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Wed, 07 Jan 2009 | 17:04 GMT
 
Top Travel & Tourism News

  • Nathalie Criniere To Design Louvre Abu Dhabi


    Agence France-Museums, in partnership with Abu Dhabi's Tourism Development & Investment Company announced that the firm of Nathalie Criniere has been selected to create the exhibition design for the Louvre Abu Dhabi, one of the five major institutions being planned for Abu Dhabi's Saadiyat Island Cultural District. Press Release - 07Jan 12:37GMT
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  • Qatar's Shopping Festival fun-fare cancelled


    The organisers of Al Sharq, Al Arab and The Peninsula Shopping Festival have cancelled the entertainment programme which was to take place alongside the 4th and final draw tomorrow to express solidarity with the people of Gaza who have been subjected to Israeli attacks for the past 11 days. The Peninsula - 07Jan 06:25GMT
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  • UAE Tourism Agencies Hit by Stiff Penalties


    A number of tourism agencies in UAE have been hit by stiff penalties for violating visa rules that are aimed at preventing people from entering or staying in the country illegally, said a top Ministry of Interior official. Khaleej Times - 07Jan 06:09GMT
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  • Carlton plans expansion in UAE with Abu Dhabi hotel


    US-based Carlton chain of hotels is studying expansion possibilities in the UAE through the construction of a five-star hotel and resort in Abu Dhabi this year. Emirates Business 24/7 - 07Jan 06:08GMT
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  • Sharjah likely to revise hotel rates to attract tourists


    The Sharjah Commerce and Tourism Development Authority (SCTDA) said yesterday it is in discussions with Sharjah hoteliers to revise downwards room rates in order to increase occupancy levels amid the ongoing economic crisis. Emirates Business 24/7 - 07Jan 05:57GMT
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  • SCTDA discusses strategies to minimize impact of economic crisis


    The Sharjah Commerce and Tourism Development Authority (SCTDA) has developed the necessary strategies to support the emirate's tourism sector in the face of challenging economic conditions to ensure constant tourist inflow into the emirate and continuous tourist infrastructure development. Press Release - 06Jan 11:58GMT
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  • Wailing Shiite pilgrims throng holy Iraq city


    Shiites in their hundreds of thousands crowded the streets of Karbala on Tuesday, many beating their own backs with metal chains as the annual Ashura ceremonies began building towards a peak. AFP - 06Jan 10:17GMT
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  • Samarah Dead Sea Resort makes progress


    Emaar International Jordan, the subsidiary of Emaar Properties and developer of Samarah Dead Sea Resort, has made progress on the construction of Samarah Dead Sea Resort. Press Release - 06Jan 09:19GMT
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  • New Hotel Manager appointed at Hilton Nuweiba Coral Resort


    Hilton Hotels announced the appointment of Gilaine Guirguis as Hotel Manager at the Hilton Nuweiba Coral Resort. Press Release - 06Jan 08:52GMT
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  • New Director of HR appointed at the Towers Rotana Dubai


    Towers Rotana Dubai has recently appointed Nicoleta Cucos as the new Director of Human Resources. Press Release - 06Jan 07:53GMT
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Fit for a King

Established by the Kingdom Holding Company in 1995, Kingdom City is a residential compound consisting of 333 units that accommodate 80,000 residents and 250,000 visitors. Kingdom City also offers heath, sports and recreational facilities.
 
 
 
 
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UAE
'09 Rebound
The spreading gloom about the global economy in the last quarter of 2008 affected Dubai's tourism sector, otherwise it would have been a remarkable year for the city's holiday trade.
 

 
UAE
Dubai Cancels New Year Celebrations
Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has ordered the cancellation of all forms of celebrations marking the New Year in Dubai emirate, as an act of solidarity with the Palestinian people.
 

 
UAE
A Slow Start
The Global Village is this year set amid the backdrop of a dark and gloomy economic downturn. Stall owners say visitor numbers are down and that people are spending less ahead of an uncertain 2009.
 
Company Ranking
Ranked by Market Cap 
Based on yesterday's close
| No. of Employees | Total revenue
  Company Country Market
Capital
($mil)
1 Kuwait Food Company Kuwait 1,503
2 Abu Dhabi National Hotels UAE 988
3 IFA Hotels and Resorts Kuwait 920
4 Orascom Hotels and Development Egypt 700
5 Orascom Hotel Holdings Egypt 329
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