Dubai’s Juma Al Majid opens Jood Hospitality arm

New division will manage the Jood Palace Hotel in Deira, formerly the Taj Palace Hotel. Dubai’s Juma Al Majid Group has opened...

Qatar buys iconic Westin hotel in Rome for $251m

The Westin Excelsior Rome will be renovated after purchase by Qatar Holding’s Katara Hospitality. Qatar has bought the The Westin Excelsior Rome...

AccorHotels to be first international chain to open in Iran since 1979

French group in deal with local firm to open two properties in Tehran. France’s AccorHotels has signed with Iran’s Aria Ziggurat to...

Dubai’s Nakheel signs three contracts for Nad Al Sheba project

Developer agrees to contracts worth $654m for project that includes 1,540 residential units. Nakheel, the Dubai-based property developer, says it has signed contracts...

Crystal Lagoons to exhibit projects worth $1bn at Cityscape Egypt

Company has four active projects in Egypt, including the world’s largest lagoon at Sharm El Sheikh. Crystal Lagoons says it will exhibit...

Crane collapse: Saudi Binladin Group barred from new projects

Construction giant’s executives not allowed to travel after Mecca tragedy in which at least 107 died. Executives at construction giant Saudi Binladin Group...

KIPCO plans $5bn real estate project in Kuwait City

Investment firm is planning 380,000sqm project, says vice-chairman. Kuwait Projects Company (KIPCO), the largest private-sector investment firm in the GCC state, has...