Dirhams & Dollars

With plenty to discuss, we start with the announcement of two new hotels on the $2.2 billion Bluewaters island. In partnership with developer Meraas, the first Caesars Palace outside of Las Vegas is set to open towards the end of this year, with one key feature missing: Unlike its counterpart in Vegas, this hotel won’t have a casino. We discuss what this means for Dubai’s tourism industry, and the what kind of entertainment the hotel might provide instead. Fittingly, this week also sees the return of the Arabian Hotel Investment Conference. We discuss some of the key issues set to be discussed at the event. Might timeshares also be on the agenda at the event? Well, they’re more likely to be, after Dubai announced economic stimulus plans. Sarah walks us through what it all means.