Occupancy rates at Bahrain’s five-star hotels during Bahrain International Air Show topped 90 per cent, Bahrain Tourism and Exhibition Authority acting chief executive Shaikh Khalid bin Humood Al Khalifa said yesterday (January 26). Four
Abu Dhabi experienced a slow December last year when hotel occupancy levels, average-daily-rate (ADR) and revenue-per-available room (RevPAR) dipped in comparison to the same period in 2014, reports showed.
Despite increases in supply (
Abu Dhabi hotels reported declines in occupancy, average-daily-rate (ADR) and revenue-per-available room (RevPAR) in November despite occupancy levels reaching above 90 per cent during the Formula 1 Abu Dhabi Grand Prix weekend, said a report.
Egypt's Monetary Policy Committee (MPC) raised benchmark interest rates by 50 basis points on Thursday, citing inflationary pressures, a week after it shocked markets by postponing its decision.
The move wa
Hotel rates in Dubai will be impacted next year by rising competition and a strong US dollar despite the emirate’s hospitality sector proving to be resilient in the face of more challenging economic conditions, locally and globally, said a
The world’s central banks are scrambling to assess the risk a slowing China poses to their economies and appear to be no closer than most other observers to working out what is going on in the world's second largest economy.
Qatar's central bank governor sought to dampen expectations for rising interest rates on Saturday after a jump in local bill yields suggested liquidity in the Qatari banking system was beginning to tighten.
On Thursday, the ce
International roaming rates between Bahrain and other GCC countries will drop next year. The move was announced as His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa chaired the weekly Cabinet meeting yesterday (August 24)
The dollar traded near weekly highs and US Treasury yields rose on Thursday as US gross domestic product data showed a pick-up in consumer spending and encouraged bets that hikes in US interest rates will start as soon as September.
Gold slipped to near 5-1/2-year lows on Friday and was on course for a sixth straight weekly fall, its longest retreat since 1999, after upbeat US economic data strengthened expectations for a near-term hike in interest rates.