UAE Foreign Affairs Minister Sheikh Abdullah bin Zayed al-Nahyan yesterday called for Egypt to receive international support following the victory of Abdel Fattah El -Sisi in last week’s Egyptian presidential elections. “We want to have partners from around the world…
Tag: UAE
Fitch holds Ras al-Khaimah’s rating at A/AA
Fitch Ratings this morning affirmed Ras al-Khaimah’s long-term foreign and local currency Issuer Default Rating (IDR) at A with stable outlooks. The short-term foreign currency IDR has also been affirmed at F1. The country ceiling has been affirmed at AA+,…
Ritz-Carlton says no new Dubai hotels planned: Gulf News
Ritz-Carlton, the luxury hotel brand of Marriott International of the US, has no plans to develop further hotels in Dubai before 2020, the Dubai daily Gulf News today reported Ritz-Carlton global operations officer Bob Kharazmi as saying. There are two…
Bids invited for Sir Bani Yas Island hotel concession
Abu Dhabi’s Tourism Development & Investment Company (TDIC) today called for bids for the 30-year concession to build and operate a three-four star hotel beachside resort on Sir Bani Yas Island in the west of the emirate of Abu Dhabi.…
Iraq oil production rose by more than 100,000 b/d in April: OPEC
Iraq’s oil production rose to 3.3m b/d in April, more than 100,000 b/d above the figure reported in March, figures in the monthly OPEC Oil Market report show. Aggregate oil output by the six OPEC Gulf states in April was 21.9m b/d,…
Western Region of Abu Dhabi needs more social infrastructure, Al Gharbia Forum told
The 2nd Al Gharbia Development Forum was told this morning that more investment is needed in housing and social infrastructure to support the drive to increase business activity and employment in the Western Region of Abu Dhabi. “We need to…
Ras al-Khaimah gets S&P population warning: The National
Standard & Poor’s (S&) said on 8 May that it might downgrade the credit rating for Ras al-Khaimah as a result of doubts about the accuracy of population data published by the emirate, one of seven that make up the UAE,…
Saudi Arabia and UAE start railway co-operation
Saudi Arabia’s SAR and Etihad Rail of the UAE announced today they will start detailed collaboration. A memorandum of understanding signed by the two companies calls for the adoption of common solutions and the sharing of best practice. Committees including representatives from both companies will…
Chinese visitors to UAE rise 200 per cent in first quarter
The number of Chinese visitors staying in UAE hotels and hotel apartments rose to 32,259 in the first quarter of 2014, according to figures released today. This was more than 200 per cent higher than the figure recorded in the first…
Emirates NBD economist tells AHIC the UAE, Saudi Arabia and Oman are key ME tourism markets
Emirates NBD MENA research head Khatija Haque told the Arabian Hotel Investment Conference today that the UAE, Saudi Arabia and Oman offer the substantial potential for rapid tourism and hospitality industry growth. “For a country looking for job creation, tourism…