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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'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 exposure of banks in India at $537 mn

 The government on Friday said that as many as seven banks in India, including SBI and ICICI Bank, had exposure worth $537 million in Dubai World and other group companies at the time of the......

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......

Dubai govt to pump $9.5 bn in Dubai World

 The Dubai government will pump in $9.5 billion into the debt-laden conglomerate Dubai World, which submitted its plan to restructure debt worth $23.5 billion to its creditors. As part of its......

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',......

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