Articles tagged “dubai”

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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.

10 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.

11 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?

11 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.

12 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?

2 years 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?

2 years 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?

2 years 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

2 years ago

Etihad and Emirates Suspend Flights to Qatar as Gulf State Rift Grows

Etihad and Emirates Suspend Flights to Qatar as Gulf State Rift Grows

Associated Press

It is quite rich for Saudi Arabia to claim other states support terrorism. Perhaps now the big three U.S. carriers can stop making equally ironic claims about subsidies and just watch the Gulf carriers fight each other?

2 years ago

Three Ways to Make the Most of a Dubai Airport Layover

Three Ways to Make the Most of a Dubai Airport Layover

Dean Fosdick , Associated Press

Have an eight-over layover in Dubai? Why not make the best of its and go dune bashing? Or if you're feeling less adventurous, perhaps you'll try a desert sunset safari.

3 years ago

Dubai to Test Drone Taxis for Travelers

Dubai to Test Drone Taxis for Travelers

Jon Gambrell, Associated Press

We're not sure if this idea will fly — at least with the public. Dubai hopes to have a passenger-carrying drone in July. But it took time for best practices and regulations for helicopters to be worked out. It may be too soon to send individuals soaring by drone over traffic and buildings.

3 years ago

Dubai Airport Duty-Free Cut Prices Because of Brexit and Chinese Travelers

Dubai Airport Duty-Free Cut Prices Because of Brexit and Chinese Travelers

Deena Kamel Yousef and Yousef Gamal El-Din, Bloomberg

Dubai Duty-Free felt that price cuts were the best option to compensate for a weaker pound since Europeans are a significant slice of the business. But in the process, it created a bunch of sale signs for Chinese travelers who are spending more during their trips.

3 years ago