Dubai Informer

The moment we’ve all been waiting for is here… There was a mad rush of traffic that started early in the day as residents of the city rushed to the Down Town Burj Dubai area for what promised to be an eventful and memorable day. Memorable it was… The Burj Dubai has been renamed the [...]

It’s been a tumultuous year for Dubai, talk of people leaving cars in the airport, rumors about layoffs and the international media turned the city into a ghost town with tumbleweed rolling through the city streets. The truth is, it’s been a tough year but the city is still vibrant, Burj Dubai is set for [...]

Yesterday a television station reported that Dubai Group, a unit of Dubai Holding, has sold its stake in EFG-Hermes, the Egyptian Investment Bank, for $120 Million. Rumors are rife about who the buyer may be. According to news reports on the television channel Al Arrabiya the buyers were Western investment funds who acquired the 19.1 [...]

A week ago, Dubai announced to the world that one of its largest entities, Dubai World, will be seeking a moratorium on its debt, believed to be somewhere in the range of $60 Billion. Soon after, various holidays around the world sent people home and the global markets headed south. Watching the news you would [...]