Friday 20 July 2018
 
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Mena

Mena M&A deal value in Q2 hits 8-year high at $34bn

The value of announced M&A transactions with any Mena involvement reached $33.9 billion during the second quarter (Q2) of 2018, 74 per cent more than the value recorded during Q2 2017 and an eight-year high, a report said. Dea

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Hurghada, Muscat to witness tourism boom

Egypt's beach resort town Hurghada and Oman's capital city Muscat are expected to become tourist hot spots over the next few months with forecasted growths of 13 per cent and 8 per cent respectively in revenue per available room (RevPAR)

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UAE hotels post highest occupancy, rates in Mena

The UAE reaffirmed its competitive lead among the hospitality markets in the Middle East and Africa (Mena) region in April, with Abu Dhabi witnessing the highest occupancy rate of 87.9 per cent and Dubai enjoying the highest revenue per availabl

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Mena ‘needs $320bn spend in oil and gas sector’

The Mena region needs at least $320 billion in investment in the oil and gas sector over the next five years, said an industry expert, adding that the private sector can be an important partner in this effort. New investment model

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Cleartrip partners with Saudi Arabia's Flyin

Cleartrip, a leading mobile and online travel company in the Middle East and India, has joined hands with Saudi Arabia's leading OTA, Flyin, to capitalise on the growing shift to online bookings in the Middle East and North Africa (Mena) reg

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World Cup fever triggers ME traffic flow to Russia

People are going football-crazy all across the Middle East and North Africa as the countdown to the Fifa World Cup finals nears its end. June 14 will be the start of a frenzy month for soccer fans around the world, especially from

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Dubai hotels outperform Mena market in Q1

Dubai’s hospitality sector remains amongst the top performers in the Mena region, achieving the highest occupancy, average room rate (ADR) and revenue per available room (RevPAR) in the first quarter of 2018, a new report showed.

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Mena M&A activity down by 21.8pc in Q1: EY

The merger and acquisition (M&A) in Mena activity recorded 93 announced deals in the first quarter (Q1) of 2018, a decline of 21.8 per cent when compared to 119 deals in Q1 of 2017, said professional services firm EY in a new report.

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Mena M&A activity down by 21.8pc in Q1: EY

The merger and acquisition (M&A) in Mena activity recorded 93 announced deals in the first quarter (Q1) of 2018, a decline of 21.8 per cent when compared to 119 deals in Q1 of 2017, said professional services firm EY in a new report.

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45pc in Mena victim of financial crime: study

Forty-five per cent of executives in the Mena region had been a victim of at least one form of financial crime during the 12 months preceding a survey by Thomson Reuters as opposed to 47 per cent globally. Extensive third-party ne

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