Seek news on
InfoAnda
powered by
Google
Custom Search

Last text search :
2016 wso 2.5 rw-r
2017 #1 smp wso rw-r

wso-drwxr-xr-x-smp.php-(writeable).php
2017 #1 smp wso rw-r
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php


Monday, 4 January 2010 - World's tallest tower to open as Dubai faces crisis
  • Pakistanis angry over detentions in Times Sq. case
    Monday, May 24, 2010
    ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
    They
  • Taiwan denies boycotting Australian film festival
    Thursday, August 6, 2009

    AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
  • Merkel's support dips, regional ally resigns International
    Thursday, September 3, 2009

    By Sarah Marsh and Noah Barkin

    BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
  • Minister seeks closure of anti-Berlusconi websites
    Wednesday, December 16, 2009
    ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
  • Asian markets mixed after Wall Street rally
    Wednesday, March 18, 2009

    By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
  • Swine flu set to spread, reported cases surge: WHO | 17 May 2009
  • Gunships and planes strike Pakistan Taliban in Swat | International | | 10 May 2009
  • Metallica rocks Hall of Fame | 5 April 2009
  • Blast kills 33 near lawmaker's home in Pakistan | 16 December 2009


    Forum Views () Forum Replies ()

    Read more with google mobile : World's tallest tower to open as Dubai faces crisis

    Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Asia Pacific World World's tallest tower to open as Dubai faces crisis AFP - Tuesday, January 5 Send IM Story Print Dubai is officially opening the world's tallest tower, a symbol of the Gulf emirate's unbridled ambitions, amid ongoing fears about a financial catastrophe. DUBAI (AFP) - – Dubai was on Monday to officially open the world's tallest tower, a symbol of the Gulf emirate's unbridled ambitions, amid ongoing fears about a financial catastrophe. The city state, which borrowed heavily to finance its grandiose projects, is striving to restructure its mountain of debt and face a serious crisis in its once-booming real estate sector. Related article: History of Dubai mega projects Some observers now appear more confident about Dubai's ability to navigate its way out of the crisis, after many predicted bankruptcy when it requested a debt repayments standstill for its largest group Dubai World in late November. Dubai was bailed out with a last-minute lifeline of 10 billion dollars from neighbouring emirate Abu Dhabi, which enabled Dubai to pay its imminent debt. "We are much more confident about the situation of Dubai now, after Abu Dhabis support as well as the comprehensive restructuring plan, than we were a one month ago," said Mahdi Mattar, chief economist at Shuaa Capital. "The debt story is not as bad as the market initially thought, when investors were assuming the worst," he told AFP. Dubai World began negotiations with its creditors in late December with the hope of reaching an agreement over restructuring debt of 22 billion dollars, owed by its troubled subsidiaries. The talks followed Dubai World's payment of 4.1 billion dollars in maturing bonds owed by its real estate arm, Nakheel, thanks to Abu Dhabi's help. But the emirate, which has little oil resources, has to deal with a total debt burden amounting to around 100 billion dollars, according to estimates. Its fortunes have turned around as the global financial crisis dried up global finance which was crucial to feed its rapid economic growth, mainly in real estate. "In