Dubai Holding, one of the emirate’s three big conglomerates, has reorganised its theme parks and media holdings into a new unit that will manage projects worth Dh10 billion.
Global Village and the Arab Media Group, two Dubai Holding assets, will be placed under the company’s new Family Entertainment and New Media division, which will be headed by the current AMG chief executive, Mohamed Almulla.
AMG operates Done Events, an event management company, and the Arabian Radio Network. It will also manage a number of new family destinations, Dubai Holding said in a statement.
Dubai Holding also announced board changes and leadership appointments at Tecom Group, which operates business parks across the emirate such as Dubai Media City.
Amina Al Rustamani was promoted to chairwoman of Tecom to “strategically lead a new phase of development in 10 business communities dedicated to information technology, design, media, education, industrial sector, transport and logistics, trade and life sciences within Dubai Holding”, it said.
Ayesha Sultan was appointed group chief executive of Tecom to implement the new strategy.
Dubai has embarked on a series of theme park construction projects as it aims to add to the 14.2 million tourists who visited the emirate last year, according to data from the Dubai Department of Tourism and Commerce Marketing.
The emirate aims to attract 20 million tourists annually ahead of Expo 2020.
Dubai Parks and Resorts, owned by Meraas Holding, another Dubai government asset-management company, plans to open three new theme parks, Legoland Dubai, Bollywood Parks Dubai and Motiongate Dubai, which will be based on the intellectual property of the US studio Lionsgate Films.
Dubai Holding cancelled an offer to buyback up to US$359 million of short-term notes this month, after investors sought higher returns on the paper than the company was willing to pay.
Dubai Holding’s commercial arm also owns the Jumeirah Hotels Group, Dubai Properties Group and Emirates International Telecommunications, which owns du.
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Miguel Cotto world titles:
WBO Light Welterweight champion - 2004-06
WBA Welterweight champion – 2006-08
WBO Welterweight champion – Feb 2009-Nov 2009
WBA Light Middleweight champion – 2010-12
WBC Middleweight champion – 2014-15
WBO Light Middleweight champion – Aug 2017-Dec 2017
The specs
Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
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On sale: Now
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
Company%20profile
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The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh132,000 (Countryman)
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
The specs: 2019 Mini Cooper
Price, base: Dh141,740 (three-door) / Dh165,900 (five-door)
Engine: 1.5-litre four-cylinder (Cooper) / 2.0-litre four-cylinder (Cooper S)
Power: 136hp @ 4,500rpm (Cooper) / 192hp @ 5,000rpm (Cooper S)
Torque: 220Nm @ 1,480rpm (Cooper) / 280Nm @ 1,350rpm (Cooper S)
Transmission: Seven-speed automatic
Fuel consumption, combined: 4.8L to 5.4L / 100km
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COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
