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Saudi developer raises $1bn loan to refinance Makkah project

Saudi developer raises $1bn loan to refinance Makkah project

Saudi Arabia's Jabal Omar Development Company has secured a 4 billion riyal ($1.07 billion) loan to refinance part of an existing facility it signed in 2012 to fund its real estate project in Makkah, it said on Tuesday.

Saudi Arabia's largest listed developer by market value said the new loan from National Commercial Bank, to fund the project's

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Accor debuts Majlis Grand Mercure in Abu Dhabi

Accor debuts Majlis Grand Mercure in Abu Dhabi

Accor Hotel Services Middle East has opened its first Majlis Grand Mercure-branded luxury boutique property in the region.

Located in Abu Dhabi, Majlis Grand Mercure Residence, the brand’s flagship property, features 198 rooms, a full-service Mediterranean and Arabic restaurant, a French café, swimming pool, fitness centre, sauna, Jacuzzi, and bu

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UAE's Rotana makes Jordan debut with hotel apartments

UAE's Rotana makes Jordan debut with hotel apartments

Abu Dhabi-based operator Rotana has opened its first property in Jordan, featuring 391 fully furnished and serviced hotel apartments.

The Boulevard Arjaan by Rotana is located in the heart of Abdali, the new downtown area of Amman, and sits with The Boulevard, a mixed-use development featuring residential, entertainment and business outlets.

“We are

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FIRST LOOK: Manzil Downtown Dubai

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Swiss International eyes 10 GCC hotels by 2017

Swiss International eyes 10 GCC hotels by 2017

Swiss International Hotels and Resorts is looking to open at least 10 hotels by 2017 in the UAE, Saudi Arabia, Oman, and Kuwait.

According to a report by Gulf News, the operator will open hotels under its luxury, upscale, and midscale brands, following the opening of the group’s first hotel in the UAE in Fujairah – Swiss International Concorde.

In

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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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