Delivery Hero buys Zomato in the UAE

Delivery Hero buys Zomato in the UAE

The acquisition will add 1.2 MM monthly orders and c. USD 2 MM monthly revenue to Delivery Hero’s MENA business and will strengthen its leadership position in the UAE. The acquisition will be fully funded by an acquisition facility.

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IHG acquires luxury Six Senses Hotels Resorts Spas for USD 300 million

IHG acquires luxury Six Senses Hotels Resorts Spas for USD 300 million

Today’s acquisition takes IHG’s portfolio of open and pipeline luxury hotels to 400 hotels (108,000 rooms) globally.

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Abu Dhabi’s Twenty14 Holdings acquires Swiss InercityHotel at Zurich Airport

Abu Dhabi’s Twenty14 Holdings acquires Swiss InercityHotel at Zurich Airport

This is Twenty14 Holdings’ second property to be operated by Deutsche Hospitality.

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PWC: Cyprus is as an attractive destination for businesses and investors

PWC: Cyprus is as an attractive destination for businesses and investors

A growing number of Lebanese entities have been using Cyprus as a home base for their outbound investments into Cyprus, the European Union or elsewhere in the world.

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USD 68 million in bank guarantees of Dubai tourism companies to boost industry investments

USD 68 million in bank guarantees of Dubai tourism companies to boost industry investments

Dubai Tourism seeks to directly benefit over 2,000 travel and tour operators and agencies in Dubai.

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Agritech startup Pure Harvest Smart Farms launches high tech greenhouses

Agritech startup Pure Harvest Smart Farms launches high tech greenhouses

Pure Harvest is now preparing to launch a USD 10 million fundraising for its expansion within the UAE and the KSA in early-2019.

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Jabbar Internet Group cofunds NYC-based hospitality startup Blueground

Jabbar Internet Group cofunds NYC-based hospitality startup Blueground

Blueground provides premium rental properties with high-end furnishing to business professional and individual renters

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Hyatt acquires Two Roads Hospitality for USD 480 million

Hyatt acquires Two Roads Hospitality for USD 480 million

Two Roads Hospitality is an international lifestyle company encompassing a collection of 85 properties in eight countries.

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UAE agriculture startup Pure Harvest gets USD 1.5 million from MBRI Fund

UAE agriculture startup Pure Harvest gets USD 1.5 million from MBRI Fund

The startup focuses on the production of greenhouse fruits and vegetables in arid climates using world-leading Dutch hydroponics and climate management technologies.

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