Articles tagged “dubai expo 2020”

Developer Counting on Dubai Expo Now Faces Much Different 2020 With Possible Postponement

Developer Counting on Dubai Expo Now Faces Much Different 2020 With Possible Postponement

Aya Batrawy, Associated Press

Emaar's 2019 earnings are likely the profit before the coronavirus-led economic storm. The Dubai developer has already closed three hotels over shattered tourism demand and organizers behind Dubai's Expo 2020, for which the developer was basing much of its 2020 revenue forecast, recommend pushing the the six-month world's fair to 2021.

2 months ago

Tourist-Strapped Dubai Could Need a Coronavirus Bailout From Abu Dhabi

Tourist-Strapped Dubai Could Need a Coronavirus Bailout From Abu Dhabi

Aziz El Yaakoubi and Davide Barbuscia, Reuters

Dubai relies on tourism to keep its economy booming, but coronavirus halted business and threatens the city's Expo 2020 planned for later this year. If travelers continue to stay at home, the UAE city could once again turn to the neighboring emirate of Abu Dhabi for a bailout.

2 months ago

U.S. Pavilion at Dubai World Expo Will Be Sponsored by Emirati Government

U.S. Pavilion at Dubai World Expo Will Be Sponsored by Emirati Government

Aya Batrawy, Associated Press

The United Arab Emirates is pouring lots of cash into its Dubai Expo 2020, and the United States will reportedly benefit from that generosity. The question is, on what terms?

4 months ago

Dubai’s Big Bet on Expo 2020 Meets Political and Economic Headwinds

Dubai’s Big Bet on Expo 2020 Meets Political and Economic Headwinds

Jon Gambrell, Associated Press

Dubai may have ambitious plans for Expo 2020 to attract 25 million visitors, but regional politics and global economic conditions may stand in its way.

7 months ago