Rescue of Dubai Bank exposes Emaar again

The builder of Burj Khalifa, the world's tallest tower, may write down the entire value of its Dh172.4 million investment in Dubai Bank as soon as the second quarter, the investment bank EFG-Hermes told investors in a note yesterday. The Dubai Government has taken control of the lender and says it will inject capital "to ensure that Dubai Bank's business continues uninterrupted".

Depa returns to profitabily in first half 2011

Mr Mohannad Sweid, CEO of Depa, commented: “Overall performance was strong on many fronts. Our successful diversification strategy reduced the impact of the global macroeconomic and regional geo-political environment on our results and backlog growth.

Bloomingdale’s opens only international outpost in shadow of world’s tallest tower in Dubai

Dubai's crown prince inaugurated the first international branch of the Manhattan institution, famous for its "big brown bag" totes, in the Middle East's biggest shopping mall Sunday. Bloomie's Dubai outpost includes a 13,600 square metre clothing and accessories store and a nearby 5,000 square metre home furnishings store. Both stores are in the Dubai Mall, next to the world's tallest tower, Burj Khalifa.

Tom Cruise does his own stunts at 800 metres

Eager crowds may catch their final glimpses of Tom Cruise this week as filming outside the Burj Khalifa for Mission: Impossible Ghost Protocol wraps up. The Hollywood star has been dangling off the world's tallest tower this week, reprising his role as Ethan Hunt in the fourth instalment of the spy thrillers. On Saturday, he dropped down to the observation tower on the 124th floor to the shock - and delight - of tourists inside.

Dubai’s Burj Khalifa builder Emaar profit drops 69 percent on fewer home handovers, writedown

Emaar Properties said Tuesday it earned 250 million dirhams ($68.1 million) from April through June, compared with the 802 million dirhams booked in the same period a year earlier. This year’s figure includes a 172 million dirham charge to cover Emaar’s 30 percent stake in Dubai Bank.

Omniyat brings The Pad to Burj Khalifa

Developer Omniyat is re-configuring The Pad in the Burj Khalifa District and will now offer furnished apartments, instead of just residential apartments under the original model.

Crystal supports international artist, Jaume Plensa in creating spectacular artwork for Burj Khalifa Tower...

International water feature specialist Crystal is delighted to have supported major contemporary artist Jaume Plensa, on the 'World Voices' sculpture at the Burj Khalifa Tower in Dubai, U.A.E. Commissioned by EMAAR Properties. The art installation has the pride of place in the Burj Khalifa's dramatic residential entrance lobby in the iconic tower - now the world's tallest building.

Skyscrapers express wealth and power of the city

Many press people from around the world wanted to know our opinions and insights on all sorts of questions, such as what the launch of Burj Khalifa symbolises in terms of advancements, what the main factors are that differentiate Burj Khalifa from other tall buildings, what does the launch of Burj Khalifa mean for Dubai, and what is the most impressive aspect of the building?

4 ‘secret’ Dubai spots to watch Burj Khalifa fireworks

Everyone who is not going anywhere else this New Year's Eve knows that the Burj Khalifa fireworks are not to be missed. Every resident has, by now, come up with...

Shaikh Mohammed praises Expo team

His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Sunday praised the level of preparations and the persistent efforts of the Higher Committee to Host the World Expo 2020 and expressed confidence in their ability to make this national quest a reality.

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Burj Khalifa opens highest lounge in world to public

Burj Khalifa opens highest lounge in world to public

The Lounge - Burj Khalifa Dubai

Samsung takes over Dubai’s Burj Khalifa to promote Galaxy S9

The company became the first tech brand to be represented on the building in an LED display. There was also a chance for consumers to...