramee Grand Hotel, will be located in Business Bay, while the 300-room Ramee Grand Hotel Abu Dhabi will be on Reem Island.
As a multi-national company, the Ramee Group currently operate and manage properties in the budget segment as hotels, resorts and apartments in the UAE, Bahrain, India and Oman. - issacjohn@khaleejtimes.com
Several listed subsidiaries of the Adani empire, which spans coal, airports, cement and media, collapsed in early trade, with some losing as much as 20%
business1 day ago
Authorities said the Adani Group chairman and seven other defendants agreed to pay the bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years
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Company strengthening regional presence and service offering
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Sinochem may keep three refineries in China's Shandong province
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Memorandum of understanding aims to enhance cooperation in the construction sector
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Serenia Living’s architecture and interiors have been led by Palma’s expert team
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Company’s backward integration model reaps dividends
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Participating companies announce several cooperation achievements
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