Dubai’s financial chief said Tuesday that urgent action is necessary to shore up Dubai World’s Nakheel, and Dubai Holding. However, Nasser Al Shaikh, Director General of Department of Finance, said the company is not asking for emergency help as they think they can handle the crisis. Dubai’s properties are a lynchpin for the economy, and they have been slumping since last year as oil prices and the global slowdown have impacted the economy. New reports have possible negative growth this year have increased concern. Dubai Holding and Nakheel will be among the first companies to benefit from this months sale of $10 billion bonds to the UAE’s central bank.
Located in Makkah, this is where the famous black silk cover of the Ka'aba is hand stitched with real gold thread. If your taxi fellow is a true local, he will know how to take you there. You can see how the cover is prepared. If you are lucky, they might even cut you out a piece of the cover to take home (find a worker from your part of the world there and convince him). ...
When the Hailingwang Emperor of the Jin Dynasty moved the capital back to Beijing, he needed a new palace to escape the sweltering summers. The site he chose was on Gold Mountain (now Longevity Hill), about 12km northwest of Beijing. The Qianlong Emperor of the Qing Dynasty renovated the palace and the gardens in the 18th century. Kunming Lake was expanded to resemble the famous West Lake in Ha...
With towers rising up to 25m, the Holy Cross is a an excellent example of fine architecture in a Roman Catholic Church. It was completed in 1929 but due to damage during World War II it was reconstructed with the help of financial grants. ...
Translated as “Independence Square" KL's Merdeka Square is the place where at midnight on August 31, 1957 the Malayan Flag was hoisted for the first time after lowering the Union Flag. ...