Dubai hotels had the highest occupancy levels in the Middle East and North Africa region in April, according to a new EY report. The hotel benchmark report provides a monthly performance overview of leading hotels in the Middle East. In Q1 2017, all MENA markets with the exception of Cairo, Beirut and Kuwait witnessed a decline

Dubai Investments Park (DIP), the unique integrated commercial, industrial and residential community in the Middle East and a wholly-owned subsidiary of Dubai Investments PJSC, has announced that 280 new sub-tenants have leased premises within DIP between January and April 2017, reinforcing its surging reputation as the preferred and most sought-after business destination in region. The

Ras Al Khaimah has reaffirmed its position as the region’s fastest growing tourism destination for international travellers following increased year-on-year visitor numbers during the first quarter of 2017. New figures reported by Ras Al Khaimah Tourism Development Authority (RAKTDA) ahead of Arabian Travel Market 2017 reveal that overall visitor arrivals to the emirate in Q1

Big auto and big oil will be hit as e-cars rule: Study We’ve been told that electric cars and self-driving vehicles are the future of transport. But they could be here sooner than we think. Petrol cars, trucks and buses will be driven off the roads within eight years, says a new study by Stanford

HVS report says VAT may alter behaviour of consumers, especially millennials Hotel operators in the Gulf region may need to modify their room rates and their overall fee strategy starting next year to continue to appeal to consumers following the introduction of Value-Added Tax (VAT).   VAT, which will be imposed at a 5 percent

Global energy markets have been in flux for the past decade. Prices of solar and wind power are at record lows, natural gas is trading well below its historical average and oil prices are a fraction of where they were just a few years ago. Today’s low-cost environment is opening up new options for electricity