Business Blog

With the second hotel under the DoubleTree brand set to open in Dubai during June this year, Hilton Worldwide is looking to have properties in Abu Dhabi, Oman, Morocco and Tunisia, according to Rudi Jagersbacher, the hotel company’s president for the Middle East and Africa.

Tourism Minister Michel Pharaon Monday said he expected activity in the tourism sector to pick up this summer due to an improvement in the security situation, but industry officials say the failure to elect a new president might hamper the forecast momentum.

NCB Capital, the Gulf's leading provider of wealth management services and Saudi Arabia's largest asset manager, has announced the closure of subscriptions to the AlAhli SEDCO Residential Development Fund after exceeding the Fund's target of SAR350 million.

Hitachi Ltd. has signed a joint-venture agreement with Walid Ahmad Juffali Co. Ltd. (WJCO) for a gas-insulated switchgear business.In the agreement, Hitachi will hold a 51-percent share of equity while WJCO will hold a 49-percent share.

Qatar Airways announced on Monday its expansion plans on the opening day of Arabian Travel Market (ATM) - the Middle East's premier travel show held in Dubai every year.

Rolling out its expansion strategy at the Arabian Travel Market, Hospitality Management Holdings (HMH) aims to have a hotel in every member country of the Gulf Cooperation Council (GCC).