Latest news with #PaulSalem
The National
16-05-2025
- Politics
- The National
How Trump's Gulf visit could transform the Middle East
Paul Salem is Vice President for International Engagement at the Middle East Institute in Washington DC May 16, 2025
Gulf Today
24-04-2025
- Business
- Gulf Today
Dubai continues to attract world's top hospitality brands: Maktoum
Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, on Thursday met with Paul Salem, Chairman of the Board of MGM Resorts International, a global leader in hospitality and entertainment. During the meeting, Sheikh Maktoum Bin Mohammed outlined the UAE's strategic vision to further raise its status as a top-ranked global tourism and hospitality hub, building on the country's profile as a unique destination for world-class travel, leisure, and cultural experiences. Sheikh Maktoum noted that Dubai's advanced infrastructure, business-enabling policies and regulations, combined with its exceptional global reputation in the industry, continue to attract the world's leading hospitality brands. He said the emirate is keen to deepen partnerships with global players like MGM Resorts to advance the Dubai Economic Agenda D33, which aims to position Dubai as a premier global hub for business and leisure, and one of the world's best cities to visit, live, and work. Discussions also touched on MGM Resorts' projects in the UAE, which His Highness said signal strong international confidence in the city's long-term growth prospects and investment attractiveness. Founded in 1986, MGM Resorts operates 31 premier hotel and gaming destinations worldwide. In 2024, the company reported record consolidated net revenues of $17.2 billion. The group is currently developing a series of major projects in the meeting was attended by Hesham Al Qassim, CEO, Wasl Asset Management Group and several senior officials of the group. Last week, Abdulla Bin Touq Al Marri, Minister of Economy and Chairman of the Emirates Tourism Council, highlighted the continued growth and robust performance of the UAE's tourism sector. He attributed this growth to the wise leadership's directives and forward-looking vision, which led to the development of sustainable policies, strategies, and initiatives that drive the sector's progress. Tourism remains a key pillar in strengthening the competitiveness and resilience of the national economy, supporting the country's transition toward an economy driven by knowledge and innovation, he noted. Minister Al Marri said that hotel revenues in the UAE reached approximately Dhs45 billion in 2024, reflecting a 3 per cent year-over-year growth. Hotel occupancy rates also climbed to 78 per cent last year, ranking among the highest both regionally and globally. This growth was supported by the opening of 16 new hotels across the seven emirates in 2024, taking the total number of hotels in the country to 1,251 by the end of the year. In addition, the number of hotel rooms also grew, reaching 216,966 by the end of 2024, up 3 per cent. Bin Touq added, 'The UAE continues to advance its national efforts to develop innovative tourism initiatives and projects, while strengthening collaboration with all relevant local and international tourism bodies. These efforts aim to elevate the UAE's status as the best tourism identity globally by the next decade, offering world-class experiences that further enhance the country's appeal to visitors from around the world. We are also focused on diversifying special interest tourism offerings, building the sector's capacities, fostering the participation of Emirati talent, and driving greater investment across all areas of the tourism ecosystem.' WAM
Emirates 24/7
24-04-2025
- Business
- Emirates 24/7
Maktoum bin Mohammed meets with Chairman of MGM Resorts
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, today met with Paul Salem, Chairman of the Board of MGM Resorts International, a global leader in hospitality and entertainment. During the meeting, H.H. Sheikh Maktoum bin Mohammed outlined the UAE's strategic vision to further raise its status as a top-ranked global tourism and hospitality hub, building on the country's profile as a unique destination for world-class travel, leisure, and cultural experiences. His Highness noted that Dubai's advanced infrastructure, business-enabling policies and regulations, combined with its exceptional global reputation in the industry, continue to attract the world's leading hospitality brands. He said the emirate is keen to deepen partnerships with global players like MGM Resorts to advance the Dubai Economic Agenda D33, which aims to position Dubai as a premier global hub for business and leisure, and one of the world's best cities to visit, live, and work. Discussions also touched on MGM Resorts' projects in the UAE, which His Highness said signal strong international confidence in the city's long-term growth prospects and investment attractiveness. Founded in 1986, MGM Resorts operates 31 premier hotel and gaming destinations worldwide. In 2024, the company reported record consolidated net revenues of $17.2 billion. The group is currently developing a series of major projects in the UAE. The meeting was attended by Hesham Al Qassim, CEO, Wasl Asset Management Group and several senior officials of the group. Follow Emirates 24|7 on Google News.
Khaleej Times
24-04-2025
- Business
- Khaleej Times
Dubai: Sheikh Maktoum meets MGM Resorts CEO Paul Salem as major projects under development
Sheikh Maktoum, the first deputy Ruler of Dubai, met with the Chairman of the Board of MGM Resorts International, Paul Salem, on Thursday. During the meeting, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the UAE, outlined the UAE's strategic vision to further raise its status as a top-ranked global tourism and hospitality hub, building on the country's profile as a unique destination for world-class travel, leisure, and cultural experiences. The leader highlighted that Dubai's infrastructure, business-enabling policies and regulations, combined with its global reputation in the industry continue to attract the world's leading hospitality brands. He said the emirate is keen to deepen partnerships with global players like MGM Resorts to advance the Dubai Economic Agenda D33, which aims to position Dubai as a premier global hub for business and leisure, and one of the world's best cities to visit, live, and work. The two also touched on MGM Resorts' projects in the UAE, which the Ruler said signal strong international confidence in the city's long-term growth prospects and investment attractiveness. The MGM Resorts operates 31 premier hotel and gaming destinations worldwide. In 2024, the company reported record consolidated net revenues of $17.2 billion. The group is currently developing a series of major projects in the UAE. The meeting was attended by Hesham Al Qassim, CEO, Wasl Asset Management Group and several senior officials of the group.
Yahoo
30-01-2025
- Business
- Yahoo
Insider Stock Buying Reaches US$7.31m On MGM Resorts International
In the last year, multiple insiders have substantially increased their holdings of MGM Resorts International (NYSE:MGM) stock, indicating that insiders' optimism about the company's prospects has increased. While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether. See our latest analysis for MGM Resorts International In the last twelve months, the biggest single purchase by an insider was when Independent Chairman Paul Salem bought US$5.0m worth of shares at a price of US$33.80 per share. That means that an insider was happy to buy shares at around the current price of US$34.01. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the MGM Resorts International insiders decided to buy shares at close to current prices. Over the last year, we can see that insiders have bought 216.40k shares worth US$7.3m. On the other hand they divested 13.03k shares, for US$537k. Overall, MGM Resorts International insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below! There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. MGM Resorts International insiders own about US$99m worth of shares. That equates to 1.0% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. The fact that there have been no MGM Resorts International insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. Insiders do have a stake in MGM Resorts International and their transactions don't cause us concern. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing MGM Resorts International. For example - MGM Resorts International has 1 warning sign we think you should be aware of. Of course MGM Resorts International may not be the best stock to buy. So you may wish to see this free collection of high quality companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