Dubai where 90 percent of the population are expatriates, 50 percent of the work force is real estate and construction-based," said Saud Masud, senior real estate analyst at UBS bank in Dubai. He estimated a drop of eight percent in Dubai's population, which was reportedly around two million before the crisis, while he expected a two percent drop in 2010. This decrease in population is expected to deepen the decline in property prices in Dubai which dived 50 percent in 2009, he said. "There is over supply as more houses are being handed over. With population outflows of 10 percent over 2009-2010 and handovers of roughly 40,000 units during the same period, we would not be surprised to see residential over supply of 30 percent by end of 2010," he said. This deterioration has triggered an 80 percent drop in projects in 2009 compared with the previous year. "Big projects have been delayed indefinitely. If investors dont pay developers, they in turn will struggle to pay contractors," he said. Vacant villas and apartment blocks make now up part of Dubai's landscape, while the most grandiose projects have been put on hold, including a one-kilometre (0.62 mile) high tower expected to dwarf Dubai's completed Burj Dubai, whose final height is more than 800 metres (2,640 feet). Related article: The world's highest towers. But Dubai's debt crisis does not mean the emirate will sink in the desert sands, analysts agreed. "Dubai will not be wiped off the map. It is a very important centre and model for the rest of the Middle East," said Masud. "Dubais infrastructure is unique in the Middle East, it is a regional financial and tourist hub. The challenge is how to come out of the downturn, by diversifying the economy and finding other levers of growth than real estate," he added. Mattar agreed that Dubai has built an infrastructure "second to none in the region," positioning the emirate as the regional service hub. "As oil prices remain at these levels and the global economy recovers, the situation of the whole region is on a growth recovery path -- a plus for Dubai," he added. The tower opening ceremony kicks off at 8:00 pm (1600 GMT), featuring fireworks and a light show. It is held on the day Sheikh Mohammed Bin Rashed al-Maktoum took office as the ruler of Dubai in 2006. Related article: Dubai ruler's vision reaches skywards. Recommend Send IM Story Print Related Articles Emile Hirsch joins celeb climb of Kilimanjaro AP - 1 hour 21 minutes ago UK PM Brown named GQ's worst-dressed man of year AP - 2 hours 28 minutes ago Gadget makers focus on cost-effective temptations AP - Tuesday, January 5 Kim Raver promoted on "Grey's Anatomy" Reuters - Monday, January 4 Group in NYC picks 'Hurt Locker' as best 2009 film AP - Monday, January 4 News Search Top Stories Sweden's cull of wolves nears its quota Novartis seeks full ownership of eyecare giant Alcon British PM Brown named worst-dressed man Rate hikes could help battle bubbles: Fed chief Beat the blues by going to bed early: study More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Beat the blues by going to bed early: study British PM Brown named worst-dressed man Sweden's cull of wolves nears its quota 'Snowbama' time in Hawaii Rate hikes could help battle bubbles: Fed chief More Most Viewed » Tiger's wife Elin seeking divorce: reports British priest defends urging people to shoplift Century-old butter found in Scott's Antarctic hut Beat the blues by going to bed early: study Brazilian confesses to sticking needles into two-year-old More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

