Page 10 - Arabian Business
P. 10

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
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