Regions
UAE hoteliers at odds over price ceiling mechanism for business
Hoteliers in UAE are in conflict as to the recommendation to impose a price ceiling on hotel rates. A hotelier in Dubai had called for the UAE tourism authority to introduce a ceiling on hotel rates to control the market.
Warburg Pincus to exit from Transpacific stake
Warburg Pincus sold its ownership stake in Transpacific Industries Group at AUD1.05 per share. On Saturday, a Transpacific Industries Group spokesperson said the shareholder Warburg Pincus would be selling its stake in the waste management firm through UBS.
National Bank of Abu Dhabi set to expand internationally
NBAD Group CEO Alex Thursby identified seven highly urbanized cities where the bank would set up its operations.
Despite inflation, Diwali is a time to spend and celebrate
Diwali, the Indian festival of lights, have caused Indians to loosen purse strings despite high inflation.