DUBAI: Concern over debts at Dubai’s utility provider and losses at Nakheel, builder of the emirate’s palm-shaped islands, hit markets on Wednesday, drowning out assurances by top officials that Gulf economies were sound.
The Dubai debt …

Back in September last year Nakheel said they would give a decision within 12 months over whether they would go public or not. However, in the fast paced changing world of finance and the ongoing …

Dubai property giant Nakheel — behind such grandiose projects as a one-kilometre tower and artificial palm-shaped islands — said Sunday it has fired 500 staff because of the global financial crisis.
The government-controlled developer, one of …

Nakheel, one of the world’s largest privately owned real estate developers, has announced plans to scale back work and cut staff.
Just days after the high profile arrival of the QE2 at its new home in …

The cruise liner Queen Elizabeth 2 was welcomed to its final destination of Dubai on Wednesday where it will be transformed into a luxurious floating hotel in the booming Gulf emirate.
The QE2, which sailed on …

House prices on the Palm Jebel Ali, second largest of Nakheel’s palm-shaped islands, have fallen by as much as 40 percent in the last two months as the global financial crisis sees foreign investors move …

Some love Dubai, some hate it, think what you will we have to all agree that sometimes it sounds just a little crazy. The American political show The Young Turks gives it’s slant on the …

Nakheel, Dubai’s master developer, today began on site testing for its newly delivered monorail trains on Palm Jumeirah – the first monorail service in the Middle East.
High-tech trains arrived from Japan this weekend from leading …

DUBAI (AFP) — A Dubai government firm on Monday announced it will build a “new city” in the booming Gulf emirate at a projected cost of 95 billion dollars, shrugging off the global financial turmoil.
The …

Dubai: Nakheel, the developer of the three iconic palm islands and the World, is expanding Dubai’s coastline with the launch of a massive real estate development, the Universe – which will spread from the Palm …