June 22, 2014
Average daily rate (ADR) for the month stood at $182.76, while revenue per available room (RevPAR — a benchmark for performance) touched $128.38.
Real estate shares dragged the Dubai index below 4,500 points, led by Arabtec.
Hamad Mohammad Al Junaibi, UAE’s Charge D’Affaires in Lebanon, urged Emiratis who are in Lebanon at present to leave the country immediately and to coordinate with the UAE embassy in Beirut to facilitate their departure.
The IMF says Bahrain’s fiscal deficit has continued on a rising trend in 2013, although by less than budgeted.
Even the Iranian law requiring women to cover up and the ban on alcohol have not discouraged British tourists.
June 21, 2014
The SAMA measure comes in line with the Ministry of Labor’s efforts to put a limit to the control of expatriates over some commercial activities, more commonly known as tasattur.
June 20, 2014
"We do not comment on the origin of crude oil being imported by the private refineries in Israel," an Israeli energy ministry spokeswoman said.
June 19, 2014
The lion's share of public R&D funding -- 38 percent -- is allocated to universities, followed by the defense industry at 24.5 percent and industrial production and technology at 16 percent.
The company said it was on track to return to earnings growth next year.
Payments firm Visa revealed that GCC travellers to Brazil spent over $500,000 on their Visa accounts during the first four days of the FIFA World Cup from June 12- 15.
“Amman is full of beautiful sites, and this trip will provide people with a great opportunity to get a closer look at them,” he told The Jordan Times over the phone.
The OECD estimates Israel's black economy at NIS 70 billion in 2012.
POSCO, one of the largest steelmakers in the world, signed a memorandum of understanding (MOU) to explore new business opportunities with Saudi Arabia’s sovereign fund, the company said Wednesday.
Business is already preparing for barriers preventing trade with one of the region’s biggest potential markets to be brought down.
The statistics also revealed that a product bought for 100 euros in EU countries can be purchased in Turkey for the equivalent of 58 euros.