• Leading KSA-based developer Snasco confirms participation as platinum sponsor at International Property Show 2008

According to the preliminary results of a research conducted by Fast Future and Global Futures and Foresight (GFF), a massive $3.63 trillion is being invested in hotels, leisure projects, aviation developments, cruise lines, tourism promotion and supporting infrastructure across the Middle East. ‘The Middle East Industry Outlook 2020’ covers 13 Middle Eastern countries for the period to 2020 and is to be published in full at the Hotel Show 2008 that will take place at the Dubai International Exhibition Centre from 8-10 June 2008.

‘Oasis International Leasing PJSC’, the Abu Dhabi-based company has signed an agreement with Bahrain-based ‘Addax Bank’ of Bahrain, finalizing its acquisition of a 42.5% stake in ‘Addax’. The agreement was signed in Abu Dhabi by Oasis Chairman HE Hussain Al Nowais and Yousef Al-Essa, CEO, ‘Addax Bank’. This follows a Memorandum of Understanding signed by the 2 parties on October 24, 2007.