NEWS & INSIGHTS

About 10,000 new hotel rooms will open in Dubai throughout 2016, according to a new report. The Dubai Hotel Market Overview prepared by JLL for The Hotel Show Dubai 2016 reveals that 621 new hotel rooms opened in Dubai during […]

Trojan General Contracting (TGC), has been awarded a $270.2mn contract for the construction of the Mira Oasis townhouses The project is part of the second phase of the Reem, a master planned neighbourhood in Dubai. The second phase of the […]

A Masdar-led consortium has won the contract for the 800 megawatt third phase of the Mohammed bin Rashid Al Maktoum Solar Park, Dubai Electricity and Water Authority (DEWA) announced on Monday. Masdar will team up with Spanish firms, Fotowatio Renewable […]

Dubai: When it comes to dealing with change brought about by everything, from economic and political shocks, to long term trends such as technologies and demographics, the UAE is the most prepared in the Arab world. The country has emerged […]

Abu Dhabi-based Trojan General Contracting (TGC) has announced that it has been awarded a AED1 billion ($272 million) contract to build the Mira Oasis townhouses in the second phase of Reem, a master planned neighbourhood in Dubai. Reem, a large-scale […]

The Muslim holiday of Eid al-Fitr, expected to begin around July 4 at sunset, will close offices and delay processing of applications in countries across the Middle East, North Africa and parts of Asia, and at their consular missions around […]

KUALA LUMPUR: The UAE-based Lulu Hypermarket has opened its first outlet in Malaysia, becoming a gateway for Malaysians to market their products to the Middle East and Asia. Prime Minister Datuk Seri Najib Tun Razak said the largest retail chain […]

Abu Dhabi has overtaken Dubai to claim the title of the Middle East’s top ranked Networked Society City, according to technology giant Ericsson. Its Networked Society City Index 2016 ranked Abu Dhabi 23rd globally, three places ahead of Dubai which […]

Millennium & Copthorne, Middle East and Africa has announced plans to substantially expand its operating portfolio in the GCC region over the next year with 10 hotels set to open in the next 12 months. The global hotel operator will […]

Major hotels are in talks to open near the Jeddah Tower, the skyscraper which will become the world’s tallest upon its completion in 2019. “Of course we have the Four Seasons inside the Jeddah Tower (previously called Kingdom Tower), but […]

Dubai’s ruler His Highness Sheikh Mohammed bin Rashid Al Maktoum has launched the 2030 Dubai Industrial Strategy, according to a statement released on Saturday. The strategy aims to add AED165 billion to the economy and create thousands of jobs by 2030 by […]

Dubai-based developer Emaar Properties has been upgraded to Baa3 long-term issuer rating by Moody’s Investor Service with a ‘stable’ outlook. The company behind the Burj Khalifa, the world’s tallest building, said the upgrade highlighted “its financial strength and ability to […]