Business Blog

Accor Hotel Services Middle East is to open three more hotels in Jeddah, Saudi Arabia by the end of 2018, under the Novotel, Ibis and Adagio brands.

Egyptian construction firm Arab Contractors says its first project in the UAE, worth USD 32 million, will be ready after a maximum of two years.

Inbound tourism is a major contributor to Saudi Arabia's commercial and economic dynamism. Industry observers project investments in Saudi travel and tourism to stand at SR150 billion in 2014 wherein SR50 billion would come from domestic tourism and SR100 billion from inbound tourism.

Rent and property value will not be dictated by current land price, although population growth and strong economic performance drive real estate demand, an industry expert has said.

Wednesday, Oct 15 - The Islamic Finance Gateway (IFG) Briefing, published from Sunday to Thursday, carries the latest market-moving news and data for institutions offering Islamic financial services.You can view the full IFG briefing via http://bit.ly/ifgdaily under IFG Briefings Subject.TOP STORIES Saudi bank&aposs $6 billion IPO ignites religious controversyPlans by Saudi Arabia&aposs biggest ba

UAE's Telecom Regulatory Authority may soon announce sharing of network and services that will enable home service subscribers to choose from either of the service providers.