Muslim tourism market potential. Muslim tourists may very well be the largest un-tapped niche market of the tourism Industry, according to Global Muslim Lifestyle Travel Market: Landscape & Consumer Needs Study’ compiled by DinarStandard, a US based marketing research & advisory firm focused on the Muslim markets. By 2020, 14 percent of all international trips … Read more
The secretive land-buying in foreign countries in the last decade became a major trend that involved governments, private and public companies. According to a report published by the Land Matrix project, the drive for land acquisition is a global trend that already has considerable impacts. The database on which the report is built, the largest … Read more
Danny De Munter, a Belgian architect specialized in high-end interior design and restoration, and Wim Gyselinck, have been designated to build the new city palace in Riyadh, Saudi Arabia. The Flemish approach, far away from the curls and ‘opera style’ often associated with Middle Eastern architecture, can be best described as a combination of ‘eco-neoromance’ … Read more
According to Forbes Middle East, Arab billionaires rankings, the total wealth of the region’s billionaires rose to $121.3bn from last year’s figure of $117.6bn. Saudi Arabia and Lebanon led the way on the list with eight billionaires each. Topping the ranking was Saudi Arabia’s Prince Alwaleed Bin Talal Al Saud with an estimated fortune of … Read more
Third Antwerp Diamond Fair For three days, from January 29 to 31, 2012, the bourse trading halls of the 105-year- old Antwerp Diamond Bourse and the even older Antwerp Diamond Club hosted the third edition of the Antwerp Diamond Trade Fair (by invitation-only diamond trade fair). Diamond buyers from Europe, the Middle East and Turkey … Read more
Ritz-Carlton Hotel Company opened its first hotel in Riyadh, Saudi Arabia. This is the 77th hotel in the world and eighth in the Gulf region. The palatial hotel, with 493 rooms and suites, is prominently situated next to the Diplomatic Quarter and adjacent to the King Abdul Aziz Convention Centre, one of the largest in … Read more