https://www.breakingtravelnews.com/tags/tag/dubai world/ Dubai World News en Breaking Travel News Copyright 2026 2026-07-01T19:18:41+00:00 https://www.breakingtravelnews.com/videos/video/mohammed-al-mannaei-director-mina-rashid-dp-world-dubai-at-world-travel-awa/ https://www.breakingtravelnews.com/videos/video/mohammed-al-mannaei-director-mina-rashid-dp-world-dubai-at-world-travel-awa/ Mohammed Al Mannaei, director, Mina Rashid DP World, Dubai, speaks to Breaking Travel News at World Travel Awards 2012 Grand Final Gala Ceremony in Delhi, India. Wed, 19 Dec 2012 11:58:37 +0000 https://www.breakingtravelnews.com/news/article/dubai-world-central-al-maktoum-international-opens-for-general-aviation/ https://www.breakingtravelnews.com/news/article/dubai-world-central-al-maktoum-international-opens-for-general-aviation/ Dubai Airports officially opened Dubai World Central – Al Maktoum International (DWC) for general aviation operations today following the UAE General Civil Aviation Authority’s regulatory approval. Thu, 24 Feb 2011 15:19:26 +0000 https://www.breakingtravelnews.com/news/article/dubai-debt-concerns-resurface/ https://www.breakingtravelnews.com/news/article/dubai-debt-concerns-resurface/ Concerns over Dubai’s financial position have resurfaced after its largest private equity company, Dubai International Capital, requested a three-month extension to its debt repayments, in the latest blow to the emirate’s financial image. Sun, 30 May 2010 11:21:09 +0000 https://www.breakingtravelnews.com/news/article/dubai-world-agrees-debt-repayment-deal/ https://www.breakingtravelnews.com/news/article/dubai-world-agrees-debt-repayment-deal/ Dubai World, the state-owned conglomerate whose debt problems sparked last year’s financial crisis in the emirate, has said it has reached an agreement “in principal” to repay its creditors. It has proposed repaying 30 percent of its $23.5 billion debt within five years and the remainder three years later. Thu, 20 May 2010 13:34:25 +0000 https://www.breakingtravelnews.com/news/article/dubai-world-secures-9.5bn-government-backing/ https://www.breakingtravelnews.com/news/article/dubai-world-secures-9.5bn-government-backing/ Following months of uncertainty, the Dubai government has confirmed it will offer a financial lifeline to its troubled investment vehicle Dubai World. The company shocked markets late last year when requesting more time to meet debt obligations, but will now have an opportunity to negotiate with creditors. Thu, 25 Mar 2010 13:39:59 +0000 https://www.breakingtravelnews.com/news/article/dubai-world-to-repay-debt-within-eight-years/ https://www.breakingtravelnews.com/news/article/dubai-world-to-repay-debt-within-eight-years/ Dubai World is to ask its creditors for up to eight more years to pay back a $22 billion debt. The troubled investment fund, which owns the QE2 cruise liner and Cirque du Soleil, will promise creditors that it will be able to repay the entire debt if granted the extension. Mon, 22 Mar 2010 13:33:12 +0000 https://www.breakingtravelnews.com/news/article/dubai-world-makes-new-debt-proposal/ https://www.breakingtravelnews.com/news/article/dubai-world-makes-new-debt-proposal/ Creditors to Dubai World could be offered 60 per cent of the money they are owed, under the latest proposal to restructure the company’s $22 billion of outstanding debts. The deal would ensure repayment after seven years following a 40 per cent “hair cut”, with the agreement backed by the Dubai government. Mon, 15 Feb 2010 12:58:14 +0000 https://www.breakingtravelnews.com/news/article/dubai-world-to-sell-qe2/ https://www.breakingtravelnews.com/news/article/dubai-world-to-sell-qe2/ Dubai World is putting the iconic cruise liner QE2 up for sale, as well as host of other interests including Cirque du Soleil, as it grapples to cut its $22bn debt mountain. Mon, 08 Feb 2010 11:55:17 +0000 https://www.breakingtravelnews.com/news/article/abu-dhabi-throws-dubai-10bn-lifeline/ https://www.breakingtravelnews.com/news/article/abu-dhabi-throws-dubai-10bn-lifeline/ Shares in the Gulf have soared after news that Dubai has received a $10 billion bail-out from its neighbour Abu Dhabi to tide it over till April 2010. The funds will also be used to repay a Dubai World Islamic debt which matures today and provide a fighting fund while it negotiates a restructuring deal with creditors. Mon, 14 Dec 2009 16:34:39 +0000 https://www.breakingtravelnews.com/news/article/dubai-hoteliers-slash-room-rates/ https://www.breakingtravelnews.com/news/article/dubai-hoteliers-slash-room-rates/ Hotels in Dubai are slashing rates in a bid to boost occupancy levels following news of the Dubai World debt default. Some five-star hotels are offering rooms for well below £100 a night, and four-star for less than £30 per night. Meanwhile Dubai stocks have levelled off after last week’s dramatic volatility. Mon, 07 Dec 2009 13:18:36 +0000 https://www.breakingtravelnews.com/news/article/new-vegas-hotel-to-boost-tourism/ https://www.breakingtravelnews.com/news/article/new-vegas-hotel-to-boost-tourism/ Las Vegas’ first luxury non-gambling, non-smoking hotel opened yesterday (December 1) in the US’ biggest private development, CityCenter. The 57-storey Vdara Hotel & Spa (pictured) will have 1,500 rooms and forms one of the key parts of the $8.5bn project. Wed, 02 Dec 2009 14:44:30 +0000 https://www.breakingtravelnews.com/news/article/dubai-government-abandons-dubai-world/ https://www.breakingtravelnews.com/news/article/dubai-government-abandons-dubai-world/ The Government of Dubai has said it will not bail-out its subsidiary Dubai World, sparking fears that creditors to the hugely-indebted conglomerate could lose billions. Mon, 30 Nov 2009 17:59:10 +0000 https://www.breakingtravelnews.com/news/article/abu-dhabi-wards-off-dubai-meltdown/ https://www.breakingtravelnews.com/news/article/abu-dhabi-wards-off-dubai-meltdown/ Global stock markets have breathed a sigh of relief after Abu Dhabi stepped in to prevent the financial collapse of its neighbour Dubai. The Central Bank of United Arab Emirates, based in Abu Dhabi, said it will support banks in the region to prevent a Lehman Brothers-style meltdown. Mon, 30 Nov 2009 12:52:18 +0000 https://www.breakingtravelnews.com/news/article/brad-pitt-and-beckhams-caught-in-new-dubai-debt-crisis/ https://www.breakingtravelnews.com/news/article/brad-pitt-and-beckhams-caught-in-new-dubai-debt-crisis/ Brad Pitt and David Beckham are thought to be among those caught up in Dubai’s latest credit squeeze, as developer Nakheel has asked creditors for a six-month “standstill” on debt repayments totalling US$59 billion. The Dubai government has also called in accountants Deloitte to advise on restructuring the business, stoking fears that Nakheel will be unable to continue with the Palm Jumeirah, leaving one of Dubai’s landmark developments a construction site. Thu, 26 Nov 2009 11:46:10 +0000 https://www.breakingtravelnews.com/news/article/btn20080317111547699/ https://www.breakingtravelnews.com/news/article/btn20080317111547699/ Dubai World Africa has acquired a major shareholding in the world-famous South African wildlife reserves Shamwari Game Reserve (pictured), Sanbona Wildlife Reserve and Jock Safari Lodge, members of the Mantis Collection. Wed, 19 Mar 2008 11:15:42 +0000 https://www.breakingtravelnews.com/news/article/btn2007081409295565/ https://www.breakingtravelnews.com/news/article/btn2007081409295565/ Work on the Middle East’s tallest free standing air traffic control (ATC) tower is moving ahead of schedule in the United Arab Emirates as the world’s largest airport - Dubai World Central International Airport (JXB) - gets ready for operations next year. Tue, 14 Aug 2007 09:29:52 +0000