Category Archives: Top Markets

Middle East hotels turn in mixed results in October

Related Articles JEDDAH: Middle East hotels in October turned in mixed results across key performance indicators, industry tracker STR said in its latest report on the region’s hospitality sector.The STR report likewise noted year-on-year improvements in Africa’s hotel business, noting ...

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EU lifts Britain out of deficit sin bin

Related Articles BRUSSELS: The EU said Wednesday it would end its special budget supervision for Britain after almost a decade, saying London had reduced its excessive deficit enough to fall within the bloc’s public spending rules.The news from Brussels will ...

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Air China suspends flights to North Korea

Related Articles BEIJING: Air China has suspended flights to North Korea, further limiting the secretive state’s links with the outside world, in what the government said was a business decision with no political motives.The suspension comes shortly after US President ...

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Arabtec unit wins Emaar Downtown Dubai tower

LONDON: The UAE-based contractor Arabtec’s wholly-owned subsidiary Target Engineering Construction has won a 950 million dirhams ($ 258.6 million) contract for the second phase of an Emaar residential development in Downtown Dubai. The Forte project is a two-tower development with ...

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Technology vital for smooth introduction of VAT

LONDON: Technology and innovation will be a critical factor to ensure the smooth rolling out of value added tax (VAT) on most goods and services in Gulf Cooperation Council countries, according to a PwC report published on Tuesday. Saudi Arabia’s ...

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Ratings boost for Saudi reform program

Related Articles LONDON: Political reforms in Saudi Arabia have potentially lifted the country’s appeal to investors, as well as widening opportunities for Saudi citizens, according to a report out today from New York-based credit ratings agency Standard & Poor’s.With that ...

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Airbus gets US, European certification for A350-1000 aircraft

Related Articles PARIS: Airbus said Tuesday that its A350-1000 widebody aircraft had received certification from US and European aviation authorities, clearing the way for its delivery and entry into service.A longer version of the Airbus A350-900, the twin-engine plane can ...

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Oil up on ongoing OPEC cuts, but rising US output weighs

Related Articles SINGAPORE: Oil prices rose on Tuesday, supported by expectations of an extended OPEC-led production cut, although rising output in the United States capped gains.Brent crude futures were at $ 62.51 per barrel at 0807 GMT, 29 cents, or ...

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