Tourism
Hyatt International to operate 5 star hotel at Capital Gate in Abu Dhabi
Abu Dhabi National Exhibitions Company (ADNEC) has announced that the exclusive new 200 room, 5 star hotel in Abu Dhabi?s Capital Gate building, adjacent to the Abu Dhabi National Exhibition Centre, will be operated by Hyatt International. The hotel will open in 2009 and will be the first Hyatt operated facility in the UAE capital city. It will be one of the most exclusive hotels in the world.
New US$1 billion Sunland project for Dubai
Surfers Paradise-based Sunland Group announced plans for a US$1 billion waterfront development in Dubai - its sixth project in the Middle East. The group, which is behind Q1, Circle on Cavill and Palazzo Versace, announced plans for the lavish mixed-use purpose development after it acquired the site in the Dubai Waterfront precinct for US$80m.
Dubai's tender for MGM shares fizzles
Dubai World's offer to buy 14.2m shares of MGM Mirage, the world's second-largest casino company, expired with investors selling less than 3% of the stock the firm was seeking. The investment company, run by Dubai's government, said that it would still buy 14.2m MGM shares directly from the Las Vegas-based company at US$84 each. The firm said that it might purchase more stock on the open market.
Louvre adores the Abu Dhabi deal
The French parliament gave its approval for a branch of the Louvre museum to be built in the United Arab Emirates, defying a petition signed by thousands of French art experts.? Abu Dhabi signed an accord with France in March to use the Louvre's name for 30 1/2 years as part of a deal for paintings from the Paris museum to be exhibited in a new museum that will be built on a resort island.
Almulla launches world's first international Sharia compliant hotel chain
Dubai-based hospitality group Almulla, launched the world's first Sharia compliant hotel brand portfolio under three core brand names of Cliftonwood, Adham and Wings. The hotel group strategic plan calls for 30 properties by the end of 2008.
