Exclusive: Dubai World prized assets on sale to cut debt

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Dubai World is prepared to sell prized assets including previously ringfenced ports firm DP World in a bid to raise as much as $19.4 billion to repay creditors, a document obtained by Reuters showed. The document, presented on July 22 to creditors at Dubai's lavish Atlantis Hotel, also revealed that the state-owned conglomerate's debt stood at $39.9 billion

Businesses get used to new name of Burj Khalifa

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There was still no mention of the Burj Khalifa moniker in the vicinity of the tower two days after its historic opening. Emaar Properties, which spent US$1.5 billion (Dh5.51bn) on the structure, had yet to make a statement on the name change or its implications, nor had the Roads and Transport Authority announced whether the Burj Dubai Metro station would have its name changed.

4 ‘secret’ Dubai spots to watch Burj Khalifa fireworks

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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...

Height of success: From mechanic to owner of 22 Burj Khalifa units

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Friends teased him about his height. He replied by purchasing 23 flats in the tallest tower in the world, Burj Khalifa

Burj 
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safe high-risers

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Burj Khalifa, the world’s tallest building, has been picked by the GCC Civil Defence General Managers as an ideal example for high rise structures in terms of fire protection systems and safety measures taken in emergency cases. The civil defence managers team, which concluded its 23rd meeting in the UAE, agreed to circulate the fire protection system installed in Burj Khalifa to the member states

15 years of Sheikh Mohammed’s leadership: A safe, sound UAE

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I did my best to serve the people of the UAE, says Sheikh Mohammed.

Emaar records 19% growth in nine-month net profits

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Global property developer Emaar Properties recorded 19% growth in net profit to $986m (AED3.6bn) during the first nine months of 2016 compared to $830m (AED3.04bn) during the same period...

New art galleries to open in Dubai

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A new contemporary art space, The Pavilion Downtown Dubai, is set to open on Thursday February 24. The non-commercial space aims to provide a place to view, discuss and participate in work by local and international artists. The building hosts two gallery spaces. It was formerly a sales office and is situated in Downtown Dubai, opposite the Burj Khalifa.

Emaar properties lists $750 million sukuk on Nasdaq Dubai

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Dubai: Emaar Properties listed a $750 million Sukuk on Nasdaq Dubai, the bourse said in a statement. The listing has raised the total value of Sukuk listed in Dubai to...

Oz co bags window cleaning job from Burj Khalifa

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An Australian company has been awarded the contract to clean every window on the world’s tallest building Dubai’s Burj Khalifa.