Dubai Holding Commercial Operations Group, the real estate and hospitality business, has posted a loss of $6.4bn for the last financial year against a net profit of $4.74bn the year before, due to a slump in the local property market plus a series of impairments.

Tatweer has announced a landmark dealwith US-based Marvel Entertainment, the creators of suchglobally renowned Super Heroes as Spider-Man, The X-Men, Iron Man, theFantastic Four and The Incredible Hulk, to develop the region’s first SuperHeroes theme park at the world’s largest leisure, tourism and entertainmentdestination.