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Shah Rukh Khan's Dubai villa gets income tax relief

Called Signature Villa, the property was gifted to him by Nakheel Public Joint Stock Company. The dispute was over whether this was a gift or payment for services Khan had rendered to the company.......

DLF, Nakheel in $10 bn townships venture

DLF Ltd is forging a 50:50 joint venture with Nakheel, a large property developer of the UAE, for two integrated townships in India at a whopping investment of $10 billion. Set up under the......

Dubai's The World: A paradise that never was

Before the sub-prime caught the world economy off-guard, Dubai was planning several mega-projects, including The World, an artificial archipelago of various small islands constructed in the rough......

Dubai opens world's tallest building to public

Burj Dubai, the world's tallest tower that stands at 828 metres high, was inaugurated on Monday by Dubai ruler Sheikh Mohammad, who sprang a surprise by renaming the skyscraper 'Burj Khalifa',......

Abu Dhabi gives Dubai $10 billion to cover debt

The Dubai government said on Monday that Abu Dhabi has agreed to give $10 billion in emergency funds that will go toward paying debts owed by its Dubai World conglomerate.It said $4.1 billion of......

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