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‘Negative publicity from CWG could hit Emaar India operations’
Negative publicity relating to readiness and fitness of the Village in New Delhi is likely to impact the Indian joint-venture of Dubai-based Emaar Properties, a news report here has said, quoting official documents.
Dubai’s Emaar to issue convertible notes
Dubai’s giant developer Emaar Properties, which built the world’s tallest tower, will issue up to 500 million dollars in convertible notes, pending approval by shareholders, the company said.
First Hotelier Great GM Debate hailed a success
The inaugural Hotelier Middle East Great GM Debate was lauded by some of the region’s top hoteliers on Wednesday. Held at the Jumeirah Beach Hotel, the event provided workshops for GMs with feedback sessions and panel discussions. Plans are already in place to take the event to Saudi Arabia in December and involve more general managers from across the GCC.
Saudi Arabia celebrates 80th anniversary of the Kingdom foundation
The Works have been on-going to establish economic cities, including King Abdullah Economic City in Rabigh City, Prince Abdulaziz bin Musaed Economic City in Hail, Jazan Economic City, The Knowledge Economic City in Madinah as well as King Abdullah Business District in Riyadh, Declaration of Airport in Madinah as an international airport, the expansion of King Abdulaziz Airport in Jeddah, the establishment of Economic City Airport in Rabigh, increase in number of universities in the Kingdom from eight universities to about twenty-five, the opening of several colleges and technical and health institutes and colleges for girls.
Economic cities draw foreign investment: SAGIA chief
He attributed the delay in developing King Abdullah Economic City (KAEC) in Rabigh to the global economic crisis and some organizational matters. “KAEC is a huge city covering 168 million square meters and is bigger than Washington and Dubai. It cannot be established within a day or two,” the SAGIA chief said. He said the successful measures taken by the Kingdom to overcome economic crisis and the formation of an authority by the government would support economic cities.
Two Centro Hotels by Rotana to be managed in Saudi Arabia.
Centro in Riyadh is located in a prime location between King Fahd Road and Olaya Street in the growing business district of Al-Olaya and will offer 160 rooms and suites. As for Centro Al Khobar, the hotel is also located on a prime piece of land on the corniche with unobstructed views of the sea, offering 235 rooms and suites.
No one left ‘high and dry’ by Sama collapse
No passengers booked to travel with Sama were left “high and dry” by the Saudi budget carrier following the airline’s collapse in August, said Asim Arshad, CEO of Orient Travel which acts as GSA (General Sales Agent) for the carrier in the UAE. Many passengers were due to travel back from Umrah pilgrimages in Saudi Arabia with Sama, druing the peak Ramadan season, when the airline was forced to cease business on August 24 following heavy losses.
SEC to provide 600MW to power Haramain Railway
The Saudi Electricity Company (SEC) will provide 600MW to the Haramain Railway linking the two holy cities of Mecca and Medina with Jeddah. Transport Minister and Chairman of the Saudi Railway Organisation (SRO) Jabara Al-Seraisry said the SEC will power the 450 kilometre high-speed railway as well as its stations at King Abdullah Economic City in Rabigh and Madinah.
