General Travel News

Dubai World Proposes Rescue Plan For City Center

Dubai World has put forward a plan to save the financially troubled City Center project. The proposal requires that the billions of dollars necessary to complete the project be pledged.  Dubai World is Dubai’s government owned investment agency.  They partnered with MGM Mirage to develop the City Center Project, and recently sued MGM Mirage in order to protect its $4.3 billion investment if MGM Mirage goes into bankruptcy. Dubai World’s proposal would require Dubai World, MGM Mirage, and investors to come up with $3 billion to avoid a construction slowdown in the $8.6 billion City Center resort and casino project. MGM’s financial situation has worsened and last month Dubai World did not contribute its half of the $200 million construction payment

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Featured Sights To See
Solidere Clock Tower

Solidere Clock Tower

Beirut, Lebanon

Located in Nejmeh Square (nejmeh means star, and is so named because the six roads converging on the square resemble a star) in Downtown Beirut, the Solidere Clock Tower is an iconic symbol of Beirut.  It dates from the French Mandate and is one of the few historic structures that remain intact in Downtown.  The tower managed to survive the civil war relatively unscathed. Other than the clock...

Number 29 Georgian House Museum

Number 29 Georgian House Museum

Dublin, Ireland

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Al-Bustan Palace Hotel

Al-Bustan Palace Hotel

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Fraumünster

Fraumünster

Zurich, Switzerland

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