Arabtec profit slashed by 50%
UAE's largest contractor posts loss for last quarter of 2009. The UAE’s largest contractor Arabtec has posted a loss for the last quarter of 2009, with profit for the full year slashed by 50%. The contractor, whose projects include the world’s tallest tower, the Burj Khalifa, blamed the results on a charge of about $80m (£53.5m) for bad debts.
Dubai’s decline a technical setback
Readers of Daily Commercial News may have noticed the recent article about an elevator failure that caused Burj Khalifa in Dubai, to be closed just a month after its grand opening. Its promoters were calling it the world’s first building in motion.
The architecture firm that reached for the sky
Burj Khalifa. The Sears Tower. The World Trade Center... If it's a colossal construction, then Skidmore, Owings & Merrill probably designed it. Jay Merrick gets the measure of global architecture's biggest beasts.
Emirates NBD Opens Branch At The Residences
Emirates NBD, the largest banking group in the Middle East in terms of assets, announced today the opening of its newest branch at The Residences, a cluster of nine high-rise towers in Downtown Dubai, adjacent to The Dubai Mall and Burj Khalifa, the recently inaugurated world’s tallest tower. The second Emirates NBD branch to open this year complements the bank’s existing network of 110 branches and 650 ATMs, the largest such network in the UAE.
Emaar announces profit of US$633 million
Emaar has announced an annual net operating profit of US$633 million (AED 2.324billion). The company highlighted the recent opening of the Burj Khalifa as a high point, along with the opening of its first medical centre and two new hotels.
President of Turkmenistan visits Khalifa Burj
Vice President and Prime Minister of UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, accompanied President of Turkmenistan Gurbanguly Berdymukhammedov, when he toured Khalifa Burj, the world's tallest tower.
At home in the Middle East
Not many people from Danville can say they work in Dubai, rode a camel in Egypt, visited the Dead Sea, and attended the grand opening of the tallest building in the world — the Burj Khalifa (located in Dubai). But Kevin Melton, who graduated from Schlarman High School and attended Danville Area Community College, has done all this in the Middle East, and more.
Is Dubai Back from the Brink With the Launch of the Burj Khalifa?
In case you weren’t in Dubai last month and you missed Emaar Properties’ announcement that their ‘obelisk’ Burj Khalifa, (the tallest building in the world), has reached completion, we thought we’d tell you all about the party that they threw in celebration! But is Dubai back from the brink with the launch of this tower? Well, one thing is certain, Dubai certainly isn’t going down without a fight!
Burj Khalifa — building on the anticipation of occupants
The spectacular opening ceremony that marked the Burj Khalifa's appointment with history is now receding into memory, but the sense of anticipation has only started to build up for the home and office owners in the skyscraper.
Alshaya Trading Co. is representing CoxGomyl
Biggest accomplishment for CoxGomyl in the region so far is the hand over of the world's most complicated project: The task to keep the 24,000 window panels' façade of the world's tallest building Burj Khalifa in Dubai spotless. CoxGomyl Integrated Solution Division got involved in the Burj Khalifa project at an early stage in order to offer esthetic solutions by integrating all external maintenance and cleaning facilities into the building design.
