Tag Archives : Dubai

When concrete jungles like New York and London are fighting against space problems, Dubai is showing a reverse trend. The hub of world’s some landmark architectural beauties is not overflowing with requests of occupancy. The city is experiencing a vacancy rate of as much as 38% with respect to office spaces and this number is expected to touch 50% [...]

What is worse than having a bag full of explosives on a commercial airliner? It’s the possibility of a that explosive being detonated remotely by a cellular connection or via other wireless devices. Recently, a flight to UK became the target of a possible terrorist strike, as later the authorities found a  parcel full of laser printer cartridges, [...]

Two things struck me when I read about the Park Gate in Dubai. Firstly it looked absolutely gorgeous, and secondly, it uses solar power! Yes, designer Adrain Smith and Gordon Gill believed that a building need not be hot just because it is situated in a desert. And how they managed to keep this building cool in the sweltering heat? They used solar panels. [...]

Much mystery remains to shroud the assassination of Hamas man Mahmoud al-Mabhouh in Dubai. al-Mabhouh was a senior Hamas military commander and one of the founders of the Izz ad-Din al-Qassam Brigades, the military wing of Palestinian socio-political organization Hamas. Much controversy surrounds the death. After all, here is an Arab fundamentalist [...]

One of the key members of the international terror organization, Hamas, who was assassinated in Dubai last month is now being suggested to be the work of the most feared intelligence organizations in the world, Mossad, the intelligence agency of the state of Israel. Across the global intelligence community, it is widely stated that, “Mossad always [...]

Debt and the institutional accumulation of it are wracking the world. Dubai’s case might just be a harbinger of a series of blowups that is soon to follow. Fact is, there are similar financial trouble spots across the globe right now. The ‘one-time wonderland in the desert’ that is now struggling to pay its bills, is not a lone and isolated case. [...]

‘A significant chunk of Dubai’s debt is in the form of Sharia-compliant bonds.’ What is unique with these ‘increasingly popular instruments’ is that lenders are forbidden to collect interest. It is now unclear how Dubai’s default will affect these Islamic lenders who gave these funds under a ‘partner-like relationship with the borrower.’ [...]

59-year old Dubai ruler Sheikh Mohammed Bin Rashid Al Maktoum has seen his personal fortunes plummet from $12 billion down to $6 billion because of the ongoing global recession, as well as some other reasons. Dubai, an emirate of the United Arab Emirates, ‘was forced to ask for a handout from neighbor Abu Dhabi when credit markets tanked.’ Nonetheless, [...]

A weak and uncertain statement from the UAE has stoked ‘fears of tension between emirates,’ The panic question among businessmen in the region is whether Dubai will default or not. Some investors are quick to defend the emirate. According to Thani al-Falaasi, a businessman in Dubai, “Only a few decades ago, this country was nothing, just a desert. [...]

The government of Dubai heightened investor panic just a bit more when it recently announced that it will not bail out its own chief financial investment arm, Dubai World. The government said that ‘even though struggling Dubai World is state owned, the government won’t guarantee its debts or bail it out.’ According to Abdulrahman Al Saleh, director [...]