What is the risk level of COVID-19 in the Middle East’s foodservice industry?

What is the risk level of COVID-19 in the Middle East’s foodservice industry?

In the Middle East, foodservice companies traded on stock exchanges seem to be less exposed by comparison, but short-term liquidity is the biggest risk factor.

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All eyes on 2021

All eyes on 2021

With many pinning their hopes on tourism recovery in 2021, we ask Abdul Kader Saadi, managing director at Glee Hospitality, what he believes lies ahead for the hospitality industry.

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Investment Update: Hotels, Restaurants and New Hotel Projects

Investment Update: Hotels, Restaurants and New Hotel Projects

It’s been a tough time for investors. Abdul Kader Saadi, managing director and owner of Glee Hospitality Solutions, talks about the challenges facing new projects and those signed pre COVID-19.

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‘AHIC on the Road’ to take place virtually and onsite

‘AHIC on the Road’ to take place virtually and onsite

Attendees will be able to create their personalized schedules, choosing the sessions and activities they would like to attend either virtually or on- site.

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The region to kick-start sustainable investment in the hospitality sector

The region to kick-start sustainable investment in the hospitality sector

ATM Virtual concluded on Wednesday 3rd June 2020, a total of 18,959 registrations from 152 countries were recorded, including 490 media

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Qatari investor acquires The Ritz London

Qatari investor acquires The Ritz London

The hotel will remain closed due to the Covid-19 pandemic, and will reopen its doors as soon as it is safe.

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Chinese Huazhu Group buys German Steigenberger hotels from Egyptian entrepreneur

Chinese Huazhu Group buys German Steigenberger hotels from Egyptian entrepreneur

Egyptian tourism entrepreneur Hamed El Chiaty’s Travco Travel has bought the group from the Steigenberger family in 2009.

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New IFC fund to boost tourism in Egypt

New IFC fund to boost tourism in Egypt

This goes in line with Egypt’s ministry of tourism aims to establish a private equity fund targeting financially impaired hotels and tourism establishments.

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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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