Business Blog

The UAE hospitality sector witnessed slowdown in September as the major segments - occupancy, average daily rates (ADR) and revenue per available room (RevPar), recorded decline.

A project to turn an historic Saudi mountain into a tourism site has not been completed nearly eight years after it was awarded, prompting a decision by authorities to cancel the contract and re-tender the project, according to press reports.

The newly renovated King Abdul Aziz historic arbor in the Al-Kharj municipality is now open to the public and welcoming local residents to their favorite leisure activity ground.

The number of Internet users in the Kingdom reached 18.3 million this year. Subsequently, there is an increased demand for Internet and broadband connection services (both mobile and home-based).

US tech start ups are 'burning' cash at alarmingly high rates, and some experts are warning that innovation could suffer

Islamic Bank of Britain plc (IBB), (www.islamic-bank.com), the UK's only wholly Sharia compliant retail bank, today announced that, subject to formal shareholder approval, it plans to change its name to Al Rayan Bank PLC.