The scale of the economic fallout means that very few places or businesses in the world have not been affected. As experts attempt to make sense of the damage inflicted and potential future scenarios for their respective fields, it would appear that airline carriers in the Gulf have less to worry about than most.
Middle East:
Wednesday, December 07 - 2011 at 09:36
Saudi tourism officials and hotels in the kingdom have been stepping up their efforts to entice local residents to travel within the country in hopes of capturing a larger share of the billions of dollars that Saudis spend on vacations overseas each year.
In addition to spending billions of dollars on new aircraft, Middle East carriers are also splashing out big money on new and improved in-flight entertainments systems to keep in step with the latest technology being developed for the aviation sector.
While hotels in Dubai have enjoyed a strong rebound so far this year, Abu Dhabi's hospitality sector is struggling to deal with an oversupply of rooms and a relatively limited range of offerings that limits its ability to attract a wide variety of tourists.
United Arab Emirates:
Wednesday, November 23 - 2011 at 14:31
Once again the region's carriers placed huge orders at the Dubai Airshow, with Emirates and Qatar Airways leading the way. But as these megacarriers continue their unprecedented growth, are they at risk of over-expansion?
Despite the unrest in the Middle East, business jet operators in the region say they are seeing a strong recovery so far this year and are adding more aircraft to their fleets to meet rising demand.
Middle East:
Wednesday, November 16 - 2011 at 10:20
Airlines in the Middle East are forecast to invest hundreds of billions of dollars in new aircraft over the next 20 years to meet continued strong demand and address their rapid expansion plans, according to new forecasts by Airbus and Boeing revealed at the Dubai Airshow.
The Dubai Airshow, one of the largest events of its kind, has seen huge orders in past years but analysts say the volume at this year's event could be relatively subdued due to the global economic conditions and the large number of aircraft that the major Gulf carriers already have on order.
Experts are still predicting strong growth in the Middle East's hospitality pipeline, so what is attracting companies to the region and should they be more cautious?
Middle East:
Wednesday, November 02 - 2011 at 09:34
An increasing number of companies are looking to develop boutique hotels in the Middle East, but they are likely to face challenges trying to lure guests away from the tower hotels that dominate the region.
The Middle East is seeing a rise in cruise passengers as governments in the region invest in new facilities to support the cruise tourism sector. However, while prospects for the industry are strong, it also faces a number of challenges that could hamper its growth.
UAE-based Al Habtoor Group has announced that it is teaming up with Hilton Worldwide to develop the first Waldorf Astoria hotel in Dubai on the Palm Jumeirah. The company has also selected Hilton to manage its two hotels in Lebanon, which marks the first time that Hilton will be entering the Lebanese market.
United Arab Emirates:
Wednesday, October 19 - 2011 at 09:51
Marriott International has announced plans to launch its mid-scale extended stay Residence Inn hotels across the Middle East and Africa as part of a major expansion of the brand outside the US.
Luxury European hotel operator the Oetker Collection has announced plans to expand its portfolio of hotels into the Middle East and North Africa. The Germany-based company said it will open its first hotel in the region in Morocco in March 2012, and begin construction on a property in Abu Dhabi in four months.
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Experts say the persistence of a thriving grey market for business jets in the Middle East remains the biggest hurdle to the growth of the sector in the region.
The Saudi Arabian Mining Company (Ma'aden) and Alcoa announced the achievement of the First Hot Metal milestone 12/12/2012 at their joint venture smelter...
The Emirate of Kuwait is situated a the head of the Persian Gulf, and is bordered to the South by the Al Hasa desert region of Saudi Arabia, and Iraq which has a narrow exit to the port of Umm Qasr before the territory of Iran.