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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......

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.......

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 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......

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......

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