Eye on the F&B’s investment landscape post COVID-19
If the pandemic is controlled at the beginning of 2021, investment flow will resume towards the new business models.
Minor Hotels acquires a 10 percent stake in Global Hotel Alliance
Minor Hotels have been longstanding members of the GHA since 2007.
CityCenter sells Mandarin Oriental Las Vegas for USD 214 million
CityCenter is jointly owned by a wholly owned subsidiary of MGM Resorts International and Infinity World Development Corp (a wholly owned subsidiary of Dubai World).
Louvre Hotels’ Amine Moukarzel highlights the global shift impacting the MENA region
Challenges are numerous as we progress in certain cities with new projects whereby the cost of construction is key.
USD 1 billion joint sustainable hospitality fund launched by Katara Hospitality and Accorhotels dedicated to Sub-Saharan African countries
It will target greenfield projects, brownfield projects and conversions of existing hotels through acquisitions, in a region which offers robust growth opportunities.
Vis Mundi increases its share in EgySwiss, a large Egyptian FMCG firm
gySwiss is an Egyptian market leading company in high-quality processed meat, fish and poultry.
The Revival of Egypt’s Tourism Industry
Karim Khalife, partner at Y2 Consulting, sheds light on the country’s much-anticipated revival
Tehran Dawn of a New Era
Ralph Nader, CEO of Amber Consulting, offers a comprehensive analysis of business and investment opportunities in Tehran’s hospitality sector
CityCenter, partially owned by a Dubai World subsidiary to sell the Mandarin Oriental Las Vegas
CityCenter, which is 50 percent owned by a wholly owned subsidiary of MGM Resorts International and 50 percent owned by Infinity World Development Corp (a wholly owned subsidiary of Dubai World.
Mega projects launched in Sharjah
H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has unveiled three ground-breaking real estate projects for the emirate. Valued at USD 735 million, the three projects are the result of a joint venture between the Sharjah Investment and Development Authority, Shurooq, and...