Mandalika Resort Area
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Mandalika Resort Area
Mandalika is a coastal resort town, resort area in Central Lombok Regency, West Nusa Tenggara, Indonesia. It is designated as a special economic zone (''Kawasan Ekonomi Khusus'' / KEK) which stretches over 1,035.67 hectares of the southern coast of the island of Lombok. Mandalika is 17 km straight from Lombok International Airport and approximately 50 km from the city centre of Mataram (city), Mataram, the province's capital. It was inaugurated by Indonesian President Joko Widodo on 20 October 2017. History The Indonesian government sold Mandalika to the Dubai Development Corporation for US$240 million in 2007. Due to the 2008 financial crisis, funding dwindled, so the Emirates had no choice but to sell Mandalika back to the Indonesian government for half of the purchase price. The Indonesian then-President Susilo Bambang Yudhoyono officiated at the groundbreaking ceremony of the Mandalika development project on 21 October 2011. Six Memorandums of Understanding (MoU) on the develo ...
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Resort Town
A resort town, resort city or resort destination is an urban area where tourism or vacationing is the primary component of the local culture and economy. A typical resort town has one or more actual resorts in the surrounding area. Sometimes the term ''resort town'' is used simply for a locale popular among tourists. One task force in British Columbia used the definition of an incorporated or unincorporated contiguous area where the ratio of transient rooms, measured in bed units, is greater than 60% of the permanent population. Generally, tourism is the main export in a resort town economy, with most residents of the area working in the tourism or resort industry. Shops and luxury boutiques selling locally themed souvenirs, motels, and unique restaurants often proliferate the downtown areas of a resort town. In the case of the United States, resort towns were created around the late 1800s and early 1900s with the development of early town-making.Crewe, Katherine. "Chandle ...
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2008 Financial Crisis
The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners and financial institutions that led to the 2000s United States housing bubble, exacerbated by predatory lending for subprime mortgages and deficiencies in regulation. Cash out refinancings had fueled an increase in consumption that could no longer be sustained when home prices declined. The first phase of the crisis was the subprime mortgage crisis, which began in early 2007, as mortgage-backed securities (MBS) tied to U.S. real estate, and a vast web of Derivative (finance), derivatives linked to those MBS, collapsed in value. A liquidity crisis spread to global institutions by mid-2007 and climaxed with the bankruptcy of Lehman Brothers in September 2008, which triggered a stock market crash and bank runs in several countries. The crisis ...
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United Nations Human Rights Council
The United Nations Human Rights Council (UNHRC) is a United Nations body whose mission is to promote and protect human rights around the world. The Council has 47 members elected for staggered three-year terms on a United Nations Regional Groups, regional group basis. The headquarters of the Council are at the United Nations Office at Geneva in Switzerland. The Council investigates allegations of breaches of human rights in United Nations member states and addresses thematic human rights issues like freedom of association and freedom of assembly, assembly, freedom of expression, Freedom of religion, freedom of belief and religion, women's rights, Sexual orientation and gender identity at the United Nations, LGBT rights, and the Minority rights, rights of racial and ethnic minorities. The Council was established by the United Nations General Assembly on 15 March 2006 to replace the United Nations Commission on Human Rights (UNCHR, herein CHR). The Council works closely with th ...
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World Superbike
Superbike World Championship (also known as WorldSBK, SBK, World Superbike, WSB, or WSBK) is a Silhouette racing car, silhouette road racing series based on heavily modified production sports motorcycles. The championship was founded in . The Superbike World Championship consists of a series of rounds held on permanent racing facilities. Each round has two full length races and, from 2019, an additional ten-lap sprint race known as the Superpole race. The results of all three races are combined to determine three annual World Championships, one for List of Superbike World champions#Riders, riders, one for List of Superbike World champions#Manufacturers, manufacturers and, The motorcycles that race in the championship are tuned versions of motorcycles available for sale to the public, by contrast with Grand Prix motorcycle racing, MotoGP where purpose built machines are used. MotoGP is the motorcycle world's equivalent of Formula One, whereas Superbike racing is similar to sports ...
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Dorna Sports
Dorna Sports, S.L. is the commercial rights' holder for the motorcycle, motorcycling sport of Grand Prix motorcycle racing, Grand Prix racing. Established in 1988 as an international sports management and marketing company, it is headquartered in Madrid, with branch offices and/or subsidiaries in Barcelona, Amsterdam, London and Rome. Established by Banco Banesto as Dorna promoción del deporte, the company was sold to CVC Capital Partners, CVC Madrid in 1998 as the operation developed internationally and was renamed Dorna Sports. Private equity group Bridgepoint has been the majority shareholder of Dorna since 2006. On 1 April 2024, it was officially announced that Liberty Media plans to take over 86% of Dorna, valuing the purchase at €4.2 billion ($4.5 billion). The purchase was expected to be completed on 31 December 2024 but the European Commission opened an investigation in December for possible monopoly by Liberty Media thus delaying the completion of the purchase. Righ ...
