Dubai Economy

Dubai Debt Leads To Abadoned Cat And Dog Problem (VIDEO)

GlobalPost | Christopher Booker And Tomd Hundley | Posted 05.25.2011

GlobalPost looks at Dubai's abandoned pet problem. ...

"Routine Maintainence" in Dubai

Sophie Schmidt | Posted 05.25.2011

Sophie Schmidt

I've now been in Dubai long enough to chuckle at the disparity between "routine maintenance" and "near-catastrophic engineering failure." My recent trip to the Dubai Mall was the latest instance.

Burj Khalifa Blames Faulty Elevator For Tower Shutdown

AP | ADAM SCHRECK | Posted 05.25.2011

DUBAI, United Arab Emirates — Visitors on the observation deck of the world's tallest tower heard a loud boom, then saw dust that looked like sm...

World's Tallest Tower Closed A Month After Opening

AP | ADAM SCHRECK | Posted 05.25.2011

DUBAI, United Arab Emirates — The world's tallest skyscraper has unexpectedly closed to the public a month after its lavish opening, disappointi...

Dubai At The Height Of Extravagance (PHOTOS)

Posted 05.25.2011

Dubai's decade of oil wealth, property speculation and wild dreams created a roster of projects that are awe inspiring in their ambition. The world'...

Abu Dhabi Supplies $10 Billion To Dubai

AP | STEFANIA BIANCHI | Posted 05.25.2011

DUBAI --Dubai's government Monday said it received $10 billion in financing from Abu Dhabi, which will pay part of the debt held by conglomerate Dubai...

Dubai's Debt Problems Cast Shadow Over Entire Region

AP | BARBARA SURK | Posted 05.25.2011

DUBAI, United Arab Emirates — For years, Dubai seemed unstoppable, an oasis of excess boasting indoor ski slopes and manmade islands, the world'...

Burj Dubai: Dubai Opening World's Tallest Building Amid Crisis

Posted 05.25.2011

(AP) DUBAI, United Arab Emirates - Dubai opened the world's tallest skyscraper Monday, and in a surprise move renamed the gleaming glass-and-metal to...

Kenneth Rogoff: Dubai

Project Syndicate | Kenneth Rogoff | Posted 05.25.2011

There are those that revel in what they see as a come-uppance for brash Dubai's outsized ambitions. I, for one, do not share this view. Yes, Dubai, wi...

Dubai World Will Try To Raise Cash By Selling Assets

AP | ADAM SCHRECK | Posted 05.25.2011

DUBAI, United Arab Emirates — Dubai World, the cash-strapped conglomerate at the center of Dubai's debt crisis, appears set for an unaccustomed ...

Dubai Jitters Pound Stocks

AP | Posted 05.25.2011

NEW YORK — Gold prices fell for the first time in 10 days and oil slid as jitters over debt problems in the Middle Eastern city of Dubai drove t...

Dubai: Tiger Woods Golf Course Still

AP | ADAM SCHRECK | Posted 05.25.2011

DUBAI, United Arab Emirates — Tiger Woods' business partners in Dubai on Wednesday wouldn't comment on the golfer's personal woes, but say despi...

The Resilience of Dubai and the Gulf

Fareed Mohamedi | Posted 05.25.2011

Fareed Mohamedi

Despite this proclivity towards over-borrowing, the fundamentals of the Dubai model are still sound. The infrastructure has been built and is still very useful, and the underlying business logic is still very viable.

The Dark Side Of Dubai

Johann Hari | Posted 05.25.2011

Johann Hari

Once the manic burst of building has stopped and the whirlwind has slowed, the secrets of Dubai are slowly seeping out.