World’s Tallest Tower – The Burj Khalifa – Is Opened
Mon, 4/01/10 – 21:09 | No Comment

The Burj Khalifa has finally opened its doors amid fanfare and fireworks. The building is the tallest man-made structure ever built, at 828 m, some 300 m taller than its nearest rival, Taiwan’s Taipei 101. It cost over US $1.5 billion to construct and has made headlines all over the world.

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Whatever you do DON’T LOOK DOWN
Sun, 6/12/09 – 20:44 | No Comment

OK, ok, ok … so Dubai is in crisis, but next month’s sees the opening of the Burj Dubai, which will probably mark the end of the golden era of crazy architecture in the UAE principality.

A Week After Meltdown Dubai Company to Buy Cargo Operations at Heathrow
Thu, 3/12/09 – 23:33 | No Comment

Dec. 3 (Bloomberg) — A Dubai-government owned company will buy cargo and ground handling operations at London’s Heathrow airport, a week after the emirate announced it would seek to restructure the debt of Dubai World.
Dnata, …

European stocks rise as Dubai concerns ease
Thu, 3/12/09 – 23:27 | No Comment

LONDON — Europe’s main stock markets recovered further on Thursday, boosted by rallying banking shares as concerns about Dubai’s debt crisis eased, analysts said.
In late morning European deals, London’s benchmark FTSE 100 index was up …

Family of murdered boy: ‘Execute the killer’
Thu, 3/12/09 – 23:23 | No Comment
Family of murdered boy: ‘Execute the killer’

Residents of Al Qusais were in shock over the gruesome rape and murder of a four-year-old Pakistani boy inside the toilet of a mosque where his father prays regularly.
The parents of Mousa – who was …

How did Dubai End up in Vegas?
Wed, 2/12/09 – 22:13 | One Comment
How did Dubai End up in Vegas?

Dubai World are about to finally open up the luxurious Vdara Hotel on the Las Vegas strip. The fact that you won’t be able to drink alcohol, smoke or gamble within its lavish rooms, which come at an astonishing £1200 a night I might add, sits at odds with Vegas itself. However that’s not the point, what is Dubai doing in Vegas at all?

Qatari stocks dive on Dubai debt worries
Tue, 1/12/09 – 22:55 | No Comment

Qatari stocks tumbled 8.27% yesterday amid worries the country could be exposed to the Dubai debt crisis.
On the first day of trading after the Dubai debt crisis, Qatari shares lost 595 points to close at …

Dubai debt tests laws of islamic financing
Tue, 1/12/09 – 22:51 | No Comment
Dubai debt tests laws of islamic financing

The debt crisis in Dubai is about to test one of the fastest-growing areas in banking, Islamic finance, and put the city-state’s opaque judicial system on trial, according to bankers and experts in finance.
Many loans …

Dubai Property “Investors” Could Lose Everything
Tue, 1/12/09 – 22:31 | No Comment
Dubai Property “Investors” Could Lose Everything

Not only have several Dubai developers taken large deposits and folded or vanished with the money over the last few months but now the Sheikh himself cannot afford to support his property development vehicle, Dubai …

Dubai World’s Debt NOT Guaranteed by Government
Mon, 30/11/09 – 16:33 | No Comment
Dubai World’s Debt NOT Guaranteed by Government

Nov. 30 (Bloomberg) — Dubai’s government said it hasn’t guaranteed the debt of Dubai World, the state-controlled holding company struggling with $59 billion in liabilities, and that creditors must help it restructure.
“It is correct that …

Dubai banks given extra liquidity
Sun, 29/11/09 – 20:16 | No Comment

The central bank of the United Arab Emirates (UAE) has said it will provide banks with extra liquidity.
The news comes days after the state-owned Dubai World said it would ask for an extension on repaying …

What assets Dubai could be forced to sell
Sun, 29/11/09 – 16:29 | No Comment

DUBAI (Reuters) – Dubai will attempt to reassure markets and investors on Monday on how it plans to restructure its beleaguered conglomerate Dubai World after it requested a shock standstill from bondholders for a $3.5 …