Business Blog

GFH faces Kuwait shares suspension if misses AGM deadline -watchdog

Kuwait's financial regulator has given Bahrain-based investment firm Gulf Finance House GFHB.BH

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Deloitte: Middle East Hotel Market Insight - Dubai, UAE (Apr-14)

Dubai attracted 7.8 million hotel guests and 2.1 million serviced apartment guests in 2012, representing a total of 9.9 million guests over the 12 month period. As set out in Figure 1, this translated into demand for 26.0 million hotel guest nights and 11.4 million serviced apartment guest nights in Dubai in 2012. Total guest night demand in Dubai in 2012 was thus 37.4 million, up 64% from 22.8 million in 2008.

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European shares rise early; Barclays drops after results

PARIS, May 6 (Reuters) - European shares rose early on Tuesday, mirroring Wall Street's gains following forecast-beating U.S. macro data, although Barclays BARC.L dropped after posting a slide in profit. Shares in the UK lender were down 2.9...
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Dubai to bid for more international congresses, expos

Dubai will be bidding to host more international congresses and conventions, a government official said on Tuesday, adding the country is working on its regulations to ease access of visitors to the country.

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UPDATE 1-UK Stocks-Factors to watch on May 6

(Adds company news, futures) LONDON, May 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher, with June futures for the index FFIc1 rising 0.4 percent by 0634 GMT. For more on the factors affecting European stocks, please click on...
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Saudi group eyes UAE buys

Saudi Arabia's Al Tayyar Travel Group is looking at three acquisitions in the UAE as it expands its operations through organic and inorganic growth.

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