Browsing: hospitality

Across all seven emirates, the United Arab Emirates has launched an extensive array of multi billion dollar initiatives in hospitality, cultural, and eco tourism sectors aimed at boosting economic diversification and drawing international visitors. Official government sources reveal that both public authorities and private developers are pushing forward major investments to grow leisure destinations nationwide. This strategic growth aligns with long-term economic plans, strengthening the nation’s role as a global hub for international travel, real estate investment, and cultural heritage conservation.

DALLAS, Sept. 4, 2026 /PRNewswire/ — TGI Fridays™, the iconic global restaurant and bar brand, today announced the signing of a landmark development agreement with Devolli Group, one of the Balkans’ leading diversified business groups, marking the brand’s first-ever expansion into Kosovo, Albania and North Macedonia. The agreement represents a significant milestone in TGI Fridays’ international growth strategy and reinforces the brand’s global momentum as it continues to scale through its franchise-first development model. As part of the partnership, Devolli Group will develop 10 TGI Fridays™ restaurants across the three markets and has secured exclusive rights to sub-franchise the brand throughout the territory, creating a platform for long-term expansion across Southeast Europe.

Launching initially in Tanzania followed by Rwanda, this collaboration significantly enhances payment convenience for international travellers while unlocking new commercial opportunities for local businesses. The rollout immediately expands UnionPay’s acceptance network by more than 3000 merchant locations across Tanzania and Rwanda, significantly strengthening payment acceptance across hospitality, retail, tourism, petroleum, and SME merchants. Through Pesapal’s acquiring network, the partnership represents one of UnionPay’s largest merchant acceptance expansions in East Africa, reinforcing its presence across two of the region’s fastest-growing digital economies.