The Shangri-La Hotel, Dubai has been acquired for 1.1 billion United Arab Emirati dirhams, equivalent to almost $300 million.The 302-room hotel on Dubai’s Sheikh Zayed Rd. sold for approximately 3.64 million Emirati dirhams ($911,000) per key.It is the first prominent hotel in Dubai to change hands since the start of the conflict between the U.S. and Iran earlier this year.The Strait of Hormuz, the center of that conflict, is the border between the UAE and Iran.Gulf Business reports the buyer is local investor AHS Properties, while The National reports the seller is Mismak Properties Co., LLC, a division of First…
Author: Isla
The U.S.-Chinese trade war of 2025 lasted barely a month, but the strategic deficit it exposed had been festering for decades. On April 2, his so-called Liberation Day, U.S. President Donald Trump imposed sweeping tariffs on dozens of countries, including China, which suddenly faced average levies of nearly 75 percent. But while most governments struggled to respond, Chinese leader Xi Jinping was poised to retaliate. Two days later, Beijing not only announced comparable duties but also raised the stakes by introducing export controls on seven rare-earth elements that power everything from smartphones to fighter jets. Because China commands 90 percent…
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Europe’s entertainment and media companies need to “bulk up” and “create gravity” to compete with American studios and tech giants, the CEO of Greece’s Antenna Group told NEM Dubrovnik delegates today.In a keynote speech in Croatia followed by an interview hosted by Deadline, veteran exec Henning Tewes outlined six main themes that would define the future of entertainment in Europe. With Paramount and Warner Bros Discovery set to merge and U.S. tech and AI companies growing at vast rates, there has been much soul-searching in Europe, and Tewes’ talk attempted to address the future.More from DeadlinePrimarily, his thesis is that…
Meta said the investment is part of its wider infrastructure expansion to support its products, services and AI ambitions globally. Credit: kovop / Shutterstock.com US tech giant Meta Platforms has struck a deal with India’s Reliance Industries to lease capacity at a new artificial intelligence (AI)-enabled data centre in Jamnagar, Gujarat. Reliance will construct the facility with an initial capacity of 168MW for Meta under the agreement, with options to increase capacity later. Discover B2B Marketing That Performs Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms. Find out more The data centre will…
Chongqing Rural Commercial Bank (SEHK:3618) has drawn investor attention after shareholders approved a 2025 final cash dividend totaling CN¥1.335b and confirmed two new independent non executive directors at the recent annual meeting. See our latest analysis for Chongqing Rural Commercial Bank. The HK$6.59 share price comes after a 1-day share price return of 0.92% and a 7-day share price return of 2.81%. However, the 30-day share price return declined 2.95%. At the same time, the 3-year total shareholder return of very close to 7x and the 5-year total shareholder return above 3x point to powerful longer term momentum. If this…
With over 30 years of journalistic experience spanning from Jordan to the UAE, Khitam has spent the past 22 years reporting on national and regional news from Dubai, with a strong focus on the UAE, GCC and broader Arab affairs. As Chief News Editor, she brings extensive expertise in delivering breaking and engaging news to readers. Beginning her tenure as a translator, she advanced through roles as Senior Translator and Chief Translator before transitioning to editorial positions, culminating in her current leadership role. Her responsibilities encompass monitoring breaking news across the UAE and the broader Arab region, ensuring timely and…
AOTO has provided an XR and virtual production (VP) facility to Hong Kong Baptist University (HKBU).Unlike many standalone LED volumes or XR stages, this facility was designed as a full-production ecosystem. It brings together XR production, VP workflows, motion capture, robotic cameras, camera tracking, real-time rendering and virtual lighting synchronisation in one unified pipeline.The facility includes two dedicated studios built for different production scenarios. The XR studio is equipped with AOTO RM2.3 LED walls, an IF2.6V4X LED floor system and a Disguise workflow system. It supports seamless switching between XR and VP modes, making it suitable for virtual broadcasts, live…
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Share The Article As far as adventurous destinations go, Indonesia is definitely up there with the best in the world. From active volcanoes to white water rafting, wilderness jungle trekking to world-class surf breaks, if you’re looking for adrenaline, there is plenty to be found in Indonesia, especially in Bali and Lombok. It only takes a skim read of any old Indonesia bucket list infographic on social media to see ‘hike a volcano’ somewhere near the top. Here at The Bali Sun, we like to encourage travelers to be a little more creative with their itinerary planning, but in this…