Dubai set to woo tourists with Bollywood-themed park

May 25, 2016

Dubai, May 24: Dubai is all set to woo tourists with the world's first Bollywood-themed amusement park where visitors will be able to enjoy immersive 3-D and 4-D rides and stunts from movies such as 'Krrish' and 'RA.One' and savour a "Mughal-e-Azam" style banquet.

bollywoodpark

Dubai Parks and Resorts complex, a Dh 10.5 billion (about USD 2.75 billion) venture, will have 16 cinematic rides, six themed restaurants and 30 live shows inspired by contemporary Hindi-language blockbusters such as superstar Salman Khan's 'Dabangg', Shah Rukh Khan's 'Don', Aamir Khan's 'Lagaan' and Hrithik Roshan's 'Krrish' as well as classics like 'Sholay' and 'Mughal-E-Azam' among others.

General Manager Bollywood Parks Dubai Thomas Jellum said he is sure that apart from Indians, people from other countries will also come to Dubai to experience the vibrant celebration of India's film industry at this attraction, spread over 1.7 million square feet.

The theme park will also include Broadway-style live shows with fine-dining. Tourists will have to shell out extra at Rajmahal, a 850-seat theatre that will house a separately ticketed Broadway-style Bollywood musical.

The theme park will have a glittering opening ceremony in October attended by some of the biggest stars in Bollywood, Jellum said.

Unveiling an exclusive preview and tour of the upcoming park at a press conference here, Chief Destination Management Officer of Dubai Parks and Resorts Vinit Shah said he and his team members have tried to take all the ingredients that go into a Bollywood movie to create an experience that stays with people visiting the park.

"We went directly to the production houses to talk about the films for the concept development and for insights for the story development for our rides," Shah said.

Director, Branding and communication, Muna Harib Al Muhairi and Director Marketing, Neelabja Chowdhury said they have started selling annual passes for its parks, which will grant pass holders unlimited year-long access to as many as 100 rides and attractions across its three theme parks and one water park, among other benefits.

"Dubai Parks and Resorts is encouraging sales of the passes by throwing in exclusive preview access to the parks with early purchase," they added.

They said that the immersive 3-D and 4-D rides and stunts will offer visitors a first-hand look at behind-the-scenes action from movies such as 'Krrish' and 'RA.One'.

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THINKER
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Wednesday, 25 May 2016

Until YOU follow their way ... They will not rest.

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Agencies
April 26,2020

Riyadh, Apr 26: The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz of Saudi Arabia has issued an order to partially lift the curfew in all regions of the Kingdom, to become from 9am to 5pm, starting Sunday through Wednesday May 13, while keeping a 24-hour curfew in the holy city of Makkah and in previously isolated neighbourhoods, state news agency (SPA) said early on Sunday.

The order also allowed the opening of some economic and commercial activities, which include wholesale and retail shops in addition to malls.

They can operate for two weeks, beginning on April 29 (Wednesday) until May 13 (Ramadan 6-20), however, certain shops within malls like beauty clinics, barber salons, gyms, cinemas, and restaurants will continue to be restricted from reopening.

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News Network
March 11,2020

Mar 11: Energy giant Saudi Aramco on Wednesday said it plans to raise its crude production capacity by one million barrels per day to 13 million bpd as a price war with Russia intensifies.

"Saudi Aramco announces that it received a directive from the ministry of energy to increase its maximum sustainable capacity from 12 million bpd to 13 million bpd," the company said in a statement to the Saudi Stock Exchange.

The decision comes a day after the world's top exporter, Saudi Arabia, decided to hike production by at least 2.5 million bpd to a record 12.3 million from April.

The Saudi moves come after the collapse of an oil production reduction agreement between OPEC and non-OPEC producers, including Russia.

The deal proposed by Saudi Arabia called for additional output cuts of 1.5 million bpd to cope with the severe economic impact of the coronavirus which has sharply reduced world demand for crude.

Boosting production capacity normally takes a long time and requires billions of dollars of investment.

Several years ago, the kingdom had shelved plans to boost its crude production capacity beyond 12 million bpd after demand for OPEC oil declined in the face of stiff competition from North American shale oil and other sources.

Russia on Tuesday said it was open to renewing cooperation with the OPEC cartel even as its kingpin Saudi Arabia escalated a price war with Moscow by announcing it would flood markets with new supplies.

The oil price war broke out after OPEC and a group of non-member countries dominated by Russia -- the world's second largest producer -- on Friday failed to agree on production cuts.

Saudi Arabia responded by announcing unilateral price cuts. This prompted the oil price to plummet and fuelled huge falls on stock markets around the world on Monday.

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Agencies
July 28,2020

Dubai, Jul 28: Abu Dhabi Commercial Bank (ADCB) (ADCB.AD) is letting go hundreds of employees, sources said, the latest in a round of lay-offs by regional banks as pressure mounts to cut costs amid lower oil prices and the coronavirus crisis.

The UAE’s third-biggest lender is laying off 400 employees, two sources familiar with the matter said, after it had committed to not cutting staff because of the crisis.

In a statement, a spokesman said ADCB had pursued efficiency over the last decade by managing out its lowest underachievers after regular reviews, while ensuring talent was deployed in high-growth areas, such as digital banking.

“A certain number of redundancies are therefore expected every year in the normal course of business,” the bank spokesman added.

The sources said the cuts would involve ADCB’s consumer business and several in top management were among those being let go. One source said the bank was looking to close 20 branches.

In March, ADCB had declared, “No employee will be made redundant during 2020 as a result of the COVID-19 pandemic.”

UAE banks have been hit by government measures to rein in the spread of the virus, forcing many businesses to shut temporarily.

Last week, Dubai’s largest bank, Emirates NBD, reported a slump of 58% in profits. In June, sources told Reuters the bank started a new round of hundreds of lay-offs.

In May, ADCB reported a fall of 84% in first-quarter net profit as it took impairments of $292 million on debt exposure to troubled hospital operator NMC Health and payments group Finablr.

It was a major lender, with an exposure of about $981 million, to NMC Health, which went into administration this year after months of turmoil following questions over financial reporting.

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