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Business » Middle East



Middle East

Lloyds TSB restructures its Middle East banking operations Lloyds TSB has announced the restructuring of its Middle East banking operations to better align its offer with the needs of its personal, business and corporate customers.



Malaysia set to attract 300,000 tourists from Middle East in 2007 Malaysian Tourism Minister outlines aggressive strategy to raise the number of Middle East tourists from 180,000 in 2006



Hyatt continues rapid global expansion Hyatt has announced that its global expansion plans are continuing rapidly in line to support international tourism growth figures.



Marriott to add 16 hotels in Middle East over next three years Marriott International, Inc.’s Middle East lodging portfolio is expected to increase by 54 percent over the next 36 months as the company adds 16 hotels offering 3,515 rooms through 2010.



Five-star Royal Tulip gets Mid East launch Launched recently in Europe, Royal Tulip’s unique five-star offering will be first seen in Oman, where the Royal Tulip Mirbat is set to open early next year.



Cannes most glamorous summer destination for ME travelers The City of Cannes is set to be the most glamorous summer leisure destination for jetsetting Middle East travellers, with a series of special art, culture and music festivals planned to celebrate the 60th anniversary of the Cannes Film Festival throughout 2007.



HSBC wins four ‘Deals of the Year’ HSBC has been awarded three of the prestigious “Deals of the Year” awards by “The Banker” magazine.



Hertz named as Middle East’s best car rental company Hertz, named by business travellers as the best car rental company in the Middle East, will use the accolade to steer clear of complacency and drive service standards to a new level.



Volkswagen delivers record of 850,000 vehicles in first quarter 2007 The launch of Volkswagen’s new coupe-convertible, the Eos, in February 2007 and the launch of the new generation Touareg in March 2007 has largely contributed to the growth.



Exclusivity key to $ 1 billion sponsorship deals Festivale convention to examine FIFA World Cup 2006 case study and debate the fundamentals to maximise event sponsorship revenue in Mid East.



Ford Edge makes waves in GCC The new model enjoyed similar response in the US market, where Edge sales there rose 37 per cent in March, to nearly 11,000 units, outselling its nearest competitors, combined.