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Dubai surpasses Las Vegas in hotel count
The emirate now ranks behind only London globally, with 56 new hotels under construction and occupancy at 83%
THIS MORNING: Al Ghurair plans to put land plots to use with new real estate developments + Masdar eyes USD 20 bn in investments
Plus: DFSA clears hedge fund startup Magellan after completing probe
THIS MORNING: Incentives for hotels in Dubai South, Palm Jebel Ali, and more + AED-denominated physically deliverable gold contracts coming?
Plus: IHC board signs off on Multiply-Ghitha-2PointZero merger
Saudi unicorn Tamara secures CBUAE license
Plus: Starwood Capital to set up shop in DIFC
Cado raises USD 4.5 mn pre-seed to scale regional and US expansion
The funding round was led by Sanabil 500
Hotel market revenues surge 11.9% y-o-y this year
Abu Dhabi led nationwide growth, followed by Dubai and Ras Al Khaimah
Dubai International Chamber enters eastern Europe
PLUS- Superior Technology Systems and GE Vernova land 3 GW power plant contract + LNG import terminal
THIS MORNING: Mubadala to tap debt markets again this month + Reuters poll positive on UAE growth this year
Plus: Zayed National Museum to open on 3 December
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