TRI Hospitality Consulting conducted a HotStats survey which showed that UAE hotels had excellent improvement in performance in all the relevant indicators in January of 2012. The strong performance was partly attributed to increased tourism for the Dubai Shopping Festival. According to the survey Dubai hotels outperformed the other MENA markets by a wide margin.… Continue Reading
Tag Archives: Cairo
Khalil Release
BBC journalist Shaimaa Khalil was released after being held for 20 hours at an Egyptian military base and then on to a military prosecutor’s office. According to a BBC News Article from yesterday, it remains unclear whether or not she will “face further action by the authorities.” At this point also, no-one is quite sure… Continue Reading
Egypt to Borrow $4 Billion from Saudi Arabia
Tantawi Announces Loan from Saudi Allies Field Marshal Mohamed Hussein Tantawi of Egypt told the official Egyptian press agency, MENA on Saturday that Saudi Arabia will lend Egypt emergency monies in the amount of $4 billion. Tantawi, who is the head of Egypt’s ruling military council said, “The $4bn will be distributed in the form… Continue Reading
Unrest in Egypt Continues While Sudan Strengthens Ties There
Nearly a month after the fall of President Hosni Mubarak of Egypt, violence escalated once again on Tuesday as Christians and Muslims fought each other in the capital city of Cairo. Thousands of Christians gathered in two separate locations in Cairo to protest what they perceive as persecution and discrimination by the country’s Muslim majority.… Continue Reading