Saturday 24 June 2017
 
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WTM on target for record-breaking year of business deals

The WTM Portfolio is set to smash last year’s achievement of $7 billion worldwide industry deals after posting impressive visitor increases at its recent 2017 events – WTM Latin America, WTM Africa and Arabian Travel Market.

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Tamkeen, Al Salam Bank-Bahrain ink $53m portfolio

Bahrain's labour fund Tamkeen and Al Salam Bank-Bahrain have jointly signed a portfolio worth BD20 million ($53 million)within the Sharia-compliant financing program “Tamweel+.” Recently launched by Tamkeen with a

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Rezidor to add over 3,000 rooms to ME portfolio

Rezidor Hotel Group, one of the most dynamic hotel companies worldwide, will add over 3,000 rooms to its Middle East portfolio, totalling almost 12,000 rooms in the region. This year will see 17 hotel openings, including 12 hotels

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Time Hotels to add 10 new properties to ME portfolio

Time Hotels, a UAE-based hospitality company and hotel operator, plans to open 10 new properties across the Middle East by Q4 2018.   The properties, which will be unveiled at ATM in Dubai World Trade Centre (April 24-27), wil

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Dubai Properties boosts residential leasehold portfolio

Dubai Properties (DP) said its leasehold portfolio continues to address market demand through its wide ranging built-to-lease communities comprising over 22,700 residential units. A leading Dubai-based real estate master developer

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Labranda Hotels expands its portfolio in Turkey

Labranda Hotels & Resorts continues to expand its portfolio in Turkey with the signing of a 10 year rental agreement with the owners of the previously called “Sensimar Hotel” located in Turgutreis, Bodrum. This is

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NBE aims to increase SMEs loan portfolio

The National Bank of Egypt (NBE), the oldest commercial lender in Egypt, aims to increase the size of loans granted to small and medium enterprises (SMEs) to E£70 billion ($7.8 billion) over four years, said a report. NBE be

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Nile Air adopts complete Amadeus IT portfolio

Nile Air, one of the largest private schedule airline in Egypt, has extended its contract with travel industry technology partner Amadeus to expand the scope of the airline's IT services. The airline is now the first in the Mi

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Alcatel-Lucent Enterprise expands deskphone portfolio

ALE, operating under the Alcatel-Lucent Enterprise brand, has expanded its deskphones portfoio to deliver better business communications technology.   The latest Alcatel-Lucent Enterprise communications product e

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Qatari fund JV acquires $1.34bn US office portfolio

Qatar Investment Authority (QIA) has joined hands with Douglas Emmett, a fully integrated real estate investment trust (REIT), to acquire a prime 1.72 million sq ft office portfolio in the US. The portfolio consists of four Class

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