The report reveals that GCC projects spent $7.2bn on interiors and fit-outs in 2012 and expects spends to increase by more than a quarter (28%) to $9.2bn in 2013. The report included an analysis on the four pillars of the real estate sector - commercial, hospitality, residential and retail - and stated that that interior spends now account for 10 to 20% of total costs of GCC projects.

The Saudi demand for interiors and fit outs surpassed the UAE's in the last quarter of 2012 and now has a share of 38% on the back of heavy government spending nudging ahead of the UAE's 36%. Kuwait and Qatar...

The group's delegation will meet with events, meetings and congress organizers at IMEX to promote its six properties namely City Seasons Al Hamra Hotel, City Seasons Hotel Dubai, City Seasons Suites Dubai, City Seasons Hotel Al Ain, City Seasons Hotel Muscat and the Royal Rose Hotel in Abu Dhabi, scheduled to open by September 2013.

A world class provider of international hospitality standards, City Seasons Hotel Group offers a consistent level of comfort to both corporate and leisure travelers. The properties are situated in prime locations, providing superb facilities for family holidays,...

The incentive, which comes to the UAE capital with support from the Advantage Abu Dhabi programme operated by Abu Dhabi Convention Bureau, is delivering 930 room nights.

The four day incentive, which runs until Thursday, is being held at The St. Regis Saadiyat Island Resort.

Openwork says it's excited about staging its 2013 annual business convention in Abu Dhabi.

"As the UK's leading financial advice business, with over 2,300 advisers, our 150 leading advisers attend our convention each year. We have travelled the world in the last 40 years and are delighted to be in such...

Hatim Natto of Mountain Dew Saudi Gear Racing finished among the top three despite mechanical problems in the final round of the Drift UAE Championship at the Yas Marina International Circuit, sharing the podium with two other Saudi teams.

The young captain of the Mountain Dew Saudi Gear Racing team was happy with his dramatic third-place finish despite a series of mechanical"...

The rating is supported by the very strong capital adequacy and, notwithstanding a high rate of non-performing loan accretion in 2012, good overall asset quality, as well as the more than full loan-loss reserve coverage.

Although profitability at the net level has declined due to increased loan-loss provisioning, it remains satisfactory at the operating level and therefore profitability is not a constraining factor for the rating.

The same applies to liquidity, although lack of disclosure of the level of deposits by non-bank financial institutions produces liquidity ratios that...

Having many firsts to its credit, Geely Emgrand X7 is the first SUV to have received the 5+ star rating in the China - New Car Assessment Program (C-NCAP) test which adds on to Geely's entire range of cars that already have 5-star rating.

In this prestigious test, the Emgrand X7 outshone several leading international joint venture models and many best-selling SUVs and class-B cars. Emgrand X7 is also the first SUV to have '6+1' air bags configuration, where 6 include conventional front, side and curtain air bags and 1 is the KABs (knee airbags). This feature is not seen in models of the...