DUBAI (AFP) - Dubai said Thursday it has launched a plan to raise $800 million through the securitisation of receipts from road tolls, as the government struggles to recover from a debt crisis.
The emirate's department of finance said the plan was "based on the monetisation of receipts from the Salik road toll collection system" and is aimed to support transport infrastructure projects.
It hir [...]
DUBAI (AFP) - Victoire Pisa led home a Japanese 1-2 in the world's richest race, the Dubai World Cup, here at the Meydan racecourse on Saturday with Transcend finishing second in an emotional victory coming in the wake of the earthquake and tsunami disaster that struck the country.
Victoire Pisa, trained by Yoshimi Ichikawa, was brilliantly ridden by Mirco Demuro, who sported a black armb [...]
DUBAI (AFP) - Caroline Wozniacki, who takes over from Kim Clijsters as world number one again in Monday's new WTA ranking list, celebrated with the 13th title of her career, the Dubai Open, on Sunday after outplaying Svetlana Kuznetsova 6-1, 6-3.
Denmark's Wozniacki turned in her fifth solid performance of the week against Kuznetsova, even though the former US and French Open champion had [...]
DUBAI (AFP) - Tiger Woods had the round of the day at the Dubai Desert Classic on Friday, but it was Ulster's Golden Boy Rory McIlroy who held on to the lead at the halfway stage of the Gulf's showcase tournament.
Woods produced his best golf of the year for a six under 66 to bound into contention for a first title in 15 months.
He will go into the weekend on seven under par, four stroke [...]
DUBAI (AFP) - Tiger Woods produced his best round of the year at the Dubai Desert Classic on Friday to jump into contention for a first title in 15 months.
The 35-year-old American carded a second round six-under par 66 and at the halfway stage he was seven under and poised to mount a challenge at the weekend in the European Tour event.
Playing alongside the two men ahead him in the rank [...]
DUBAI (AFP) - Rory McIlroy made a storming start to the Dubai Desert Classic on Thursday, bagging eight birdies en route to a seven under 65 and a two stroke first round lead in the European Tour event.
Tiger Woods, meanwhile, came off a distinct third best to Lee Westwood and Martin Kaymer as the world's top three golfers shared each other's company, carding a 71, two strokes more than his two [...]
DUBAI (AFP) - Dubai carried out a death sentence for the first time in 10 years on Thursday, executing an Emirati man found guilty of raping and murdering a Pakistani child, official media reported.
Rashid Rabia al-Rashidi, who had been found guilty of the rape and pre-meditated murder of a four-year-old Pakistani boy in a Dubai mosque, had exhausted all legal avenues, the official WAM ne [...]
DUBAI (AFP) - Dubai opened on Sunday a restaurant 422 metres (1,350 feet) up in the sky on the 122nd floor of the world's tallest building, Burj Khalifa, its developers said.
Atmosphere in Dubai's 828-metre (2,716.5-feet) building is "one of the finest luxury dining and lounge experiences in the world," said Emaar Hospitality Group, an arm of giant property developer Emaar.
At two levels [...]
DUBAI (AFP) - Debt-laden Dubai is looking into a possible privatisation of public sector firms and offloading international assets, but is waiting for the right time for a good return, officials said on Sunday.
"We continue to work to diversify our financing sources and broaden the space for participation in the wealth of our economy," said Sheikh Ahmed bin Saeed al-Maktoum, the head of D [...]
DUBAI (AFP) - Germany's Martin Kaymer will finish the season as Europe's number one golfer after winning the 'The Race to Dubai' on Sunday.
Kaymer's feat was confirmed after Northern Irishman Graeme McDowell missed out on a top three finish at the Dubai World Championship in Sunday's final round.
The German finished with a round of 72, and while McDowell joined him on six under par in a [...]
Passengers jump out of plane in India after bad landing
Recent Comments