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<title>Dubai World bids for New York hotel</title>
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<description><![CDATA[Dubai World and US hospitality firm MGM Mirage, in which it owns a 9.6% stake, are in talks to buy a prime hotel spot in New York. The two are in discussions to buy the $580m Drake Hotel site from its developer, using defaulted debt and interest to pay for it.]]></description>
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<title>Kazakh developer unveils project on The World</title>
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<pubDate>Thu, 15 May 2008 08:04:38 +0400</pubDate>
<description><![CDATA[City-D Investments Ltd, the international arm of a property developer in the former Soviet republic of Kazakhstan, has launched the Pangkor Laut Luxury Resort, Residence &amp; Spa Village at Dubai&#039;s The World. A five-star multi-module resort property, the project is set for completion by 2010. Pangkor Laut is a Malaysian brand name of luxury resort managed by YTL Hotels &amp; Properties, the developer said in a statement yesterday.]]></description>
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<title>South America seeks more ME travellers</title>
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<pubDate>Wed, 14 May 2008 08:16:41 +0400</pubDate>
<description><![CDATA[South American nations are seeking to lure more Middle Eastern tourists in their efforts to attract more visitors to their countries, reported Gulf News. Countries such as Argentina and Brazil are urging travellers from the Gulf to look beyond the traditional destinations of Asia and Europe, and are promoting their diverse attractions from the Amazon rainforests to the glaciers of Patagonia.]]></description>
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<title>IHG to build hotel in Damascus</title>
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<pubDate>Tue, 13 May 2008 08:24:04 +0400</pubDate>
<description><![CDATA[InterContinental Hotels Group (IHG) has signed an exclusive agreement with MAK Hotel Holdings, a member of the M.A. Kharafi Group of Kuwait, to develop an InterContinental Hotel in the Syrian capital. Located in the city centre, the 370-room InterContinental Damascus, due for completion in 2010, will form part of the capital’s only integrated development which will include a shopping mall, cinema complex and office space.]]></description>
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<title>UAE tourism to hit $78bn in 2008</title>
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<description><![CDATA[The UAE&#039;s hotel and tourism sector is expected to generate Dhs286.2bn ($78bn) in revenues and contribute 6.4% directly to the national GDP in 2008, Shaikha Lubna Al Qasimi, Minister of Foreign Trade, said on Monday. The UAE is now ranked as the leading Arab tourism destination and is among the top 20 in the world out of 124 countries surveyed by the World Economic Forum. The sector is expected to expand to Dhs498.8bn by 2018, reported Gulf News.]]></description>
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