Friday 25 April 2014
 
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Dubai, Abu Dhabi hotels top performance

Dubai and Abu Dhabi hotels recorded strong occupancy rates in January, said a report. The latest HotStats report, published by TRI Hospitality Consulting, showed that while occupancy fell marginally in Dubai’s hotels by one

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Bahrain police 'face more danger in line of duty'

Police in Bahrain are 116 times more likely to die in the line of duty than they are in the UK. That statistic is based on the per capita death rate of serving officers over the past three years, said a report in the Gulf Daily News (GDN), our s

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GCC retail sales to grow 8pc

The retail sales in the GCC are projected to grow at an average annual rate of eight per cent during 2011-16 period to RO270 billion ($699.2 billion), said a report. "Food constitutes 50 per cent of total retail spending, whi

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Saudi illiteracy rates drop 61pc

Saudi Arabia’s illiteracy rates have dropped by 61 per cent during the past nine years, said a report. The kingdom has achieved the goal stated in the Dakar Forum, which took place in Senegal in 2000, in which the participan

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Highest unemployment rate in Mena region

The Middle East and North Africa (Mena) region had the highest unemployment rate across the world in 2012 at 19 per cent, said a report. "Mena had the highest unemployment rate of all regions in 2012 at 19 per cent, followed

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Jordan raises overnight rate to bolster dinar

  Jordan raised its overnight rate on dinar deposits on Monday by 75 basis points to 4 percent to bolster the currency at a time of regional uncertainty and domestic unrest.   It was the third time

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Spain borrowing costs soar as EU ponders aid

Spain's medium-term borrowing costs spiralled to a euro-era record at an auction on Thursday, hours before an independent audit was due to reveal how big a capital hole in Spanish banks needs to be filled by a euro zone bailout. Euro zone

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Thomson Reuters boosts IIBR members

Thomson Reuters has added leading Islamic scholars and bankers to the supervisory bodies of the Islamic Interbank Benchmark Rate (IIBR), expanding geographic and community representation on IIBR Shariah panel and Islamic benchmark commit

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Seven Tides project sees high occupancy rates

Seven Tides, the Dubai real estate developer and hospitality consultancy, has reported 99 per cent occupancy at its flagship Ibn Battuta Gate apartment building which boasts of stylish 156 one- and two-bedroom apartments. The Ibn Battuta G

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Du unveils special GCC roaming rates

Du, the integrated telecom service provider in the UAE, said it has launched special mobile roaming rates for the GCC region starting at 90 fils per minute. Explaining the powerful proposition for du customers roaming in the GCC, Fari

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