On Thursday, Dubai’s government said it will inject about $9.5 billion into Dubai World and real estate developer Nakheel but didn’t outline details of plans to settle a debt restructuring deal with banks. According to a statement by the Dubai government, cash for Dubai World “will be funded by $5.7 billion remaining from the loan [...]
As investors speculated that the opening of the world’s tallest tower Monday will boost earnings at Emaar Properties PJSC, Dubai’s benchmark index rose to the highest in two weeks, leading gains among Gulf markets. The United Arab Emirates’ biggest real-estate company and developer of the Burj Dubai, Emaar, climbed to the highest since November. Arabtec [...]
If you think you’ve seen the tallest buildings, you ain’t seen nothing yet. Because the tallest building you’ve ever seen is already trumped by Dubai. On Monday, Dubai will open Burj Dubai, the world’s tallest skyscraper. The developer is Emaar, the giant property firm part-owned by the government. As of now we still don’t know [...]
This is how the Burj Dubai would look like if it were placed right smack in Midtown Manhattan! The Burj Dubai is the tallest man-made structure ever built, at 818 m (2,684 ft) and has been designed to be the centerpiece of a large-scale, mixed-use development that will include 30,000 homes, nine hotels such as [...]
A Lebanese national was arrested in Dubai after alleged arguments with a local resident about Victoria Beckham on his t-shirt. Beckham is shown nearly nude, with her private parts obscured by either her hands or the t-shirt text, “Protect the skin that you’re in”.
