Dubai theme park operator DXBE said first-quarter losses narrowed to about 360 million dirhams ($98 million) from a loss of about 564.6 million dirhams a year earlier.
It comes as the entertainment sector is hit hard by a pandemic which has closed the doors of attractions worldwide.
The company had negative operating cash flows of 49 million dirhams for the first three months of the year and has net current liabilities of 92 million dirhams as at the end of the quarter, Pricewaterhouse Coopers (PwC) said in its review of the company's accounts.
"There is inherent estimation uncertainty in the expected future cash flows which continue to be further impacted by the effect of the COVID-19 pandemic on the operations and he financial performance of the group," PwC said in results posted on the Dubai Financial Market.
The company was originally listed on the exchange in 2014. It owns Dubai Parks and Resorts which it describes as the largest integrated theme park destination in the Middle East.
Dubai theme park operator DXBE reports $98m loss
https://arab.news/bxe4q
Dubai theme park operator DXBE reports $98m loss
- Negative operating cash flows of 49 million dirhams in Q1
- Theme park company originally listed in 2014
Oman tourism strengthens as hotel guests hit 2.14m, revenues rise 21%
JEDDAH: Oman’s tourism sector strengthened through November, with hotel guest numbers rising to 2.14 million and revenues at higher-end properties jumping more than 21 percent, supported by events and air travel.
Hotel revenues at three- to five-star properties reached nearly 258 million Omani rials ($670 million), up from 212.4 million rials during the same period in 2024, while average occupancy increased to 55.4 percent from 48.6 percent, according to official data published by the Oman News Agency.
Domestic tourism continued to underpin growth, with Omani guests increasing 7 percent to 791,286. Visitors from Gulf Cooperation Council countries rose 7.4 percent to 195,825, while arrivals from other Arab nations slipped 1.6 percent to just over 94,000.
“These indicators reflect the positive performance of Oman’s hotel sector, supported by the ongoing growth in tourism activity,” the ONA report stated.
International demand strengthened across key markets. Guests from Asia increased by 10 percent to 305,460, and African visitors rose by 19.3 percent to 13,246, while European arrivals jumped 23 percent to 574,243.
Travelers from the US increased nearly 30 percent to 69,697, and arrivals from Oceania surged 35.5 percent to 38,028. African visitors rose 19.3 percent to 13,246.
Growth in leisure travel was complemented by expanding business and events activity. The Oman Convention and Exhibition Center generated a direct economic impact of nearly 15 million rials in 2025, hosting regional and international events that attracted 20,000 participants and investors from around 60 countries, ONA reported.
Said bin Salim Al-Shanfari, CEO of OCEC, said the center’s achievements reflect its role as a national platform that directly supports the economy while enhancing Oman’s competitiveness in conferences, exhibitions, and events.
He highlighted that OCEC hosted over 250 local, regional, and international events, attracting more than 1.9 million visitors, participants, and investors. He also emphasized the center’s support for over 100 small and medium-sized enterprises and graduation ceremonies for 65,000 students, reinforcing its social and economic role.
Cultural and artistic events, including concerts and exhibitions, attracted more than 11,000 visitors, contributing to longer stays and higher hotel occupancy.
The CEO concluded that OCEC is progressing confidently, utilizing strategic partnerships to attract more events and strengthen its role as a hub that connects business, culture, and society while boosting Oman’s regional and international standing.
Air travel data reinforced the recovery trend. Passenger numbers at Muscat International Airport rose 1.8 percent to nearly 11.94 million by the end of November, even as total flights declined 4.1 percent to 84,296.
“The data showed that international flights at Muscat International Airport totaled 75,460, down 5.2 percent, carrying 10.72 million passengers, up 0.7 percent. Meanwhile, domestic flights rose 6.7 percent to 8,836, carrying around 1.22 million passengers, a 12.5 percent increase,” a separate ONA report stated, citing NCSI.
At Salalah Airport, passengers rose 10 percent to over 1.57 million, while total flights increased around 6 percent to 10,237. International flights totaled 4,489, carrying 622,198 passengers, down 0.7 percent, while domestic flights rose 13.6 percent to 5,748, carrying 952,098 passengers, up 18.3 percent.