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Indonesian Motorcycle Grand Prix
The Indonesian motorcycle Grand Prix () is a motorcycling event that is part of the FIM Grand Prix motorcycle racing season. As a response to the 1997 Asian financial crisis, this race was dropped from the 1998 calendar. In February 2019, it was announced that the Indonesian GP would return in 2021 to be held at the Mandalika International Street Circuit, then under construction in the Mandalika resort area of Central Lombok Regency, West Nusa Tenggara. The track, claimed to be a street circuit, is the first in Grand Prix motorcycle racing since the Brno Circuit last staged a Grand Prix as a street circuit in 1986. The Grand Prix races were subsequently postponed until 2022 due to the COVID-19 pandemic. Official names and sponsors *1996–1997: Marlboro Marlboro (, ) is an American brand of cigarettes owned and manufactured by Philip Morris USA (a branch of Altria) within the United States and by Philip Morris International (PMI, now separate from Altria) in mos ...
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Superbike World Championship
Superbike World Championship (also known as WorldSBK, SBK, World Superbike, WSB, or WSBK) is a silhouette road racing series based on heavily modified production sports motorcycles. The championship was founded in . The Superbike World Championship consists of a series of rounds held on permanent racing facilities. Each round has two full length races and, from 2019, an additional ten-lap sprint race known as the Superpole race. The results of all three races are combined to determine three annual World Championships, one for riders, one for manufacturers and, The motorcycles that race in the championship are tuned versions of motorcycles available for sale to the public, by contrast with MotoGP where purpose built machines are used. MotoGP is the motorcycle world's equivalent of Formula One, whereas Superbike racing is similar to sports car racing. Europe is Superbike World Championship's traditional centre and leading market.
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MotoGP
Grand Prix motorcycle racing is the highest class of motorcycle road racing events held on Road racing, road circuits sanctioned by the Fédération Internationale de Motocyclisme (FIM). Independent motorcycle racing events have been held since the start of the twentieth century and large national events were often given the title Grand Prix. The foundation of the Fédération Internationale de Motocyclisme as the international governing body for motorcycle sport in 1949 provided the opportunity to coordinate rules and regulations in order that selected events could count towards official World Championships. It is the oldest established motorsport world championship. Grand Prix motorcycles are purpose-built racing machines that are unavailable for purchase by the general public and unable to be ridden legally on public roads. This contrasts with the various production-based categories of racing, such as the Superbike World Championship and the Isle of Man TT Races that featur ...
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Mandalika International Street Circuit
Mandalika International Street Circuit (known as Pertamina Mandalika International Street Circuit for commercial purposes) is a motorsports race track located in the Mandalika (resort area), Mandalika resort area on Lombok island, part of the West Nusa Tenggara province of Indonesia. The circuit opened by hosting rounds of the Asia Talent Cup and Superbike World Championship in late 2021, followed by Grand Prix motorcycle racing, Grand Prix motorcycle races in 2022. The sports cluster and entertainment project, measuring 120 hectares, is expected to include the construction of hotels and other facilities. As a purposely-constructed racing track with wide run-off areas, it is claimed to be a street circuit as parts may be used in future, allowing normal traffic access to new resort facilities. Dorna Sports, Dorna chief Carmelo Ezpeleta confirmed in 2019: "We've always said that we don't race in a street circuit...". Development area As part of the conservation maintenance, the v ...
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Disneyland
Disneyland is a amusement park, theme park at the Disneyland Resort in Anaheim, California. It was the first theme park opened by the Walt Disney Company and the only one designed and constructed under the direct supervision of Walt Disney, and opened on July 17, 1955. Disney initially envisioned building a tourist attraction adjacent to his Walt Disney Studios (Burbank), studios in Burbank, California, Burbank to entertain fans who wished to visit; however, he soon realized that the proposed site was too small for the ideas that he had. After hiring the Stanford Research Institute to perform a feasibility study determining an appropriate site for his project, Disney bought a site near Anaheim in 1953. The park was designed by a creative team hand-picked by Walt from internal and outside talent. They founded WED Enterprises, the precursor to today's Walt Disney Imagineering. Construction began in 1954 and the park was unveiled during a special televised press event on the Am ...
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Formula One
Formula One (F1) is the highest class of worldwide racing for open-wheel single-seater formula Auto racing, racing cars sanctioned by the Fédération Internationale de l'Automobile (FIA). The FIA Formula One World Championship has been one of the world's premier forms of motorsport since its 1950 Formula One season, inaugural running in 1950 and is often considered to be the pinnacle of motorsport. The word ''Formula racing, formula'' in the name refers to Formula One regulations, the set of rules all participant cars must follow. A Formula One season consists of a series of races, known as List of Formula One Grands Prix, Grands Prix. Grands Prix take place in multiple countries and continents on either purpose-built List of Formula One circuits, circuits or closed roads. A List of Formula One World Championship points scoring systems, points scoring system is used at Grands Prix to determine two annual World Championships: List of Formula One World Drivers' Champions, one ...
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Government Of Qatar
The political system of Qatar runs under an authoritarian semi-constitutional monarchy with the emir as head of state and chief executive, and the prime minister as the head of government. Under the Constitution of Qatar, the partially-elected Consultative Assembly has a limited ability to reject legislation and dismiss ministers. The second general election was held in 2021; political parties are banned and all candidates have to run as independents. The current hereditary emir of Qatar, Tamim bin Hamad al-Thani, runs the country in an autocratic manner and holds nearly all executive and legislative authority, as well as controlling the judiciary. He appoints the prime minister and cabinet. Political rights are severely limited in Qatar as per Freedom House. Legal system Sharia is a main source of Qatari legislation according to Qatar's constitution. Sharia, derived from the Arabic term meaning 'the path to follow,' supposedly constitutes a divine revelation conveyed by God ...
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