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With a view of earth: Lunar hotel opens bookings on the moon
January 17th, 2026 - 03:49 GMT
Osama Ali

Osama Ali

With a view of earth: Lunar hotel opens bookings on the moon

ALBAWABA — A U.S.-based startup says it has begun accepting $1 million advance reservations for what it plans to be the first hotel on the Moon, targeting an opening date of 2032 in a move that could redefine luxury travel and space tourism. The company, Galactic Resource Utilization (GRU), said prospective guests must place a seven-figure deposit to secure a spot among the inaugural visitors. GRU describes the project as ...
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The country has run through more than $20bn in reserves, borrowed billions from abroad and delayed payments to oil companies to support its currency since its popular uprising in early 2011 (Getty images).
August 6th, 2013 - 10:36 GMT

Thanks to Gulf States, Egypt Foreign Reserves Highest in 20 months

Mosaic's cash investment is expected to be up to $1 billion, funded over a four-year period beginning in 2013.
August 6th, 2013 - 10:05 GMT

American Firm to own 25% of Giant Saudi Phosphate Joint Venture

The extra charge will be used to offset the operational expenditure incurred by the merchant and the acquirer.
August 6th, 2013 - 07:11 GMT

Surcharge decided on Visa usage in UAE petrol stations

The initiative aims to shape a new learning environment in public schools through the launch of "smart classes’ that will provide every student with an electronic tablet and access to high-speed 4G networks by 2017.
August 5th, 2013 - 11:01 GMT

One hundred new schools to take part in Smart Learning Programme

The Sharjah-based energy producer reported net income for the second quarter of Dh100 million, a decline of 44.7 per cent compared with the corresponding period last year.
August 5th, 2013 - 10:31 GMT

Dana Gas net profit plummets to half in the second quarter

The new law will come into force six months from the date of issuance and is part of a number of legislative developments designed to install international best practices and further enhance the economic development of Kuwait, said a press release from DLA Piper.
August 5th, 2013 - 07:47 GMT

New groundbreaking law set to attract Foreign Direct Investments to Kuwait

The suspects had lured 400 individuals into investing in a non-existent project which they alleged will generate ⠀˜high returns’.
August 5th, 2013 - 06:47 GMT

Ponzi scheme pair: Father and son accused of defrauding USD 27 million in the UAE

Dubai will have its own chapter of the World Entrepreneurship Forum with the aim of promoting entrepreneurial idea exchange and networking in the region, the Department of Economic Development in Dubai announced yesterday.
August 5th, 2013 - 06:35 GMT

Dubai: first Middle Eastern city to host the World Entrepreneurship Forum

Year-on-year credit growth was as high as 19.4 per cent in the first half of 2012, which market experts expect to stay in the single digits this year.
August 4th, 2013 - 12:52 GMT

Regulatory restrictions lead to decline in retail loans in Oman

Saudi Arabia's construction sector has been hit the hardest by its ongoing correction to visa statuses affecting the country's expatriate workers.
August 4th, 2013 - 12:25 GMT

The heavy price of reconstructing the demographics of Saudi Arabia's construction sector

Glass demand is an excellent reflection of a country’s per-capita growth
August 4th, 2013 - 11:19 GMT

GCC glass industry set for unprecedented growth

Whilst the growth in number of tourists was impressive, the actual number could be even higher
August 4th, 2013 - 11:06 GMT

Australian travellers to the sultanate rise by 71.2%

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