Dubai’s hotel room inventory is expected to hit 76,500 by the end of the year, up 14 per cent from 2015, with 9,300 keys across 31 new hotels estimated to be in the pipeline, a new report has revealed.
According to a market
Asian shares edged higher, oil touched a 2016 high and the US dollar weakened as investors turned more positive on riskier assets after the Federal Reserve's cautious stance on further interest rate increases.
Facebook shares surged 15.5 per cent, their biggest percentage increase since July 2013, after the social networking service posted quarterly results that blew away expectations on every key measure.
Russia overtook Saudi Arabia as China's largest crude oil supplier for the third time this year in November, customs data showed on Monday, as Russia captures fresh demand from new Chinese crude buyers.
Crude oil prices jumped to fresh 2015 peaks, turning higher on news that a tribal group made up of former Al Qaeda militants took control of a major southern oil terminal in Yemen.
The terminal is one of the major hubs for the Had
Oil prices jumped in Asian trading today (January 23) as news of the death of Saudi Arabia's King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades.
Abdullah died early on Fri
International Airlines Group reported a 30 per cent jump in third-quarter profit and raised its forecast for the year, in contrast to the British Airways-owner's strike-hit rivals.
IAG's operating profit before exceptional
The Middle East carriers’ passenger demand jumped 10.8 per cent in June, the largest increase for any region, according to the International Air Transport Association's (Iata) June report.
It reflects the continued stren
Abu Dhabi Islamic Bank (ADIB), the largest sharia-compliant lender in the emirate, beat analysts' estimates on Sunday as it posted a 22.5 per cent jump in second-quarter net profit as core business income boo