Daily Business Wrap - Dubai Parks and Resorts rollercoaster results keep climbing - video Dailymotion

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Dubai Parks and Resorts reported a record 2018, growing by over 22 per cent compared to 2017.Daily headlines from the UAE and around the world brought to you by Gulf News. See more at: http://gulfnews.com/videos

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00:00A strong fourth quarter helped push Dubai Parks and Resorts overall visitation numbers

00:06for 2018 to 2.8 million, a 22% increase on the 2017 visitation numbers.

00:14The owners of the amusement park said the successful annual tourist visas being offered

00:19for the park and the annual pass had helped push the numbers up, in addition to the success

00:25of the La Pita Hotel, which is the on-site hotel at the amusement park.

00:29Also in addition to these moves, increased partnerships with Emirates Airlines and the

00:34Chinese payment system, UnionPay, had helped increase 2018's numbers in yet another successful

00:41year for the amusement park.

00:42Elsewhere, Chinese exports saw their steepest fall in two years last December, with exports

00:48reaching 4.4% and imports declining by 7.6%, in the latest sign that the world's second

00:55largest economy is losing momentum.

00:59The news sent stocks across Asia tumbling on Monday and has analysts worried that increased

01:04concerns around the trade war, which is yet to be resolved between the US and China, could

01:10yet have greater impact on the country's economy.

01:13And finally, Asian airline Cathay Pacific was faced with another blunder on Sunday as

01:18it offered travellers discounted rates for first class tickets.

01:23The airline said that it had offered a Singapore to Portugal route for $1,500 on first class,

01:31which is quite significantly less than the $16,000 it usually charges for that route.

01:38The airline said it would honour customers' tickets and wouldn't be asking them for a

01:42refund.

01:43It follows the news that Cathay Pacific last month had a large data breach and is the second

01:49consecutive time that the airline has accidentally priced first class tickets at a much lower rate.

01:56That's all for today. I'm Ed Clouds. Thank you very much for watching.

01:59You can always find the latest news at gulfnews.com. See you tomorrow.

Daily Business Wrap - Dubai Parks and Resorts rollercoaster results keep climbing

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