Morgan Stanley expands Middle East operations
• the intention to submit a licence application to the Qatar Financial Centre Regulatory Authority, with a view to establishing an office in the Qatar Financial Centre. • the appointment of May Nasrallah as head of Morgan Stanley’s Investment Banking Division for the Middle East and North Africa region. Ms Nasrallah will be relocating to [...]
Unified GCC economy can attract more investments
DUBAI — A unified Gulf Cooperation Council (GCC) economy will attract more foreign direct investments (FDI) and create more opportunities for investors within the GCC region, said Dr Mohammed Khalfan bin Kharbash, UAE’s Minister of State for Financial and Industrial Affairs at the Gulf Wealth Forum yesterday. Addressing the delegates of the Gulf Wealth Forum [...]
Dubai Hotels Maintain Vibrant Growth
Dubai’s booming hospitality industry is maintaining its vibrant growth tempo with the emirate’s ever-expanding portfolio of hotels and hotel apartments posting impressive room occupancies since December 2005 after closing the three quarters of the 2005 with the highest occupancy rate of 86 % and world’s highest revenue per available hotel room (RevPar). The Dubai Department [...]
UAE economy logs record growth
Dubai: The UAE’s gross domestic product (GDP) increased from Dh259.2 billion in 2000 to more than Dh459.3 billion in 2005 and scored record growth, Mohammad Khalfan Bin Kharbash, Minister of State for Financial and Industrial Affairs, said yesterday at the opening of the two-day Gulf Wealth Forum. “The UAE will support all GCC efforts to [...]
Hard Rock Cafe plans Dubai hotel launch
Dubai: Plans are underway to expand the Hard Rock Cafe brand in Dubai including a possible Hard Rock Hotel in the heart of the city. President and CEO of the chain, Hamish Dodds, says he is currently in Dubai searching for the proposed hotel’s ideal location. “Due to developments here it seems a natural move,” [...]