Dubai mall plans $273m expansion

Updated 10 September 2013
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Dubai mall plans $273m expansion

DUBAI: Dubai's Majid Al Futtaim (MAF) will spend about one billion dirhams ($272.3 million) expanding one of the emirate's largest malls, which houses an indoor ski slope, in a further sign of a revival in its retail and tourism market.
Dubai is seen as a safe haven amid regional unrest that began with the Arab Spring in 2010, helping the emirate attract more visitors to its luxury shopping malls.
Dubai attracted 5.5 million tourists in the first half of 2013, a 11.1 percent increase on the year, the emirate's tourism department said in July. Its airport aims to overtake London's Heathrow as the world's biggest airport by passengers by 2020.
Mall of the Emirates will be redeveloped to include a new fashion district, luxury retail, and sports and leisure precinct, MAF, the operators of Carrefour stores in the Middle East, said in a statement.
The mall is one of the key attractions in Dubai as it houses the only indoor ski resort in the region.
It was the largest indoor ski park in the world when it was launched in 2005 and was promoted as an attraction for tourists and residents during the hot summer months in the Gulf state.
Phase one of the expansion has already begun, which is a new 100-million-dirham district dedicated to contemporary fashion, the statement said.
The mall was last expanded in 2010 to include more fashion outlets.
MAF has been on an aggressive expansion drive and bought the remaining 25 percent from Carrefour in its a Middle East joint venture in May.
The company plans to raise a $1.5 billion loan to refinance its debt, sources said last week.
Earlier this year Dubai Mall, the world largest mall owned by property developer Emaar Properties, announced plans to expand the mall by another 1 million square feet in the first phase.


Air France, Emirates maintain Cairo flights after British Air suspension

Updated 21 July 2019
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Air France, Emirates maintain Cairo flights after British Air suspension

  • British Airways, a unit of IAG, said it was suspending flights to Cairo for seven days “as a precaution”
  • Germany’s Lufthansa later said it had canceled its flights to Cairo from Munich and Frankfurt and would resume its connection

PARIS: Air France, Emirates and Etihad Airways are continuing to operate flights to Cairo after British Airways and Lufthansa suspended services to Egypt’s capital.
International Airlines Group’s British Airways suspended flights on Saturday for seven days “as a security precaution” as it reviews security at Cairo airport.
Germany’s Lufthansa later said it canceled services from Munich and Frankfurt to Cairo and would resume flights on Sunday.
“In liaison with the French authorities and the local authorities in Egypt, Air France has decided to maintain its service to Cairo,” a spokesman said in a statement sent to Reuters.
An Emirates spokeswoman said its flights were operating to schedule.
“We are closely assessing the situation and are in contact with the relevant aviation authorities with regards to our flight operations to Egypt,” the spokeswoman said.
The website for Abu Dhabi’s Etihad showed its services were also operating.
“Etihad Airways is monitoring the security situation in Cairo,” an airline spokesman said.