Daily Business Wrap - Six Flags Dubai project postponed indefinitely - video Dailymotion

DXB Entertainments says funding for Six Flags Dubai no longer available, and Saudi Arabia to bring in more cinemas and live performances.

Transcript

00:00If you were waiting to visit the Six Flags theme park in Dubai this year, you may just

00:05have to ask those plans.

00:07Developer DXBE Entertainment said on Thursday that it cannot proceed with the project at

00:12this time.

00:13The developer, which also runs Dubai Parks and Resorts, said that financing for the Six

00:16Flags project is no longer available and that it will provide updates in due course.

00:21In its statement, DXBE Entertainment said that those who were financing the projects

00:25were concerned about the revised projections for Six Flags in Dubai.

00:29In other news, Saudi Arabia will be expanding its young entertainment sector and will see

00:33new outdoor cinemas, live performances and theatre performances soon.

00:37The General Entertainment Authority signed a number of Memorandums of Understanding in

00:41London with a group of entities in order to bring new performances and new options to

00:45the entertainment industry in Saudi Arabia.

00:48The deals will see theatrical performances such as Thriller, as well as color runs and

00:52a video game exhibition come to Saudi Arabia.

00:55And finally, in the UK, the Bank of England held interest rates steady at 0.75% on Thursday

01:01as policy makers said that the UK economy is slowing down in 2019 after having weakened

01:07in 2018.

01:08The Sterling fell on the news as the Bank of England said that the slowdown is a reflection

01:12of the uncertainty around Brexit.

01:13Meanwhile, Prime Minister Theresa May is currently in Brussels in order to try to renegotiate

01:18some aspects of the Brexit deal.

01:20To check out more details on these stories and more, please check us out at gulfnews.com

01:23forward slash business.

01:25This has been the Daily Business Wrap.

01:26Thank you so much for watching.