United States
Statement from Dubai World
Dubai World has filed a suit against former employee Herve Jaubert in the United States federal court, Southern Florida. The company is accusing him of fraud, theft and related charges linked to his time as CEO of Dubai World subsidiary Exomos, established in 2004 to design and make submarines. The suit is... »
Nakheel Hotels opens two prestigous hotels
Nakheel Hotels announced today that it has opened the W Washington D.C. hotel and that the historic Turnberry golf resort, located in the west of Scotland which has re-opened and joined the renowned Luxury Collection brand, building on Nakeel Hotels’ strong relationship with Starwood Hotels & Resorts Worldwide Inc. Starwood, one of the world’s largest... »
Dubai World Subsidiary Infinity World Files Lawsuit Against MGM to Protect Its Rights and the Viability of the CityCenter Joint Venture
Dubai World today announced that its subsidiary Infinity World, which is a joint venture partner with MGM for the development of the CityCenter development project, has filed a lawsuit against MGM in Delaware Chancery Court to protect its rights and the best interests of the CityCenter project. The lawsuit alleges that MGM’s admissions... »
Dubai Gold Securities listed on NASDAQ Dubai
Dubai Gold Securities (stock ticker: GOLD), an initiative of World Gold Council (WGC) and the Dubai Multi Commodities Centre (DMCC), began trading on NASDAQ Dubai Ltd. today. Dubai Gold Securities represent the first Exchange Traded Commodity (ETC) to list on NASDAQ Dubai and the first Shariah-compliant gold ETC in the region. Dubai Gold Securities... »
Nakheel hotel front row at presidential inauguration
The façade of Nakheel-owned W Hotel Washington DC provided a fitting backdrop today for the historic occasion of the inauguration of new American president Barak Obama. With a rooftop terrace overlooking the manicured lawns of the Whitehouse, contractors at the hotel today will take a break from renovation works to take advantage of its... »
