Leisure & Hospitality Real Madrid World theme park set to open in Dubai By Pramod Kumar November 17, 2023, 5:43 AM Dubai Parks Real Madrid World will include family-friendly attractions, themed food and dining and retail stores Real Madrid World – the first-ever football theme park – will open in Dubai. The amusement park will have “adrenaline-pumping themed attractions, immersive experiences and fan engagement opportunities, celebrating football and basketball the Real Madrid way,” Dubai Parks and Resorts and Real Madrid said in a joint statement. UAE’s indoor entertainment smashes it out of the park Saudi Arabia to host 2034 World Cup Real Madrid World will host new experiences, including family-friendly attractions, themed food and dining and retail stores featuring official Real Madrid merchandise. Specific details of the park will be announced soon, the statement said. Spanish club Real Madrid reported a profit of €11.8 million ($13.25 million) for 2022-23. The football club has remained profitable over the last four financial years. The €893 million renovation project of the Bernabeu stadium will conclude by year-end. Dubai Parks in April announced the permanent closure of Bollywood Parks, a theme park based on popular movies from the Indian movie industry. “Bollywood Parks Dubai will close permanently from April 20, 2023,” the park wrote on Instagram. Bollywood Parks was opened in 2016, with an event hosted by Indian actor Shah Rukh Khan.
Energy Turkey to triple cross-border electricity links Turkey is aiming to triple its electricity interconnections with neighbouring countries and is set to supply power to Syria soon, a news report said. Ankara is currently supplying electricity to Iraq, Daily Sabah newspaper reported citing energy and natural resources minister Alparslan Bayraktar’s speech at a panel discussion at the International Renewable Energy Agency (Irena) […] 3 hours ago
Construction Abu Dhabi buys stake in US power company for $500m A subsidiary of Abu Dhabi Investment Authority (Adia) will acquire a minority stake in Alpha Generation (AlphaGen), a US-based power infrastructure company, by investing $500 million, amid a surge in power demand. The investment is subject to regulatory approvals and is expected to close in the first half of 2025. AlphaGen is owned by affiliates […] 2 hours ago
Energy Oil prices remain near four-month highs above $80 Oil prices slipped at market open on Tuesday but remained near four-month highs as Chinese and Indian buyers sought new suppliers in the wake of the Biden administration’s toughest sanctions yet on Russian oil. Brent futures slipped 22 cents, or 0.27 percent, to $80.79 a barrel by 01:22 GMT, while US West Texas Intermediate (WTI) crude fell 16 cents, […] 2 hours ago
Banking & Finance Qatar National Bank reports strong profit growth Qatar National Bank, the Middle East and Africa’s largest lender by assets, reported a 11 percent rise in fourth-quarter profit on Monday as net interest and fee income increased. QNB, which is 50 percent owned by Qatar’s government, dominates the country’s banking sector and has sizeable operations in Egypt and Turkey. It made a fourth-quarter […] 9 hours ago
