GCC corporate earnings will be negatively impacted in the first half (1H) of the year as businesses and the economy have been severely hit by the COVID-19 pandemic, Reuters reports.
Dubai-based Meraas Holding has entered an AED 5 bn joint venture (JV) with Canada’s Brookfield Asset Management to jointly own and operate the latter developer's retail assets across the GCC region.
Hong Kong-based Swiss-Belhotel International targets to launch 25 hotels, hosting approximately 6,000 rooms, in the MENA region by 2025.
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