Articles tagged “dubai”

Six Flags’ Global Growth Plans Are Running Into Economic Roadblocks

Six Flags’ Global Growth Plans Are Running Into Economic Roadblocks

Hannah Sampson, Skift

Six Flags' big ambitions for international expansion are meeting economic reality. The theme park operator still finds potential in partnerships outside the United States, but expectations have to be adjusted.

1 month ago

Six Flags Dubai Project Halted on Funding Concerns

Six Flags Dubai Project Halted on Funding Concerns

Filipe Pacheco, Bloomberg

The economic slowdown and rise in the number of theme parks in the Gulf are among the factors keeping Six Flags from going full throttle in Dubai.

2 months ago

Dubai Holding to Develop Burj Jumeira to Host Large Scale Events

Dubai Holding to Develop Burj Jumeira to Host Large Scale Events

Archana Narayanan, Bloomberg

Dubai does not lack high towers. Here's another, and one that will provide events planners with more exciting venues. Roll it on.

2 months ago

Etihad Cancels Aircraft Order as Part of Cost Overhaul

Etihad Cancels Aircraft Order as Part of Cost Overhaul

Layan Odeh, Bloomberg

Cutting costs can only get you so far. Is Etihad really a viable independent business or would it be be better suited partnering with Dubai-based Emirates?

2 months ago

Dubai’s Airport Welcomes 1 Billionth Passenger

Dubai’s Airport Welcomes 1 Billionth Passenger

Lisa Fleisher, Bloomberg

Think there's been some growth recently in Dubai? The city's airport handled 500 million passengers in its first 50 years, through 2011. It only took it seven years to double that number.

3 months ago

Dubai’s Hotel Market Is Saturated, Says Developer Looking Elsewhere Now

Dubai’s Hotel Market Is Saturated, Says Developer Looking Elsewhere Now

Zainab Fattah and Manus Cranny, Bloomberg

Build it and they will come had been Dubai's mantra forever. But oversupply has caught up with the city whose economy is still seeing the impact of lower oil prices. Billionaire hotel developer Khalaf Al Habtoor can't stomach the resulting lower room rates so he's moving his cranes to other projects now.

4 months ago

Dubai Theme Park Operator Warns of Possible Six Flags Delay

Dubai Theme Park Operator Warns of Possible Six Flags Delay

Archana Narayanan, Bloomberg

Executives with Six Flags Entertainment warned last month that an on-time opening of the Dubai project was unlikely, and it appears that caution was warranted. As DXB Entertainments conducts a strategic review, what other changes await?

5 months ago

Six Flags’ Future in Dubai Is Now Uncertain

Six Flags’ Future in Dubai Is Now Uncertain

Hannah Sampson, Skift

Six Flags still considers international licensing an important driver of revenue growth, despite some roadblocks along the way. Back in the U.S., where most of its parks are located, weather put a damper on quarterly earnings.

5 months ago

Historic Ocean Liner Queen Elizabeth 2 Is Finding New Life as a Dubai Hotel

Historic Ocean Liner Queen Elizabeth 2 Is Finding New Life as a Dubai Hotel

Zainab Fattah, Bloomberg

Dubai bit off a massive project at a precarious time when it bought the QE2 for $100 million more than 10 years ago. Will the investment finally start to pay off?

11 months ago

Dubai Theme Park Operator’s Ambitions Are Scaling Back Amid Debt Reshuffle

Dubai Theme Park Operator’s Ambitions Are Scaling Back Amid Debt Reshuffle

Archana Narayanan and Matthew Martin, Bloomberg

Not enough people are visiting the theme parks that DXB Entertainments operates and the company isn't holding out hope for a profitable year. But plans remain in place to move forward with a hotel and a Six Flags park at the site. If they build those, will people finally come?

12 months ago

Dubai Theme Park Sees Business Slump as Tourists Stay Away

Dubai Theme Park Sees Business Slump as Tourists Stay Away

Filipe Pacheco, Bloomberg

Dubai Parks & Resorts had high hopes for its theme park complex last year, but reality turned out to be a disappointment. As losses mount and debt piles up, will the operator be able to turn the business around?

1 year ago

Uber Mideast Rival Careem Pushes Ridesharing as Efficient Infrastructure Investment

Uber Mideast Rival Careem Pushes Ridesharing as Efficient Infrastructure Investment

Gwen Ackerman and Matthew Martin, Bloomberg

Ridesharing is an attractive way to transport people from point A to point B in many countries because of its convenience and the economics. But clogging roads with carbon dioxide-producing machines isn't sustainable

1 year ago