Emirates Integrated Telecommunications Company (EITC) has confirmed that the UAE Ministry of Finance has announced the Federal Royalty scheme, which will be applied annually on EITC for the period 2017 to 2021.
EITC has two teleco
Hotels in the Middle East reported negative October 2016 results, while hotels in Africa posted mixed results in the three key performance metrics for the same month.
Compared with October 2015, the Middle East reported a 4.4 per
Dubai's hospitality sector reported declines across key performance metrics in October with the steepest fall recorded in revenue per available room (RevPAR), which fell 12 per cent to Dh598.09 ($162.7) year-on-year, said a report.
Hotel performance in Abu Dhabi remained under pressure over the first eight months of the year with rates dipping double-digits, a new report unveiled.
According to JLL's Q3 Abu Dhabi Real Estate Market Overview, average daily
Hotels in the Middle East reported mixed results in key performance metrics this August, posting a 2.3 per cent increase in occupancy to 65.2 per cent compared to August 2015, said a report.
However, average daily rate (ADR) was d
Armed Forces Officers’ Club & Hotel in Abu Dhabi has announced a record surge in occupancy rates during the summer season.
The iconic landmark has immediately become a popular choice for conferences, weddings and other c
Dubai's hospitality sector witnessed occupancy levels jump 3.4 per cent to 76.1 per cent in August.
According to August data released by STR, the UAE emirate reported increases in supply (over 5.5 per cent) and demand (over 9.
Hospitality and tourism activity continued to pick up in parts of the Northern Emirates as visitor numbers and occupancy rates recorded y-o-y increases during Q1 2016, said a report.
Furthermore, some emirates have shown a strong
Japan will respond as needed to "extremely nervous" exchange-rate moves in the wake of Britain's referendum on leaving the European Union, Finance Minister Taro Aso said on Friday, signalling a readiness to intervene to stem excess
The airline industry’s focus on improving baggage management is showing strong results with 2015 baggage mishandling rates dropping to 6.5 bags per 1,000 passengers, the lowest ever recorded.
According to the Sita Bag