Agreement between DCT Abu Dhabi and Miral to generate USD 23 million economic impact

Agreement between DCT Abu Dhabi and Miral to generate USD 23 million economic impact

Significant funds from – Ghadan 21 – were allocated to the tourism sector, with DCT Abu Dhabi launching a USD 163 million ‘mega events fund’.

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F&B Funding: An appetite for growth

F&B Funding: An appetite for growth

Raising capital to fund future development is pivotal in securing the future success of a company, including food and beverage (F&B) industry players. Nagi Morkos, managing partner at Hodema consulting services, ‘shows us the money’

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Arabian Hotel Investment Conference 2019 synchronized for success

Arabian Hotel Investment Conference 2019 synchronized for success

AHIC 2019, launching on April 9 till the 11th will feature 100 speakers from around the world who are expected to attract more than 900 delegates in total. This year’s theme has been curated around the topic titled, ‘Synchronized for Success’. The program will uncover innovative approaches to business, analyze market...

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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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