HONG KONG – For lawyer Wilfred Goh, the sign it was time to leave Dubai came early in 2009, when the financial crisis took its toll, plunging the emirate’s main stock index down roughly 70 percent in a matter of months.

Even as Dubai struggles with its financial flop, the emirate will open the world’s tallest skyscraper Monday. The Burj Dubai is nearly a half-mile high — that’s taller than the Empire State Building and the Chrysler Building combined. And much of this giant is vacant, Los Angeles Times architecture critic Christopher Hawthorne tells guest host Mary Louise Kelly.

HONG KONG Jan 2 — For lawyer Wilfred Goh, the sign that it was time to leave Dubai came early last year, when the global financial crisis took its toll, plunging the emirate’s main stock index down roughly 70 per cent in a matter of months. After speaking to friends and government officials,

DUBAI — The Rail Agency in the emirate is exploring the expansion of its rail project up to 2030 over and above the existing projects of Dubai Metro and Sufouh Tram.

Incorporating a company in Dubai will be made easier as the emirate moves to make the entire transaction via online from the first quarter of next year.

DUBAI: Dubai has set limits for increase in property rents in 2010 as part of efforts to stabilise the emirate’s realty market, rocked by the debt crisis, a media report has said. Dubai ruler She…

DUBAI – Dubai is expected to unveil this month its 2010 budget that may post a deficit of 2 per cent of the emirate’s gross domestic product, according to the head of the budget committee.

Dubai has set limits for increase in property rents in 2010 as part of efforts to stabilise the emirate’s realty market, rocked by the debt crisis, a media report has said.

Dec. 31 (Bloomberg) — Dubai’s benchmark share index declined in low trading volumes, capping the world’s worst performance this month. Emirates NBD PJSC, the United Arab Emirate’s biggest bank, fell 3.9 percent to 2.95 dirhams.

Agencies Dubai, Dec 31: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has issued a decree on property rent cap in 2010 to ensure the stability of property market in the emirate.

Moody’s, the credit ratings agency, has cautioned investors against betting on further bail-outs of Dubai’s state-linked bonds by the emirate’s wealthier neighbour, Abu Dhabi.

Earlier in the year, following reports speculating a possible buyout of Dubai by Abu Dhabi, the emirate’s ruler Sheikh Mohammad Bin Rashid al-Maktoum warned critics to stop questioning the UAE’s unity. Pages: 1 2 …

Moscow. (RIA Novosti political correspondent Andrei Fedayshin) – Although Dubai nearly approached total default in 2009, January 4 of the new year is once again the Big Day in Real Estate; the world’s tallest building – the Burj Dubai or Tower of Dubai – opens in the emirate, which is three times bigger than Moscow and has the financial appetites of the universe. The building has

After the collapse of the emirate’s economy, American school’s outposts there are having trouble attracting enough students to survive.

A group of international restructuring experts have been drafted into Dubai Properties Group, the debt-ladened real estate division of Dubai Holding, one of the emirate’s biggest conglomerates.

DUBAI, Dec 26: World’s largest 20-meter long ambulance car capable of carrying up to 100 patients has started to operate in Dubai. The car worth more than $1.6 million was ordered by the emirate’s health authorities in Germany.