    Other News on Monday, 4 January 2010
    Ex-Israeli PM still comatose 4 years after stroke
    Iraq says 5th UK hostage may be returned in days
    Hamas says in final stage of Fatah reconciliation
    Iraqi insurgent group claims deadly Anbar bombing
    Iraq to support Blackwater lawsuit in U.S. courts
    Iraq says 5th UK hostage may be returned in days |
    Future uncertain for stuck Mars rover
    TV show led to arrest in 4 Thanksgiving killings
    Rustlers ride wideopen range of Great Basin
    No 'smoking gun' tagged plane bomb suspect: US official
    Roadside bomb kills former Pakistan minister
    Snow paralyses Beijing as China braces for big chill
    Qaeda threat forces US, Britain to shut Yemen missions
    AP NewsAlert
    Fed: Regulation 1st defense against speculation
    Angry minority finds a voice on Chinese campus
    Tajikistan earthquake leaves 20,000 homeless
    Fireworks, highway accidents kill 15 in China
    Avatar passes $1 billion at world box office |
    `Avatar' maintains box-office ascent with $68.3M
    US-ENTERTAINMENT Summary
    "Avatar" passes $1 billion at world box office
    Jordan spy among 8 killed at CIA Afghan base: report
    New Year's revellers stranded in snow-hit British hotel
    Samsung sells 2.6 million LED-backlight TVs in 2009
    U.S., British embassies extend closure in Yemen |
    British PM Brown named worst-dressed man
    Lenovo unveils ThinkPad design with AMD chips
    Rate hikes could help battle bubbles: Fed chief
    Iran soccer official resigns over e-mail to Israel
    Mafia blamed for Italian court bomb: reports
    Strong quakes hit Solomon Islands |
    Iranian journalist gets prison term, desert exile
    Sweden's cull of wolves nears its quota
    Five foreign troops killed in Afghan explosions |
    South Korea calls on North to search for war dead |
    Australia floods peak, but farmers see export boon |
    Japan PM eyes crucial election as problems mount |
    Eighteen feared dead as boat capsizes in east India |
    Australia condemns Indian student death |
    Samsung sells 2.6 million LED-backlight TVs in 2009
    Freescale takes aim at tablet computer market |
    Lenovo unveils ThinkPad design with AMD chips |
    5 Americans to appear in Pakistan court
    China oil spill hits Yellow River: state media
    Japan PM vows to pursue more equal ties with US
    India warns Australia over student stabbing
    SKorean leader proposes liaison office in NKorea
    Man skirts NJ airport security, delaying flights
    Grenade attack on Philippine massacre suspect home
    Weather forecast for the Asia-Pacific region
    Australia floods peak, but farmers see export boon
    Chaos At Newark Airport Continues As Rescreening Goes On For Thousands
    NYC-funded handout called how-to for heroin users
    Ohio native, ex-Navy Seal killed in Afghan bombing
    Newark Terminal On Lockdown Following Security Breach
    Japan leader wants more equal ties with US
    Passengers on US-bound flights face more screening
    TSA Sets More Screenings On Flights From "Terror" Countries
    No U.S. Military Killed In December In Iraq
    Feds probe Obama effigy in Jimmy Carter's hometown
    Top Mexican Drug Gang Leader Nabbed
    Anti-Nazi resister Freya von Moltke dies in Vt.
    Four Year Old Boy Killed By Stray Celebratory Bullet During Church
    Howell remembered as `force for good journalism'
    Floridians Face Fire and Ice As Nation Struggles With Cold
    Advocate uses texting to warn of AZ crime sweeps
    US And UK Shut Down Embassies in Yemen
    Accused Thanksgiving Day Killer Nabbed In Florida Keys
    'Avatar' blue yields billion dollars in box-office gold
    U.S. Intelligence Chief Warns Of More Attacks
    Houston now nation's largest city with gay mayor
    'Avatar' tops billion dollars, fastest ever: movie tracker
    Taiwan stocks extend gains as LCD shares shine
    S.Korea c.bank to unveil 2010 policy report Thurs
    Group in NYC picks 'Hurt Locker' as best 2009 film
    GM says China sales up 67 percent in 2009
    S.Korea to spend much of budget in first 6 months
    Taiwan, China trade talks by mid-January: govt
    Chinese firms trading with Iran evade US sanctions: report
    "Hurt Locker," French films win U.S. critics awards
    PAKISTAN
    "Potter", "Avatar" spur box office record in '09
    Kim Raver promoted on Grey's Anatomy |
    This year in film
    Seoul shares rangebound; banks rebound, Kumho falls
    Hurt Locker, French films win U.S. critics awards |
    Ke$ha leads U.S. pop singles chart for second week
    Potter, Avatar spur box office record in '09 |
