Gulf Capital Announces The Sale Of Destinations Of The World To Webjet Limited, A World Leader In B2B Travel, For US$173 Million, Resulting In An IRR In Excess Of 15% (5 November 2018)
Gulf Capital, one of the largest and most active alternative asset management firms in the Middle East, is pleased to announce that it has entered into an agreement to sell Destinations of the World ("DOTW") to Webjet Limited ("Webjet").
Mobile Subscription Base Expands To 18.4 Million (5 November 2018)
The subscription base in UAE mobile phone services expanded to 18.4 million subscribers, according to figures released by Etisalat and du.
Non-Resident Deposits Outstrip Loans By AED63 bn (5 November 2018)
Non-resident deposits across the UAE’s banking system reported solid growth during the first nine months of the year, with their growth outstripping retail loans provided to non-residents by AED63 bn by the end of Q3.
Ras Al Khaimah Records Double Digit Growth In International Visitors In First Three Quarters Of 2018 (5 November 2018)
Ras Al Khaimah Tourism Development Authority (RAKTDA), the government body that develops the emirate’s tourism infrastructure and initiates its domestic and overseas promotions, today announced its consolidated results for the first three quarters of 2018.
Sharjah Chamber Explores Cooperation With Sheraa (5 November 2018)
The meeting, which recently took place at the SCCI’s headquarters, was also attended by HE Waleed AbdelRahman BuKhatir, Second Vice Chairman of the SCCI; and HE Mohamed Rashid Ali Demas, Board Member of the SCCI.
Zayed Sustainability Prize Judges Select 10 Winners (5 November 2018)
The jury for the Zayed Sustainability Prize met on Sunday to select the 10 winners of the 2019 awards, across its five categories. The winners will be announced at the Prize’s annual award ceremony, on 14th January 2019, during Abu Dhabi Sustainability Week, ADSW.
Ajman Police Lighting Project Reduces Crime Rate By 64.3% In 2018 (4 November 2018)
A lighting initiative implemented by the Ajman Police has contributed to reducing the crime rate in the emirate by 64.3 percent in 2018 as compared with last year.
Arnaus Goes Wire-To-Wire At Ras Al Khaimah Challenge Tour Grand Final (4 November 2018)
Spaniard Arnaus, who earned his 2018 European Challenge Tour card by winning both the Alps Tour Grand Final and the Alps Tour Order of Merit in 2017, carded his fourth consecutive under par round of the week to finish the tournament at 17 under par 271.
At WTM, ATDD Builds On Astounding 13% Increase In Number Of Hotel Guests In Ajman (4 November 2018)
Ajman Tourism Development Department (ATDD) is taking part in the World Travel Market (WTM) in London from November 5th to 7th, showcasing the attractions and destinations that are drawing an increasing number of tourists to the emirate.
Positive Economic Performance In Abu Dhabi During Q2 (4 November 2018)
The results of the macroeconomic and sectoral indexes reflect a positive economic performance in Abu Dhabi, particularly at the level of non-oil activities, during Q2 of 2018, confirming rising levels of investor confidence and business optimism about the emirate’s economic outlook.
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