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Exclusively housed in the distinctive Burj Dubai tower, the world's tallest building, the Armani Hotel Dubai is the first of a series of hotels, resorts and residences designed by Giorgio Armani to be opened around the globe and marks ...
Continue reading...Tuesday, February 2, 2010
Dubai Globe: Sea versus Economy. Above: artist impression 2003 | below: Nasa January 2010. When developers launched the globe project just off Dubai's coast in 2003, they hoped that the rich and famous would land there to populate the ...
Continue reading...Tuesday, December 15, 2009
Construction may be continuing in Dubai , but giant real estate developer Dubai World -- which manages projects across the globe -- shook world financial markets by asking for a six-month moratorium on paying interest on debt estimated ...
Continue reading...Saturday, December 5, 2009
The Persian Gulf emirate Dubai is seeking to defer debt payment on nearly $90 billion in liabilities from their state-run companies.
Continue reading...Friday, November 27, 2009
HONG KONG — The fallout from Dubai's debt crisis rippled across the globe Friday, raising concerns of another wave of financial turmoil and showing how vulnerable the world economy remains despite signs of recovery.
Continue reading...Friday, November 27, 2009
“Perhaps Dubai's debt includes sizeable off-balance sheet liabilities that imply a total debt burden well above the $80 billion to $90 billion markets have estimated so far,” real estate analyst Saud Masud wrote in a note yesterday. ...
Continue reading...Friday, November 27, 2009
Late Wednesday, Dubai said it has asked for a stay on two of its largest companies' debt, sending world markets skidding as investors lost confidence and tried to get a grip on banks' exposure to the debt.
Continue reading...Friday, November 27, 2009
Back in the heady days of 2006 some 30000 cranes, roughly a quarter of total global capacity, were busy whirring away in Dubai . Today most of these devices have either left to find service in other parts of the globe, or lie silent, ...
Continue reading...Sunday, November 8, 2009
As one of the world's fastest growing business and tourist destinations, Dubai provides an ideal meeting point for industry friends and colleagues from around the globe. DIFF creates an exciting atmosphere for exchanging ideas among a ...
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Monday, February 8, 2010
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