BUSINESS & JOBS

"Since the turn of the year and the opening of the Burj Khalifa, we have started to see people want to come back and talk to the bank about making investments outside the cash deposit," said Gary Dugan, chief investment officer, Private Banking, at Emirates NBD. "It's hundreds of millions of dollars being put on the table. It's real money that is coming back in."

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

Visitors to the world's tallest tower can now take home their own pressed penny souvenir. Penny Press Factory a UK manufacturer of the world's most modern and dynamic looking penny press souvenir machines has installed a penny press on the 124th floor of the Burj Khalifa. Visitors to At The Top can make their own souvenir in the penny press machine after taking in the glorious views of Dubai.

One bedroom apartments start at $4100 and two bedrooms at $6800. So far, only 60 apartments are ready for rental on the lower floors, but Emaar will make more available as they are finished.

DUBAI – The Middle East’s largest listed developer Emaar Properties said on Thursday that it will realise revenues from the sale of properties at the world’s tallest tower, Burj Khalifa, formerly called Burj Dubai, in the financial year of 2010.

Engorged with Abu Dhabi's substantial oil surpluses, ADIA's assets are estimated at between $300 billion and $800 billion. It was Abu Dhabi's wealth that helped bail out sister city-state Dubai when it ran short of funds to complete the world's tallest building — which was then renamed the Burj Khalifa after the President of the U.A.E.

A few of these fascinating projects include Palm Jumeirah Property, The meadows, The World, Down Town Dubai, Arabian Ranches, Burj Khalifa, and Dubai Marina.

Mission: Impossible – Ghost Protocol is directed by Brad Bird (The Incredibles) and hits theaters on December 16. The film co-stars Ving Rhames, Jeremy Renner, Paula Patton, Vladimir Mashkov, Michael Nyqvist, Josh Holloway, Simon Pegg, Lea Seydoux and Anil Kapoor.

In its quest to better serve its valued enterprise customers, Du is introducing its new Customer Advisory Board (CAB) during the first edition of the innovative programme at Armani Hotel on Monday 14 June.

Construction companies that aggressively moved to diversify into other countries during the downturn in Dubai property have seen their shares sold heavily due to the political turmoil in the Mena region. Egypt has become a key market for several UAE builders. Emaar, best known for constructing the Burj Khalifa - the world's tallest building - in Dubai, now has projects valued at Dh4.2 billion (US$1.14bn) in Egypt, about 15 per cent of its book value.