Dubai World to sign final debt deal
Dubai World, the government owned conglomerate will sign the final deal on its nearly $25 billion debt restructuring deal with its creditors next week, said Shaikh Ahmad Bin Saeed Al Maktoum, chairman of Dubai’s Supreme Fiscal Committee and Chairman of the conglomerate, yesterday.
Emaar seems to be building up steam
The company best known for developing the world's tallest tower, the Burj Khalifa, gained more than 9 per cent in the last three trading days of the week, closing at Dh2.68 per share yesterday. However, that is still about 50 per cent below the company's book value of Dh5.10.
World Travel Awards unveils regional nominees
The first of the regional heats will take place this May at The Armani Hotel in Dubai and will see Middle East companies battle it out for the World Travel Awards trophies. This will be followed closely by ceremonies in Jamaica, Antalya, Egypt and Bangkok.
Pakistan Appeal collects $1m for flood victims
Pakistan Appeal, a star-studded gala dinner organised in Dubai to help the flood victims of Pakistan, raised more than $1 million at Armani Hotel, Burj Khalifa, in Dubai. Former cricketer Imran Khan’s gold-plated and autographed bat, was auctioned for Dh70,000.
Ramada Ajman & Ramada Downtown Dubai to participate in ITB Berlin
Ramada Hotel & Suites Ajman and Ramada Downtown Dubai, a premier destination for business and leisure travellers, will participate in the upcoming ITB Berlin Exhibition, an international B2B travel and trade show held in Germany every year.
Claim over Burj Khalifa to hit Depa’s bottom line
A problem with being paid for work on the world tallest building is weighing on Depa's bottom line. Net profits will be "significantly impacted" due to the unresolved claim for the Burj Khalifa work, the Dubai interior contracting company announced yesterday.
$1m raised for Pakistan’s flood victims
Many members of the Pakistani community also attended the event at Burj Khalifa's Armani Hotel on Friday. Sheikh Nahyan, who described the relationship between Pakistan and the UAE as one of "common heritage and culture", donated Dh1 million to the cause.
Prices for Versace hotel flats cut by half
Mr Mahmoud said it was an established trend among operators in the luxury properties market, including Four Seasons and Ritz-Carlton, to have private residences incorporated into a hotel. The Armani hotel in the Burj Khalifa also uses this model.
Burj Khalifa bus service launched
"We wanted to take the Big Bus tour but were told it would take three hours," said Jane Lehman, a tourist visiting from the UK with her husband, John. "Then we saw this bus pull up and hopped on it instead. It's lovely and clean and the 30minute tour was exactly what we were looking for."
Trolley bus tours start in Downtown Dubai
The shopping malls and leisure subsidiary of Emaar Properties has introduced air-conditioned trolley buses, each with a capacity of 25 passengers to enhance the ease of access for visitors to Downtown Dubai. The 500-acre mega-development in the heart of Dubai features several must-visit tourist attractions including Burj Khalifa, the world's tallest building; The Dubai Mall, the world's largest shopping and entertainment destination, and The Dubai Fountain, the world's tallest performing fountain.
