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President Emmanuel Macron should have appointed a prime minister from their ranks, said the left-wing lawmakers
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Union Gets Offers for Ritz Carlton
DUBAI - Dubai’s Union Properties has received “negotiable” offers for its Ritz Carlton hotel in Dubai, which the debt-laden firm is hoping to sell for about Dh1.5 billion ($408.4 million), its chairman said on Wednesday.
The third-largest developer in the Gulf Arab emirate has been hit by the global downturn, which has sent prices in Dubai’s once-booming property sector tumbling some 50 per cent from their peaks in 2008.
“There are different groups of people we are talking to ... Westerners, Qataris, Saudis and local companies with regards to selling the Ritz Carlton,” chairman Khalid bin Kalban told Reuters.
“We are waiting to get the right price ... one or two have given a negotiable price.” In February, the firm, which posted a third consecutive quarterly loss on provisions for contracting and property revaluation, said several investors were interested in the hotel located at a prime site in the Dubai International Financial Centre.
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