Kempinski to open world’s first floating hotel in Dubai in 2023

Munich-headquartered Kempinski Hotels will open in Dubai in 2023, the world’s first floating hotel complex with 12 luxury villas grouped with the possibility to sail to other anchorages at times, Trade Arabia reports. Dubbed Kempinski Floating Palace will be established Read more

UAE awards Saudi Crown Prince Order of Zayed in recognition of strong historical ties

UAE Tuesday conferred the Order of Zayed, the country’s highest civilian award on Saudi Crown Prince Mohammed bin Salman (MbS) in recognition of strong historical ties and bilateral relations between the two countries, reports say. The facto Saudi ruler arrived Read more

Saudi Arabia’s PIF hopes to raise $3.10 billion through sales of 5.01 percent stake of Saudi Telecom Co.

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) is selling a 5.01 percent stake–amounting to 100.2 million shares–in Saudi Telecom Co. in a secondary share offering, Zawya reports. The final offer price will be announced on December 10, Read more