    Shares of Japan Airlines surge on loan reports
    Soundgarden reunion planned for 2010
    South Korean bonds fall early on foreign selling
    Susan Boyle aims for sixth week atop U.S. chart
    This year in film
    Ke$ha leads U.S. pop singles chart for second week |
    Soundgarden reunion planned for 2010 |
    Peter Gabriel goes orchestral for covers album
    Susan Boyle aims for sixth week atop U.S. chart |
    'Avatar' blue yields billion dollars in box-office gold
    Peter Gabriel goes orchestral for covers album |
    US-TECH Summary
    Novartis seeks full ownership of eyecare giant Alcon
    Iran says several foreigners arrested in protests
    Freescale takes aim at tablet computer market
    Food Network And HGTV Viewers Demand Cablevision Put Networks Back On Air
    Five US, British troops die in Afghan attacks
    "Deadliest Catch" Deckhand Arrested For Bank Robbery
    Karzai orders Afghan parliament to suspend break |
    France seeks talks with journalists' Afghan kidnappers
    Four US soldiers killed in Afghan bomb blast: NATO
    CNN Says Sorry For Kathy Griffin's F-Word Rant On Live Air
    Abbas weighs summit to revive stalled peace talks |
    "Avatar" Crosses $1 Billion Box Office Mark
    Iran says several foreigners arrested in protests |
    Winter Storm Batters Maritime Provinces
    Iran calls off visit by EU parliamentary group |
    North Korea tries to bring life to failed trade zone |
    Saudi rights NGOs write to king about jailed activist |
    South Africa's President Zuma marries for fifth time |
    Iraq will file lawsuits against Blackwater |
    Big chill grips Asia, little economic impact seen |
    Newark air terminal locked down over security
    Tunnels beneath Vegas a refuge for homeless people
    3.3 million acres of Maine land conserved
    Census Bureau kicks off once-a-decade head count
    China river diesel spill prompts water use alert
    Obama ends Hawaiian holiday, returns to Washington
    Chinese dissident appeals subversion conviction
    US suspects 'wanted to help Afghan Muslims'
    US plans for Mideast peace deal in two years: report
    Iranian president wins support from Tajikistan
    US, British missions in Yemen shut over security fears
    Powerful quake strikes near Solomon Islands
    Obama Doll Found Hanging From Rope Noose
    Chinese underground bishop Yao dies at 87
    Myanmar chief confirms elections to be held 2010
    176 Arrested In Raid Of Texas Cockfight; Birds To Be Euthanized
    NYC How-To Heroin Guide Hits Streets
    Record snow brings travel chaos in China, S.Korea
    Taipei 101 shrugs off loss of tallest skyscraper title
    WWII Mariners Seek $1,000 'Thank You'
    Four U.S. Troops Killed In Afghanistan
    52 Malaysia couples face jail for hotel liaisons
    First SeaGrass Restoration Project In Florida Keys Showing Signs Of Success
    US Ends Ban On Immigrants With HIV/AIDS
    Atlanta, Houston Mayors Begin Their Terms
    Canadian Man Triggers Tighter Security In Airports Because Of Newark Security Breach
    Asian markets start year on upbeat note
    Pakistani rupee falls to record low; o/n rates up
    Survey shows China manufacturing growing
    Carrefour: will appeal Indonesia antitrust ruling
    Japan Airlines shares soar on credit lifeline
    World's tallest tower to open as Dubai faces crisis
    India on road-building frenzy, invites investors
    Gadget makers focus on cost-effective temptations
    China manufacturing rises in December: survey
    Kim Raver promoted on "Grey's Anatomy"
    GM China reports record sales in 2009
    Thai inflation up for third month, ministry says
    Avatar passes $1 billion at world box office |
    Greece at new risk of being pushed off euro
    Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
    Female Breasts Are Bigger Than Ever
    AMD Trinity Accelerated Processing Units Now in Volume Production
    The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
    AMD to Start Production of piledriver
    Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
    Islamists Protest Lady Gaga's Concert in Indonesia
    Japan Successfully Broadcasts an 8K Signal Over the Air
    ECB boosts loans to 1 trillion Euro to stop credit crunch
    Egypt : Mohammed Morsi won with 52 percent
    What do you call 100,000 Frenchmen with their hands up
    AMD Launches AMD Embedded R-Series APU Platform
    Fed Should not Ignore Emerging Market Crisis
    Fed casts shadow over India, emerging markets
    Why are Chinese tourists so rude? A few insights

    [InfoAnda] [Home] [This News]



    USD EUR - 1 year graph

    VPN on MacOSX

    BlogMeter 1.01