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FINANCIAL NEWS
First Waldorf Astoria resort to open Dubai
18 Oct 2011
(MENAFN) Al Habtoor Group signed a deal with hospitality chain Hilton Worldwide to open the first Waldorf Astoria hotel in Dubai’s Palm, Arabian Business reported.
The launch will break the state-backed monopoly Atlantis which, until recently, had benefited from being the Palm’s sole hotel since its opening three years ago.
The planned USD272 million resort was halted in the wake of the financial crisis that hit Dubai’s real estate market.
The Dubai-based conglomerate Al Habtoor said last month it would restart construction work on the hotel. The property would be managed under Hilton’s Waldorf Astoria brand, it said recently.
Hilton Worldwide has signed 18 new hotels in the Middle East and Africa this year, taking its total number of hotels in the development pipeline in the region to 40.
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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