1. Atlantis Hotel’s $20 million party, Dubai: As the rest of the world struggled under the weight of imminent recession, Dubai acted like the credit crunch was a dream. The launch party for the emirate’s $1.5 billion hotel resort – complete with a $ [...]
AS THE United Arab Emirates’ Year of National Identity draws to a close, members of the country’s Federal National Council are urging the government to do more to protect its citizens’ fragile sense of national identity. This includes taking measure [...]
DUBAI ISLAMIC Bank (DIB) has repossessed a stretch of land in Dubailand, a multi-billion dollar luxury theme park, sending shares in the bank to their lowest level since mid-2007. The seizure of the Plantation – a 20-million-square foot equestrian a [...]
IT HAS been a bad week for the United Arab Emirates. Dubai has been beset by a spate of high-profile detentions and corporate scandals. The latest twist came when Abdulla Nasser Abdulla, deputy chief executive of Tamweel, a mortgage lender, was deta [...]
