Friday 27 March 2015
 
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QTA warns hotels against increasing prices

Qatar Tourism Authority (QTA) has issued a warning to hotels in the country against attempts to increase prices exorbitantly to cash in on the increased inflow of tourist, according to a report. Some hotels had increased prices by

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Demand for HVAC equipment to reach $20.4bn

The demand for heating, ventilating, and air conditioning (HVAC) equipment in the US is forecast to increase 6.8 per cent annually through 2019 to $20.4 billion, recording gains over twice the rate of the 2009-2014 period, according to a new stu

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Card data threat increases as online payments grow

Leading experts in card data security have urged the regional payment industries to come together to tackle an increased threat to the integrity of card data as online and mobile payments grow in the Middle East and North Africa region.

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DIFC posts 18pc growth in companies

Dubai International Financial Centre, a leading financial hub connecting the Middle East, Africa and South Asia (Measa) markets with the economies of Europe, Asia and the Americas, has posted an 18 per cent growth in the number of active registe

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DP World posts 11pc revenue increase

DP World, a leading port operator, has posted 11.3 per cent rise in revenues last year to reach $3.4 billion, according to a statement from the company. The firm made a profit attributable to shareholders of $675 million compared

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Dubai Airport Terminal 2 capacity up 50pc

Dubai International Airport’s Terminal 2 capacity has increased 50 per cent, after recent expansions were completed, a senior official was briefed. Sultan Ahmed bin Sulayem, chairman of DP World and chairman of Ports, Custom

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Number of millionaires ‘increasing in Bahrain’

Bahrain has one of the region's fastest-growing high-net-worth individual (HNWI) populations, according to a new report from WealthInsight. Forecasting a growth rate of 4.1 per cent on average till 2019, the 'Business stra

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Hikma Pharmaceuticals posts 9pc revenue increase

Hikma Pharmaceuticals, a leading multinational pharmaceutical group with operations across the Middle East and North Africa (Mena), Europe and the United States, has posted a nine per cent increase in revenue, with returns of $1.4 billion last y

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GCC to increase ‘smart’ devices use in classrooms to 100pc

The Gulf Cooperation Council’s (GCC) education sector is set to increase the use of ‘smart’ devices for teaching and learning purposes to 100 per cent by 2017, according to a recent study. ICDL Arabia, the govern

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Ajman tourism revenues hit $81m

Tourism revenues in the UAE emirate of Ajman reached Dh300 million ($81.6 million) last year, as compared to Dh220 million ($59.8 million) in 2013, according to recent statistics. The Ajman Tourism Development Department (ATDD) st

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