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UAE car sales could top 300,000 units this year

Dubai: Annual car sales in the UAE look set to cross the 300,000 units mark for the second time in the country’s history and the first since 2008, when volumes soared to more than 340,000 units, market sources confirm.

This year’s expectations are based on the near 30 per cent growth new car sales had in the year to end August and b


Most Asian stocks drop

Singapore: Most Asian stocks dropped, led by Japanese shares, as investors awaited a meeting of Europe’s finance ministers to tackle the debt crisis.

Canon Inc., a camera maker that gets about 31 percent of its sales from Europe, fell 1.4 per cent in Tokyo. HTC Corp. tumbled 7 per cent in Taipei after Asia’s No. 2 smartphone maker p


$5b in hotel upgrades expected

All of those shiny new amenities you’ve seen at your hotel lately — fitness equipment, flat-screen TVs and redesigned lobbies — are part of a trend across the country.

Hotels are expected to spend $5 billion (Dh18.3 billion) on improvements in 2012, a 33 per cent increase over 2011, said Bjorn Hanson, a dean at New York University’s P


Indian stocks led by Infosys rise on foreign buying

Mumbai: Indian stocks gained for the first time in three days as overseas funds extended purchases of local shares amid government pledges to take further steps to revive a slowing economy and narrow the nation’s budget deficit.

The BSE India Sensitive Index, or Sensex, rose 0.4 per cent to 18,780.80, according to preliminary closing prices.


DoubleTree by Hilton to open in Burundi

Dubai: Hilton Worldwide signed a licence agreement with franchisee the Opulent Group to convert a former Novotel property into a DoubleTree by Hilton hotel in Burundi, the company announced yesterday.

The 130-room hotel located in Bujumbura, the capital of the East African country, is scheduled to open in early 2014 as Hilton continues to explore


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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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