IHG and Muscat Golf sign 20-year agreement

The InterContinental Hotels Group, or IHG, the world’s largest hotel group by number of rooms, and Muscat Golf Course Project on Sunday signed of a 20-year management agreement for the luxury InterContinental Muscat Hills Golf Resort in Oman.


Dollar tripped by US GDP data, Aussie shines

The US dollar stayed under pressure on Monday in the wake of disappointing first-quarter U.S economic growth, leaving the yen, sterling and even high-beta currencies like the Australian dollar at multi-week highs.

For businesses in China, a minefield of bribery risks

Foreign companies doing business in China must navigate a business culture in which bribery is rife, finding ways to remove obstacles to expanding in the world’s second-largest economy without running afoul of local or home-country laws.

Asian markets edge higher on Wall St lead

Asian markets rose in early trade on Monday, following a positive lead from Wall Street as dealers look ahead to the release of key economic data and European elections over the next week.

Gold near 2-week high on dollar, US GDP data

Gold held near a 2-week high on Monday on prospects of more safe haven buying, with the dollar under pressure from weaker-than-expected U.S. economic data and speculation the Federal Reserve could ease policy further to boost growth.

Japan life insurers eye foreign stocks

Some of Japan’s life insurers are buying overseas stocks to help boost investment returns while sticking with domestic sovereign debt as a safe haven, several of the companies said in interviews with Reuters.

Telenor writes off rest of India mobile business

Norwegian telecom giant Telenor wrote off Monday the rest of its mobile business in India worth 3.9 billion kroner (513 million euros, $680 million) after New Delhi scrapped licences in a massive fraud probe.

Insightful mix of topics lined up

The Arabian Hotel Investment Conference, or Ahic, which starts today, will highlight the investment climate in the Middle East after the Arab Spring as top industry experts are lined up to provide insights to the industry.