Capital gains

Abu Dhabi 'second most expensive' city....

Abu Dhabi has overtaken New York and Paris to become the second most expensive city in the world for business travelers, according to a new report.

Dubai, meanwhile, dropped out of the top 10 to 16th as a raft of new hotels opened in the emirate, bringing rates down.

Moscow remains the most expensive destination worldwide for a fifth successive year, according to a hotel survey by Hogg Robinson Group (HRG), reported in UAE daily The National.

A visitor to Moscow could expect to pay $417 for a room, while in Abu Dhabi the average room rate is $349. Manama, the capital of Bahrain, rose to fifth place from 20th the previous year, "reflecting demand outstripping supply in the region", said the report.

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