The number of Indian tourists traveling to the CCG is expected to increase 81 percent from 5.4 million in 2018 to 9.8 million in 2024, according to the latest report by Colliers International. The report, which was made in conjunction with Arabian Travel Market (ATM) 2020, predicts that more than 20 percent of India’s total…
The newly appointed president of the Lebanon Investment Development Authority (IDAL) has declared that the country is open to new business. During a panel session at the Arab Entrepreneurs and Investors Conference (ABIC) in Bahrain, said “You can sell human resources, Lebanese talent, Lebanese entrepreneurship. Lebanon is an outsourcing center for technology companies and there…
Saudi Arabia has approved the initial public offering (IPO) of the state-owned oil company Saudi Aramco. Only 1% to 3% of the company’s total will be launched to the Saudi stock market. But the large group size, which is estimated to be at least 50% larger than the next largest listed company in the world,…
IAG, the parent company of Iberia and British Airways, agreed to buy the Spanish airline Air Europa for one billion euros in a measure that, it says, will strengthen Madrid’s position as an European Hub. It will be the third Spanish brand of the airline group, behind the low-cost Vueling airline brand. In a statement…
Hilton has announced plans for a big expansion of its Hampton brand in the EMEA region, following an agreement with franchise operator Alshaya Group. The agreement includes new 70 Hampton by Hilton properties in nine countries in the Middle East, North Africa, Turkey and Russia. The first one is expected to open in Kuwait in…
President´s Brazil Jair Bolsonaro’s upcoming visit to Saudi Arabia demonstrates Brazil’s interest in strengthening economic cooperation and maintaining high-level relations with one of the world’s leading countries. The visit will contribute to the expansion of Saudi investments in Brazil, in sectors such as infrastructure, defense, innovation, energy and agribusiness, as well as encourage Saudi participation…
Visa, the global digital payment firm, has designated international property developer Sweid & Sweid to build its new headquarters in Dubai. The building to service operations in the Central and Eastern Europe, Middle East and Africa (CEMEA) region of the company will increase capacity to more than 500 employees. The HQ project is on its…
Expo 2020 Dubai starts in exactly 12 months: here is everything you need to know about “the best show in the world”. 192 countries Six months. One year to the end. Expo 2020 Dubai is the most anticipated project in the city with 192 participating countries and lasting 6 months. The account has already started…
How much have the Saudis invested in Silicon Valley? Billions of dollars. In the past five years, Saudi investors have participated directly in investment rounds totaling at least $ 6.2 billion. Since the exact composition of each round is not public, it is not possible to say how much of this money came directly from…
Nowadays it’s time for serious economic challenges and deep political uncertainty, revitalizing the integration agenda of the Arab world may seem like an impossible dream. The Arab world has a massive endowment of natural resources and a total GDP of $ 2.5 billion. The region is very diverse in its distribution of wealth and levels…
