DUBAI / Emirates Business Key players in Dubai’s tourism industry came together to mark the city’s milestone achievement of reaching 100,000 rooms across its expanding hotel and hotel apartment inventory following the soft opening of The Westin Dubai, Al Habtoor City. In attendance were His Excellency Helal Saeed Almarri, Director General of Dubai’s Department of Tourism and Commerce Marketing ...

  Dubai / Reuters The performance of banking shares weighed on Saudi Arabia’s market index on Sunday after the largest listed bank reported profits below analysts’ expectations, while indexes for other markets in the region also fell. Riyadh’s index fell 1.1 percent as National Commercial Bank (NCB) tumbled 5.6 percent after reporting a third-quarter net profit of 1.96 billion riyals ...

  Dubai / Reuters Saudi Arabian companies already grappling with the effects of low oil prices and government austerity measures face a fresh challenge from new accounting standards that could provide windfall gains for some but saddle others with higher charges. As part of efforts to bring the Saudi stock market into the global investing mainstream, the Capital Market Authority ...