At least 10 hotels are expected to be built around Dubai World Central (DWC) by 2020, when the emirate will host the World Expo 2020, according to Helal Saeed Al Merri, director-general of the Dubai Department of Tourism and Commerce Marketing (DTCM).
The real estate market remained nearly stable during the fourth week of April (from 20 to 24) with the combined value of transactions reaching at QAR705m, down 1.2 percent compared to QAR713.3m during the previous week.
Dubai has established itself as a top global tourist attraction, Deloitte and STR Global said in a new series of quarterly reports entitled "Middle East Hotel Market Insight" to highlight key trends and analysis on the tourism, hospitality and leisure (THL) industry across the region.
(Corrects to say loan to be issued by a Maybank unit, not Maybank Islamic Bhd)KUALA LUMPUR, May 6 (Reuters) - Indonesian airline Garuda Indonesia Tbk GIAA.JK has secured $100 million in financing from a unit of Malaysia&aposs Maybank MBBM.KL to fund its operations and expansion, the Malaysian bank said on Tuesday.The Musyarakah-based loan, which will be Indonesia&aposs largest bilateral Islamic fi