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Hospitality market in GCC expected to grow 8.1%

Abu Dhabi: The GCC’s hospitality market is expected to grow at an annual rate of 8.1 per cent to $28.3 billion by 2016 compared to $19.2 billion in 2011, according to Alpen Capital’s industry report published on Sunday on the hospitality sector in the GCC.

The report focuses on key performance indicators of the GCC region’s h

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Emal, Fluorsid sign Dh342m contract

Abu Dhabi: Emirates Aluminium (Emal) on Monday signed a Dh342 million contract over three years with the Italian-based company Fluorsid for the provision of aluminium fluoride.

Emal President and CEO, Saeed Fadhel Al Mazroui said: “This milestone continues to advance Emal towards completion of Phase II expansion within the timescale we have set. U

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Global e-commerce increasing 13.5% annually

Abu Dhabi: Over $3 trillion (Dh11 trillion) in foreign exchange transactions are conducted online every day, a report by Booz Allen Hamilton said.

The report revealed that the Middle East has seen significant economic growth in recent years, and that infrastructure investments have allowed many states in the region to diversify their economies

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Almarai third-quarter profit up 4.7 per cent

Riyadh: Almarai Co, the Saudi Arabian company that operates a joint venture with PepsiCo, said third-quarter profit rose 4.7 per cent, missing analysts’ estimates as it failed to benefit from lower feedstock costs.Net income advanced to 450 million riyals (Dh440 million) from 430 million riyals a year earlier, the company said in a statement to t

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Oman Air increases flights in Muscat-Salalah Route

Oman Air increases flights in Muscat-Salalah Route

Oman Air has announced that it has increased flight between Muscat – Salalah route. Nearly 50,000 passengers flew on the route, an increase of more than 20,000 compared with August-September 2011. The extra flights accounted for 40 per cent of the total number of people travelling to Salalah with

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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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