Recent Business News

Omani Hotel Guests in Dubai Rise 12% in H1 2014

Hotels in Dubai welcomed 163,000 visitors from Oman during the first six months of 2014, a 12 per cent increase compared to the same period last year. Guest numbers from Oman are also estim...Read more

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UAE Investor Signs Agreement For $120 Million Hotel Project in Antigua

Antigua Prime Minister Gaston Browne has signed a memorandum of agreement with Sheikh Tariq bin Faisal Al Qassimi on a $120 million hotel project, the government announced. The agreement wi...Read more

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Citymax Hotels to add 700 rooms in UAE by 2017

Citymax Hotels, a UAE-based mid-market brand, is set to add 700 hotel rooms in the country by 2017 with three new projects currently under development. The new hotels will reflect similarit...Read more

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Dubai highlights growing importance of halal meat imports

Based on a recent study by Thomson Reuters, in collaboration with Dinar Standard, the report stated that the overall halal food and beverage market was worth US$1.1 trillion last year, while...Read more

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Dubai's Abraaj said to near deal for Saudi fast food chain

Dubai-based private equity firm Abraaj Group and US buyout firm TPG Capital are reportedly closing in on a deal to buy a majority stake in Saudi Arabian fast-food chain Kudu. Bloomberg cite...Read more

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Dubai Chamber says global halal market at US$1.1tn

 The halal food and beverage market is becoming increasingly popular worldwide and has grown to a US $1.1 trillion industry in 2013, according to the latest research by Dubai Chamber of...Read more

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FutureFood 2050 explores solutions for Africa's food security challenges

COINCIDING with the 2014 U.S.-Africa Leaders Summit from 4-6 August, the U.S. is hosting the latest FutureFood 2050 interview series which seeks solutions as to how Africa can overcome its p...Read more

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Fast food firm to build Dubai factory to aid expansion plan

International franchiser Doner Kebab has announced plans to invest AED20 million to open 12 new outlets in Dubai this year. The company said in a statement that it is also building a factor...Read more

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Let's eat! UAE food news on a plate

Greg Malouf’s Dubai restaurant coming soon   Michelin-starred Australian-Lebanese chef Greg Malouf’s first restaurant in Dubai will open in the fourth quarter of this year...Read more

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Germany's Doner Kebab To Invest Dhs20m In Dubai Expansion

German-based fast food chain Doner Kebab said that it is investing up to Dhs20 million to open up to 12 new outlets in Dubai this year.   The company, which entered the GCC two years ...Read more

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Halal food and beverage market set to jump to USD1.6trn by 2018

 The global halal food and beverage (F&B) market is forecast to grow from $1.1 trillion in 2013 to $1.6 trillion by 2018 at a compound annual growth rate (CAGR) of around 6.9 per ce...Read more

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GLOBAL GULF FZE participating at FOOD Exhibition in East Africa

Vita Global Gulf FZE, associated with various Multi National Companies having business interests in wide segments; is to have sustainable    competitive advantage in the market k...Read more

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Saudi Agro-Food 2014 to throw the spotlight on latest industry trends

With the consumers reaping the benefits of Saudi Arabia’s ongoing economic growth, the outlook for the consumer sector remains bright. Recent industry reports have highlighted the trem...Read more

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