Published: April 27, 2010
Tags: Alex Kyriakidis, Armani Hotel Dubai, Burj Khalifa, Deloitte, Dubai, Emaar Properties, Gianni Versace SpA, Giorgio Armani, United Arab Emirates
Adam Schreck AP Business Writer Dubai, United Arab Emirates — A luxury hotel crafted by designer Giorgio Armani opened Tuesday as the first landmark tenant in the world’s tallest skyscraper. The 160-room Armani Hotel Dubai is a welcome bit of good news for Dubai’s leaders after the troubled debut of the more than half-mile Burj [...]
Published: September 21, 2009
Tags: China, Cityscape, Dubai, Emaar Properties, Hong Kong, Macau, Nakheel, Wynn Resorts
Report: Wynn boosts size of initial public offering for Macau assets New York (AP) — Casino operator Wynn Resorts Ltd. will increase the size of its Hong Kong initial public offering for its Macau casino assets, as it looks to raise up to $1.63 billion, The Wall Street Journal reported. The news comes as the [...]
Published: September 9, 2009
Tags: Dubai, rapid transit line, Sheik Mohammed bin Rashid Al Maktoum, The Railway Consultancy, United Arab Emirates
Comments: 4
Adam Schreck AP Business Writer Dubai, United Arab Emirates — Dubai is opening the Arabian Peninsula’s first metro system, hoping to capture the world’s spotlight on the catchy date of 9/9/09 whether the sleek system is fully ready to go or not. The rapid transit line has been slotted together at breakneck speed, much like [...]
Published: August 25, 2009
Tags: amusement park, credit, Dubai, Dubailand, Emaar Properties, global downturn, Legoland, resorts, Six Flags, Tatweer, theme park, tourism, United Arab Emirates, Universal Studios
A security guard watches the empty offices of the Universal Studios in Dubai, United Arab Emirates, on Aug. 6. AP Photos by Kamran Jebreili Adam Schreck AP Business Writer Dubai, United Arab Emirates — Walk through the grand arched entrance of Universal Studios’ Dubai theme park, and you step into … wind-swept desert. No Hollywood [...]
Published: July 14, 2009
Tags: cruise liner, Dubai, floating hotel, Middle East, Nakheel, QE2, Queen Elizabeth II
Adam Schreck AP Business Writer Dubai, United Arab Emirates — The cash-strapped Dubai owner of the QE2 is weighing plans to open the British ocean liner as a floating hotel elsewhere in the Middle East or Africa rather than in the struggling Persian Gulf sheikdom. In an e-mail Sunday attributed to ship owner Nakheel, the [...]
Published: July 13, 2009
Tags: Burj Dubai, deadline, Dubai, Emaar Properties, Greg Sang, skyscraper, United Arab Emirates
Adam Schreck AP Business Writer Dubai, United Arab Emirates — The Middle Eastern developer building the world’s tallest skyscraper vowed Monday to complete the tower by year’s end, though the exact date remains uncertain. Completing the spindly structure, visible for miles around, would give Emaar Properties and its hometown Dubai a significant public relations boost [...]
Published: July 6, 2009
Tags: Burj Dubai, Dubai, Emaar, Middle East, skyscraper
Adam Schreck AP Writer Dubai, United Arab Emirates — Shares of the Dubai developer building the world’s tallest skyscraper extended their slide Sunday after the company shut an office overseeing $20 billion worth of real estate projects in Algeria. In a statement attributed to Emaar Properties, the Middle East’s biggest publicly traded real estate company, [...]
Published: June 29, 2009
Tags: Dubai, Dubai Properties LLC, Emaar Properties PJSC, Samar Dubai LLC, Tatweer LLC
Tarek El-Tablawy AP Writer Cairo (AP) — The Dubai developer behind the world’s tallest building plans to merge with three rivals owned by the sheikdom’s ruler, in a consolidation aimed at better coping with a global meltdown fueled weakness in the one-time Arab boomtown’s real estate sector. In a statement posted Sunday on the Dubai [...]
Published: June 1, 2009
Tags: developer, Dubai
Adam Schreck AP Business Writer Dubai, United Arab Emirates— Dubai is giving oversight of a sprawling complex of partially built high-rises to the struggling developer of the sheikdom’s palm-shaped islands as the government works to bring its skidding property market under control. In a Monday e-mail attributed to property developer Nakheel and the Dubai Multi [...]
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