Search Site

Trends banner

TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

Hyde to develop a five-star hotel in Dubai, first outside the US

    • Hyde will work with Emerald Palace Group to develop the property

    • The hotel will be located in Business Bay

    For the first time in its history, Hyde will launch its first property outside the US in Dubai during the later part of the year. Hyde, a brand under global hospitality group Accor, said the new five-star hotel will be located in Business Bay, which is close to the iconic Burj Khalifa. It has 276 rooms and offers canal views.

    Developer Emerald Palace Group (EPG) is working with hotel management company SBE to develop the property, which is part of Accor’s expansion plans. “We couldn’t be happier to be working with Emerald Palace Group on bringing the Hyde brand to Business Bay in Dubai,” said Chadi Farhat, CEO of SBE, reported Arab News.

    “Hyde Dubai Business Bay will continue to bring additional lifestyle experiences to one of the most vibrant destinations in the world,” he added, saying they are set to bring well-known culinary concepts to the hotel.

    The Accor group earlier announced it was expanding its global portfolio of hotels around the world, especially amid a challenging time for tourism and hospitality.