Up to 600 delegates, guests and speakers are expected at the opening session of the 10th annual Arabian Hotel Investment Conference (AHIC) which begins in Dubai’s Madinat Jumeirah today. Features of AHIC’s first day will include: • The presentation of…
NBK honours Ibrahim Dabdoub’s 53 years of service
National Bank of Kuwait (NBK) has honored Ibrahim Dabdoub, NBK Ex-Group Chief Executive Officer, for his 53 years at NBK. The honoring ceremony was attended by Anas Al Saleh, Kuwait Minister of Finance, Dr. Mohammad Yousef Al Hashel, the Governor…
IMF deputy managing director says Kuwait non-oil growth will accelerate
Deputy IMF managing director Min Zhu said on 1 May that Kuwait’s non-oil GDP growth is expected to accelerate to 3.9 per cent in 2014 from 2.7 per cent last year. Zhu was speaking following a visit to Kuwait on…
BofA Merrill Lynch says Dubai could have capacity to borrow for Expo 2020
The government of Dubai is on track to create capacity for additional sovereign borrowing to finance World Expo 2020 projects, according to a report issued by BofA Merrill Lynch this week. “The bulk of the Expo 2020-related capex is set…
Abu Dhabi hotel rates squeezed by competition, JLL reports
More than 3,000 extra hotel rooms are due to enter the Abu Dhabi market by the end of 2016, according to a new report by property consultants JLL. This will intensify pressure on room rates. According to the Abu Dhabi Tourism…
Saudi Arabia’s Prince Sultan bin Salman to receive AHIC 2014 leadership award
President and chairman of the board of the Saudi Commission for Tourism & Antiquities (SCTA) Prince Sultan bin Salman Al-Saud will receive the annual AHIC leadership award at Madinat Jumeirah on 4 May. The award is presented to individuals and…