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Shuaa Capital Offloads Stake in Saudi Hospitality Portfolio
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Shuaa Capital Offloads Stake in Saudi Hospitality Portfolio

Dubai-listed investment bank Shuaa Capital has sold its stake in a Saudi hospitality portfolio as part of its strategy to streamline investments and reduce liabilities. The portfolio, managed by Shuaa Capital Saudi Arabia, included three properties located in Riyadh, Jeddah, and Dammam. Shuaa, which owned a 33% stake in the portfolio, finalized the sale to...

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Abu Dhabi Adds 37,000 Tourism Jobs Amid Visitor Surge

Abu Dhabi has added 37,000 new jobs to its tourism sector in 2024, increasing the total workforce to 225,000, up from 188,000 last year. The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) attributes this growth to global promotional efforts that have boosted visitor numbers. Saood Al Hosani, undersecretary of DCT Abu...