Nakheel and Al Nasr Cultural & Sports Club to create USD 81.7 million mall at Al Khawaneej
Last month, Nakheel signed a joint venture with the Sharjah Investment and Development Authority (Shurooq) for its first project outside Dubai: a USD 20.4 million retail center.
Cost cutting drives profit growth in Middle East and Africa hotels
As a result of the movement in revenue and costs, profit conversion at hotels in the Middle East & Africa was recorded at a punchy 43 percent of total revenue.