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Baby born in Dubai hotel lobby

Wed, 10/13/2010 - 07:29 by Prince damin

Dubai, United Arab Emirates -- The owner of a hotel in Dubai, United Arab Emirates, says a baby born in the lobby will receive free stays at the accommodation for life.

Workers at the Grand Midwest Hotel in the Dubai Media City said a Kazakh woman staying at the hotel went into labor Monday and only made it as far as the lobby before the baby boy started to arrive, the Gulf News reported Tuesday.

Ram Chandra Sharma, a bellboy at the hotel, said the woman had been staying at the hotel with her husband and 5-year-old son for about two months. He said the woman sent him to retrieve towels and a bed sheet and the baby was born soon after he gave them to her.

700 workers abandoned in Dubai

Wed, 09/01/2010 - 01:57 by Prince damin

Dubai, United Arab Emirates -- Hundreds of workers in Dubai, United Arab Emirates, have been abandoned by their employer and left to live in squalor and filth, a source told Gulf News.

As many as 700 employees of Saqr Engineering and Contracting, some of whom say they have not been paid for eight months, have been abandoned in two labor camps in an industrial area of Dubai with backed up toilets and without fresh water or electrical power, the newspaper said.

The chairman of the company has "fled the United Arab Emirate, leaving me and these workers in trouble," said a silent partner, who requested anonymity.

The workers are from Nepal, Pakistan, India, Bangladesh and the Philippines.

Report: Saudi Blackberry service restored

Sat, 08/07/2010 - 22:32 by Prince damin

Dubai, United Arab Emirates -- There were conflicting reports Saturday that service to Blackberry smart phones in Saudi Arabia had been restored after being blocked by the government.

The BBC said there was no official word that the controversial ban had been lifted after just one day. However, its correspondent in the neighboring United Arab Emirates said the devices were working normally.

"Services are up and running again across the country," stated the BBC's Ben Thompson in Dubai.

Burj Khalifa re-opens after two months

Mon, 04/05/2010 - 13:15 by Ishita Sood

The world’s tallest skyscraper, Burj Khalifa, finally re-opened for the public on Sunday. Dozens of tourists stood in line to visit the 124th floor superstructure.

Nakheel bonds soar after Dubai announces restructuring plan

Thu, 03/25/2010 - 17:41 by Ishita Sood

Dubai World’s subsidiary Nakheel saw its Islamic bonds on a high Thursday, after Dubai government announced a restructuring plan for the full repayment of Nakheel’s debt.

Burj Dubai, world's tallest skyscraper, opens

Tue, 01/05/2010 - 17:19 by Samia Sehgal

Dubai, January 5 -- Burj Dubai, now also called the Burj Khalifa, opened officially to the world yesterday.

Abu Dhabi's $10 billion magnanimity towards Dubai

Mon, 12/14/2009 - 17:11 by Jamie Anderson

Dubai, December 14 -- Thanks to Abu Dhabi, Dubai World (DBWLD.UL), the state-owned holding company at the center of a $26 billion debt storm, has some breathing space.

Ambitions wreck Dubai’s economy

Tue, 12/01/2009 - 21:01 by Arushi Chaudhary

Dubai, December 1 -- Extravagant property projects and consequent inability to repay debts brings Dubai on brink of a financial crisis.

Dubai debt freeze 'carefully planned'

Fri, 11/27/2009 - 19:55 by Inderjit Singh

Dubai -- A statement by United Arab Emirates news agency WAM says restructuring Dubai World debt is carefully planned and reflects its specific financial position."

Chairman of the Supreme Fiscal Committee Sheik Ahmed bin Saeed al-Maktoum said the UAE government "is spearheading the restructuring of this commercial operation in the full knowledge of how the markets would react." Dubai World holds the major portion of Dubai's estimated $80 billion debt.

"Our intervention in Dubai World was carefully planned and reflects its specific financial position," al-Maktoum said.

The statement released late Thursday may have been timed to coincide with the market day off for U.S. Thanksgiving and the Eid al-Adha holiday in the Gulf region.

Dubai's colossal debt shakes the world

Fri, 11/27/2009 - 14:42 by Ishita Sood

London, November 27 -- Stock markets fell around the world Thursday as investors worried over Dubai’s rising debt.

Dubai gets support from U.A.E. Central Bank

Mon, 02/23/2009 - 11:31 by Jamie Anderson

Dubai, February 23: The once vibrant and pulsating Dubai, with colossal construction and expansion plans that epitomized boom time, is now feeling the heat of recession. The United Arab Emirates’ Central Bank agreed to support the emirate as Dubai is finding it difficult to repay its debt.