Monday 27 March 2017
 
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Central Hotels gears up for a strong presence at ATM

Central Hotels has confirmed its participation in Arabian Travel Market (ATM), which is taking place in Dubai from April 24 to 27, 2017. Making the announcement, Ahmad Ali Al Abdulla Alansaari, chairman of Central Hotels, said: &l

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First Central Hotel Suites employee gets top honour

Mais Al Temimi, guest relations officer at First Central Hotel Suites, managed by Dubai-based Central Hotels group, was named the winner of ‘Hotelier Express: Young Hotelier of the Year 2017’. The award is designed to

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Dubai's First Central Hotel Suites receives Green Key certification

First Central Hotel Suites, managed by Dubai-based Central Hotels group, has been awarded Green Key Certification 2016-2017 for its green practices that include a host of environment-friendly energy, water and waste management initiatives.

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Passenger traffic at DWC surges 95pc in H1

Passenger traffic at Dubai’s second airport, Dubai World Central (DWC) continued the upward trend in the first half of the year surging more than 95 per cent from H1 2015, according to a new report. Acording to the traffic report

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Saudi Arabia central bank net foreign assets fall $6bn

Saudi Arabia's central bank, which serves as the kingdom's sovereign wealth fund, reported a fall of $6 billion in net foreign assets in March as low oil prices took their toll. Net foreign assets held by the central bank

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Iraq cbank manager arrested over bonds trading in Kurdistan

An Iraqi central bank manager in the autonomous Kurdistan region was arrested as part of a probe into an alleged illegal bond trading scheme that may have cost the cash-strapped government more than one billion dollars.  

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New GM for First Central Hotel Apartments

First Central Hotel Apartments, located in the Tecom area in Dubai, has welcomed Wael El Behi as its new general manager. El Behi will oversee all operations of the 524-room property, including guest services, sales and marketing

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Lebanon cbank sees no risk to pound, hopes Saudi ties improve

Lebanon's central bank governor said he saw no risk to the Lebanese pound and it remained bank policy to keep it stable, adding that he had not been informed of any measures by Saudi Arabia targeting the Lebanese financial sector.

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Oman to borrow $5bn-$10bn from abroad

Oman plans to borrow between $5 billion and $10 billion from abroad to help finance a budget deficit caused by low oil prices, central bank executive president Hamood Sangour al-Zadjali told Al Arabiya television on Monday. Zadjali said

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Egypt cbank keeps main interest rates unchanged

Egypt's central bank kept benchmark interest rates unchanged on Thursday, it said in a statement.   The Monetary Policy Committee (MPC) kept the overnight deposit rate at 9.25 per cent and the overnight lendi

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