Dubai experienced a slow April this year when hotel occupancy levels, average-daily-rate (ADR) and revenue-per-available room (RevPAR) dipped in comparison to the same period in 2015, reports showed.
Despite increases in supply (o
Prime Minister Ahmet Davutoglu unveiled a plan on Monday to support Turkey's tourism sector, hit by tensions with Russia and domestic insecurity, including a 255 million lira ($87 million) grant and a facility to allow tourism firms to restr
Dubai Investments Park (DIP), the largest integrated commercial, industrial and residential community in the Middle East and wholly-owned by Dubai Investments, said it has received a special recognition from Dubai Police – Jebel Ali branch
Asian shares took their cue from Wall Street and slipped on Friday, but were still on track for gains in a week marked by the first US interest rate hike in nearly a decade and a depreciating yuan.
Saudi Arabia's crude oil exports dipped by 89,000 barrels per day (bpd) in July, while volumes used by local refineries and the country's refined products shipments rose from a month earlier, official data showed on Sunday.
Air travel bookings from China have slowed sharply over the past three months, especially to Europe and the US, closely mirroring a decline in the country’s stock market, according to ForwardKeys, a leading business intelligence tool.
The net foreign assets at Saudi Arabia’s central bank fell to SR2.521 trillion ($672.2 billion) in May, down by $6.6 billion or one per cent from the previous month as the kingdom continued to draw down reserves to cover a budget gap cause
Oil futures prices dipped slightly in thin trade on Friday as forecast higher production by US shale oil producers this year added to lingering worries over demand.
US July crude shed four cents to $60.41 a barrel as of 0302 GMT a
Oil futures dipped on Friday after Saudi Arabia said it was ready to raise output further to meet strong demand.
US crude prices hit a high of $61.82 a barrel earlier this week, their strongest since May 6, as firm demand and a st
Eight new hotels and serviced apartments will be built over the next five years within Dubai Investments Park (DIP) in UAE.
The new hotels and serviced apartments, to be built by individual investors, will be of various star categ