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Abu Dhabi hotels record 6% rise in guest numbers in June

ABU DHABI / WAM The latest figures released by the Department of Culture and Tourism — Abu Dhabi (DCT Abu Dhabi) for the emirate’s hospitality sector show the number of hotel guests staying in Abu Dhabi in June rose by 6 percent compared to the same month last year, driven largely by growing number of visitors from Saudi Arabia and ...

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Nasdaq Dubai set to launch futures trading of 12 Saudi companies

DUBAI / WAM Nasdaq Dubai on Tuesday announced the names of 12 Saudi Arabian companies on which the exchange will launch equity futures in September. The 12 companies are some of the Middle East’s largest businesses, active in sectors from real estate and petrochemicals to banking and transport. Their combined market capitalisation is SR859 billion ($229 billion), representing 43 percent ...

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Opposition claims big lead in Zimbabwe presidential vote

Bloomberg Zimbabwe’s main opposition party said it was well ahead in the first election of the post- Robert Mugabe era and it’s ready to form the next government, as unofficial results began streaming in. With official tallies set to start being announced on Tuesday afternoon, the focus now shifts to whether the vote was credible and the results are accepted, ...

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