Thursday 24 April 2014
 
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ADIB closes $326m loan for Dubai theme park

Abu Dhabi Islamic Bank (ADIB) has closed a Dh1.2 billion ($326.6 million) syndicated Islamic facility for IMG Theme Park, the company behind IMG Worlds of Adventure, a mega-themed entertainment destination in Dubai.  

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Solar power for Dubai park

The Satwa Reservoir Park, one of the oldest parks in Dubai, will become the first solar-powered park in the emirate by the end of this year, a report said. Municipal officials announced that 20 per cent of the project has been com

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Ferrari Land theme park to open in Spain

PortAventura Entertainment, a subsidiary of Investindustrial, has signed a licencing deal with Ferrari to build Ferrari Land in Spain.   The new Prancing Horse theme park will be built inside the Port Aventura re

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$32m BFH car park work underway

Work is underway on a $32 million (BD12 million) car park at Bahrain Financial Harbour (BFH), which will include rooftop restaurants offering panoramic views of the capital. The 5,141 sq m Commercial West Car Park will provide 1,2

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Qatar to develop massive zoo project

Qatar is set to develop a new, world-class zoo by 2020 featuring drive-through safaris, a unique elephant walk-way over Al Waab Street and an exclusive seven-star tree-top hotel, said a top official. The zoo, on a 71 hectare site

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Qatar to develop massive zoo project

Qatar is set to develop a new, world-class zoo by 2020 featuring drive-through safaris, a unique elephant walk-way over Al Waab Street and an exclusive seven-star tree-top hotel, said a top official. The zoo, on a 71 hectare site

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DI Park final order book for sukuk at $4bn

Dubai Investments Park has recorded an order book of around $4 billion on its new $300 million, five-year Reg S sukuk transaction. The deal was launched this morning at 265 basis points over swaps, 35 bps inside of guidance.

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DI unit tightens guidance on $300m sukuk

Dubai Investments Park, a unit of Dubai Investments, has tightened pricing guidance on its $300 million debut Islamic bond issue, which will price on February 13, a document from lead managers said. The five-year sukuk, which has

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Park Hyatt Dubai appoints new sales head

Park Hyatt Dubai has appointed Roger Saad as the hotel’s new director of sales and marketing. Saad will play a primary role in assessing and planning the hotel’s sales strategy and will lead on its implementation, said

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Bahrain airport parking is streamlined

New arrangements at Bahrain International Airport's car parks have been made to ensure improved efficiency, said Transportation Minister Kamal Ahmed. He said the parking areas were now divided into categories of fast lane, sho

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