February 15th, 2019 | 0 commentsTransOceans Tours (TRTO) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2018, and ending December 31, 2018. The company posted net profits of LE1,929,164, versus net profits of LE1,334,360 in the same period a year ago. -Arab Finance
February 14th, 2019 | 0 commentsAir Arabia has reported a net profit of AED 26 million during the fourth quarter of 2018. The UAE-based carrier’s revenue rose 20% year-on-year to AED 858 million in Q4-18, according to the Emirates News Agency (WAM). “Air Arabia’s fourth quarter and full year results remain fundamentally strong. Driven by the carrier’s network expansion...
February 12th, 2019 | 0 commentsEtihad Airways Engineering on Monday announced that it has signed a memorandum of understanding (MoU) with TARMAC Aerosave, an industrial group specialising in aircraft maintenance, storage and recycling. Under the deal, both companies will identify and jointly pursue opportunities to develop, explore, support and extend Part 145 maintena...
February 6th, 2019 | 0 commentsJazeera Airways has introduced self-check-in kiosks at its Terminal 5 (T5) at Kuwait International Airport (KIA), according to a statement on Tuesday. Kuwait's leading low-cost airline operating regionally and internationally has launched these self-check-in booths in addition to a series of services and new offerings that help and add va...
February 4th, 2019 | 0 commentsUAE-headquartered Seven Tides on Sunday announced that it has appointed Spanish Barceló Hotel Group to manage its five-star DUKES Dubai, located on the west trunk of Palm Jumeirah. The hotel will be rebranded to become the first property in the region under the Royal Hideaway Luxury Hotels & Resorts brand, which features unique and ex...
January 23rd, 2019 | 0 commentsThe Hamad International Airport’s phase two expansion plan, which was launched last year, will enable the airport to accommodate more than 53mn passengers annually by 2022. Phase two of the expansion plan marks a “key development in the airport’s growth and in Qatar’s transportation and communications sector,” HIA said Tuesday. In additio...
January 21st, 2019 | 0 commentsWyndham Hotels and Resorts, an international hotel and resort chain based in the US, is planning to expand in Dubai through building three hotels over the coming two years. The addition of the new developments, which will be situated along the Dubai Creek in the southern part of Deira, will provide a further draw to domestic and internati...
January 17th, 2019 | 0 commentsEtihad Airways has launched the world’s first commercial flight, Boeing 787 plane, using locally produced sustainable fuel. The flight from Abu Dhabi to Amsterdam marks a major milestone in the development of clean, alternative aviation fuel, Arabian Business reported, citing the Sustainable Bioenergy Research Consortium (SBRC), a non-pro...
January 14th, 2019 | 0 commentsFairmont Hotels & Resorts, a subsidiary of AccorHotels, on Sunday announced inaugurating its first facility in Saudi Arabia under the name Fairmont Riyadh. Marking its 26th hotel in the Middle East and Africa (MEA), the new hotel will offer 298 rooms, including 40 suites. Designed by LW Designer Group, the new hotel, which is close to...
January 10th, 2019 | 0 commentsAbu Dhabi National Hotels (ADNH), listed on the Abu Dhabi Securities Exchange (ADX), has signed an AED 1.6 billion term loan facility with First Abu Dhabi Bank (FAB). The loan facility will be used to finance the acquisition of hotel properties in Dubai, the company said in a statement to the ADX. In November, Emaar Hospitality, the hospi...
