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18/06/2007
QE2 to be sold to Dubai World
The QE2 liner is to be sold to the Dubai World company in a deal worth more than £50 million.
The 70,000-tonne Cunard vessel, which was launched by the Queen in 1967, will be turned into a luxury floating hotel, which will be based at a pier at the Palm Jumeirah development.
Istithmar, the investment arm of Dubai World, purchased the QE2. The company also owns shipping company P&O.
(KMcA/JM)
The 70,000-tonne Cunard vessel, which was launched by the Queen in 1967, will be turned into a luxury floating hotel, which will be based at a pier at the Palm Jumeirah development.
Istithmar, the investment arm of Dubai World, purchased the QE2. The company also owns shipping company P&O.
(KMcA/JM)
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BBC World Service Cuts International Output
BBC World Service has released details of its response to a cut to its Grant-in-Aid funding from the UK's Foreign & Commonwealth Office - with fewer language services as a result. BBC World Service is to carry out a fundamental restructure in order to meet the 16% savings target required by the Government's Spending Review of 20 October last year.
BBC World Service Cuts International Output
BBC World Service has released details of its response to a cut to its Grant-in-Aid funding from the UK's Foreign & Commonwealth Office - with fewer language services as a result. BBC World Service is to carry out a fundamental restructure in order to meet the 16% savings target required by the Government's Spending Review of 20 October last year.
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