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Dubai Developer Nakheel Going For World Record With Newly Planned Kilometer-Tall Tower
Dubai Developer Nakheel Going For World Record With Newly Planned Kilometer-Tall Tower
Dubai luxury developer Nakheel PJSC on Sunday unveiled plans for a tower that will stand a full kilometer (3,280 feet) in height, beating the world record that’s already held by the booming city-state.
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Sultan Ahmed Bin Sulayem, chairman of Dubai World, a holding company that holds a stake in Nakheel, said the project would be “one of a kind,” the Emirati news agency WAM reported.
Located along the southern coast of…
8Oct2008 | Money Morning | Comments Off | ContinuedGlobal Investing Roundups
Canada Staving off Recession; H&R Block Rebounds; Kellogg Buys Chinese Cookie Kingpin; Occidental Petroleum: New $1.1 Billion Hydrocarbon Plant; This Bud’s Not For You; Eurzone Inflation Hits 4%; Dubai Ties Into Russia’s Energy Sector; Tyson Takes a Bite Out of Indian Food Poultry Processor
Canada posted 0.4% economic growth for the month of April, after falling in the red for the first three months of the year – its first negative quarter in five years. Economists warned this rebound isn’t forward looking, as U.S. demand is still low amid the subprime credit fallout and high gasoline costs, Bloomberg reported.
Tax preparing leader…
1Jul2008 | Money Morning | Comments Off | Continued
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