Page 10 - Arabian Business

UPFRONT
JANUARY 28-FEBRUARY 3, 2018

FIRST LOOK WHAT THEY SAID

Aloft Palm
Jumeirah

What is it: A new budget-
friendly hotel from the Aloft
brand located on The Palm,
perched between Anantara The
Palm Dubai Resort and Rixos Q I am talking
The Palm, designed with the about extending
hyper-connected, “always on”
global traveller in mind. the framework
How does it do that: Well, that we started,
in each of the hotel’s airy
guestrooms there is free wi-fi which is the
and a 49-inch LCD TV linked to declaration of
a Plug & Play connectivity panel. season, it’s one of the more Where it could be better:
There are no less than to six budget-friendly hotels in the Situated near the end of The cooperation,
dining and social spaces, neighbourhood, while the Palm’s Eastern Crescent, it’s still beyond 2018”
including its signature 24-hour combination of bars, lounges, a heck of a drive from the airport
café Re:Fuel, which should swimming pool and colourful, – and more than 20 minutes
appeal to laptop-wielding informal design palette means from Media City. Might be more Saudi energy minister
creatives with apps to build. it loosens the collar of The of a weekend break than a Khalid Al Falih says global oil
The property also features two Palm’s generally more upscale working retreat. suppliers will consider whether
on-site meeting rooms and hospitality offerings – but it still Why stay: It’s a refreshing break to extend their cooperation
outdoor function spaces offers the expansive sea-view from the usual Palm palaces and beyond 2018, but such a deal
equipped with A/V equipment. setting. All the rooms can be provides a youthful, funky and would not mean extending
Why it’s great: At less than accessed by the guest’s mobile social experience that younger current output levels.
AED800 ($218) a night in high phone, too. business people will welcome.

COMPANY OF THE WEEK SHORTS

Q Kuwait’s fiscal
500 position is better

than its peers given
The target kilometres for
the substantial
cycle paths in Dubai by 2021
u London-listed NMC Health is continuing to grow its presence in the region buffers and strong
DUBAI PROPERTY
NMC HEALTH SPENDS $200M ON TWO ACQUISITIONS sovereign ratings”
PRICES TO
NMC Health Plc announced The deal involves 17 operational REBOUND IN 2018
two new acquisitions and the clinics and is reportedly worth National Bank of Kuwait
completion of a new operating $170m. It also acquired an 80 The oil price rally in the (NBK) chairman Nasser Al
and management (O&M) contract percent stake in the Riyadh-based last four weeks means Sayer says the bank has
in a busy few days last week. Al Salam Medical Group and there may be more been the main benefi ciary
Among the acquisitions include includes the 100-bed Al Salam reason to be bullish on of strong public spending
a 70 percent stake in CosmeSurge, Medical Hospital, the Al Salam the UAE’s real estate as the government pushes
a cosmetic surgery and aesthetic Medical Centre and the Ishbilia market, according to ahead with multi-billion
medicine provider. Medical Centre. Propertyfi nder. dollar schemes.
10 Vol. 19/04, January – February 2018