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Profit was hampered by a weak top line that saw RevPAR down 7.4% YOY, pulled down by a 9.9% YOY decrease in average rate, even amid a 1.9-percentage-point uptick in occupancy.
Proving an outstanding year for entrepreneurship, 2019 saw Saudi Arabia’s startups attract $67 million worth of investments, a new report shows. This is an increase of 35 percent from 2018.
The important accreditation means that CISI’s exemplary Continuing Professional Development (CPD) online learning programme can count towards CIBN members’ annual CPD requirements. The deal also means that CIBN members can study for CISI’s suite o...
Dubai real estate transactions have grown 260% in the past 11 years.
The new phase comprises of four Solar PV projects with a combined generation capacity of 1,200 MW.
Rapid economic diversification underpinned by a string of bold reforms and a series of government stimulus measures are set to drive UAE growth at a steady pace as its gross domestic product (GDP) remains on track to surpass the $500 billion mark ...
Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy and a leading global developer of renewable energy projects, has announced its first battery project as a part of its long-term investment plan to develop energy storage projec...
The UAE will end 2019 on a better note than in previous years, with the economy forecast to hit a 2 per cent real growth, according to a new report by the Ministry of Economy.
Electric vehicles and electromobile applications are very well suited for use in rural areas of East Africa and represent an environmentally friendly alternative to existing means of transport - especially against the background that due to the fa...
The agreement will see Middle East Airlines place their ‘ME’ code on Gulf Air flights on the Beirut-Bahrain-Beirut route.
Beehive, MENA's first regulated peer to peer lending platform, has released an insightful new report revealing the state of MENA's SME ecosystem.
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