Morning round-up: Palm monorail for Dh25

Nakheel

's long-awaited Dh2.1bn Palm Jumeirah Monorail opened on May 1. Xpress

. It's Dh15 for a single ride. The trains take nine minutes to get from Gateway Towers on the trunk of the island to Atlantis, stopping at two other stops along the way. So far, it sounds like the train is a bit empty, but then again the tourists may not have heard about it yet.

Amlak Finance

is

, Reuters reports.

Max Hamidi

, the chief financial officer of Amlak, said the company was experiencing "more" of these and said he expected the issue to get even worse. And, as usual, someone said the Government was making a decision "in weeks" about Amlak's merger with

Tamweel

.

Emirates Airlines

for a US$490m hotel with 1,614 rooms in Dubai, Arabian Business reports.

Marriot

will be the operator and the hotel will be located on Sheikh Zayed Road, near Business Bay. In other hospitality news,

TDIC

's Sir Bani Yas Island - the nature preserve West of Abu Dhabi -

, Jen Gerson reports in The National.

The developer of the 501-metre tall

Burj Al Alam

tower in Business Bay

. The project has been cut down to Dh1bn from Dh3bn "primarily due to  lower costs of building materials", the

Fortune Group

said.