London-based Millennium & Copthorne (M&C) Hotels’ third-quarter profit rose 6.6 per cent as an increase in global business travel drove occupancy and room rates.
Pre-tax profit rose to £50.2 million ($80.16 million)
Millennium & Copthorne Hotels Middle East and Africa (MEA) has unveiled plans to launch its Studio M brand in Riyadh, in partnership with Saudi Arabian owner Waseel Properties and developer Raseel Properties.
The 145-key prope
Millennium & Copthorne, one of the world’s largest hotel companies, recently organised a roadshow showcasing its properties around the region at the Millennium Hotel Doha.
The hotel company aims to attract business and leisure travelle
Faruk Group Holding, a major conglomerate with entities in eight different industry sectors in Iraq, has unveiled big investment plans for the northern city of Sulaymaniyah.
The group with a diversified range of interests including telecom