Accor Hotels’ Ibis and Novotel in Imam Khomeini International Airport was opened in 2015 Accor Hotels of France is planning to set up a joint stock company in Iran to manage its Iranian hospitality business, the 12th annual Arabian Hotel…
Month: April 2016
Dubai owner calls for tighter hotel financial management
Chief hospitality and leisure officer at Dubai’s Wasl hotel group told the Arabian Hotel Investment Conference (AHIC) #AHIC this morning that conventional hotel ownership models will be replaced by professional financial management. “The focus is on the bottom line,” Al-Hashimi…
McKinsey blueprint for Saudi National Transformation Plan
On 1 December, the McKinsey Global Institute (MGI) published a 156-page report named Saudi Arabia beyond oil. It set out the strategic challenges facing Saudi Arabia and the approach its government and business leaders might pursue to address them. The…
Banks back Saudi Arabia despite Doha
For full coverage of Middle East business, see MEED International banks are signalling their confidence in the future of the Saudi Arabian economy by subscribing heavily to a $10bn loan being raised by the kingdom. The deal will be for five…
Why Saudi Arabia didn’t need a Doha deal
Saudi Arabia’s Oil Minister Ali al-Naimi The failure of the OPEC/non-OPEC producers’ meeting in Doha was principally because Saudi Arabia is winning the market share war and didn’t need a deal. World oil prices fell sharply after the meeting…