DXB Entertainments cancels ‘Six Flags’ plan, pays Dh27.5 million

Dubai: A Dubai firm will pay $7.5 million or above Dh27.5 million to Six Flags after abandoning plans to build a version of the U.S. amusement park in the United Arab Emirates. DXB Entertainments, which runs Dubai Parks & Resorts, said Tuesday it agreed with Texas-based Six Flags Entertainment Corp. to pay the amount as “a right […]

Tesla deliveries surge as other automakers struggle

New York: Tesla reported a surge in second-quarter deliveries on Tuesday, while other US automakers suffered drops in sales for the first half of 2019, with higher vehicle costs weighing on consumers. Shares of Tesla shot higher in after-hours trading after it reported delivering 95,200 vehicles during the quarter ending June 30, a record and […]