Dubai Parks and Resorts, a leisure and entertainment destination coming up on a 16-million-sq-ft area in the UAE, on Wednesday began trading its shares on Dubai Financial Market (DFM).
The rights issue, which will be free-floated
The Dh400 million ($109 million) The Mall, a new shopping and entertainment destination located in the Jumeirah District of Dubai, UAE, opened yesterday (February 21) debuting new fashion brands, restaurants and entertainment options.
Saudi Arabia offers huge opportunity for mid-range hotel investment, particularly in Jeddah, Riyadh and the Eastern Province, according to Laurent A Voivenel, CEO of Hospitality Management Holdings (HMH).
Voivenel made a special present
The Peninsula Shanghai has been voted the ‘World's Best Hotel in Asia’ by the readers of the US-based travel and lifestyle publication Travel + Leisure.
The property topped the ‘Best Hotel in Asia’ read
The UAE is likely to see visitor numbers increase to 45 million by 2021 as the country moves towards becoming a world-class leisure and entertainment (L&E) destination, said a report.
International tourists would account for 3
Fakieh Hospitality and Leisure Group, a leading provider of leisure activities, hospitality, entertainment and edutainment in Saudi Arabia, has launched its new corporate identity ‘Tarfeeh Fakieh.’
The new identity ref
Leisure cruising is becoming an increasingly popular option for tourists in Dubai, with prices comparing favourably with staying in five-star hotels, and visitors keen to enjoy the breathtaking views of the city’s waterfront, say industry
While the GCC retail sector will reach Dh811 billion ($221 billion) in 2015, the amusement industry alone is set to cross Dh118 billion ($32 billion) in the next two years, said organisers of a major amusement and leisure show in Dubai, UAE.
The amusement and leisure industry is expected to give a boost to the construction sector in the region with several such projects in the pipeline.
The industry is set to touch Dh118 billion ($32.1 billion) in the region, as per t
Dubai-based developer Nakheel has posted a net profit of Dh2.60 billion ($707.7 million) for the first nine months of the year, a figure higher than its profit for the whole of 2013.
It reflects an increase of 47 per cent on the p