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This spectacular Dubai fountain broke the world record!

 The glitzy emirate of Dubai broke the record for the world’s largest fountain on Thursday. Photograph: Ahmed Jadallah/Reuters Located at The Pointe in Dubai’s waterfront Palm Jumeirah......

Dubai restructures Nakheel board

 The Dubai government has restructured the board of Nakheel, the troubled realty arm of debt-ridden company Dubai World, naming Ali Rashed Ahmed Lootah as new chairman. Lootah replaced Sultan Ahmed......

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 crisis: Nakheel asks for trading suspension

 Emirates leading property developer, Nakheel on Monday asked for suspension in trading of all its (Sukuks) Islamic bonds as Dubai's and its neighbouring Abu Dhabi stock exchange went into a free......

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 World plans alternatives for $26 bn debt

 In a 'constructive' progress to move out of its debt repayment crisis, troubled conglomerate Dubai World has said it is considering alternatives for obligations worth $26 billion, an amount nearly......

The World: Dubai's latest wonder

 The world just got more breathtaking. If natural beauty has left us charmed with its intricacies, here comes an artificial wonder from the mega bucks city of Dubai to sweep us off the feet.A......

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