Emirates

Travel Trends: The New Joys and Pitfalls of Traveling in 2013

The travel industry is trying win back the hearts of America's traveling public -- but that doesn't mean there's no turbulence ahead. Whether you're planning a weekend jaunt or a trip around the world, here are the travel trends you can expect in 2013.

Emirates Chief to Take Over as Head of Dubai World

Sheikh Ahmed bin Saeed Al Maktoum, head of the Emirates airline, is taking over as chairman of Dubai World as the company struggles to restructure. Dubai%u2019s government said today that Sheikh Ahmed will replace Sultan Ahmed bin Sulayem, who oversaw the construction of palm-shaped islands off the emirate%u2019s coast, Bloomberg News reported.

Dubai World Reaches Deal to Restructure $24.9 Billion of Liabilities

Dubai World, the state-owned conglomerate, reached a deal to restructure about $24.9 billion of liabilities. Dubai%u2019s government said that Dubai World reached an agreement with more than 99% of its creditors, Reuters reported. In a separate statement, Dubai World said it plans to close the restructuring in "the coming weeks."