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Latest Dubai World Stories

2011-02-15 06:15:00

DUBAI, UAE, February 15, 2011 /PRNewswire/ -- The Al Dobowi Group recently celebrated 35 years of operations in the UAE. This fourth generation tyre business was started in the Middle East to address the needs of a growing tyre management and service industry in the Middle East. Today it has grown to become a leading global player in the industry providing clients with superior services and unique solutions to their problems across three continents. The Group has grown beyond tyre...

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2011-01-21 10:10:00

The "World" project "” an artificial archipelago of 300 small islands arranged in the shape of a world map "” is sinking back into the sea, according to evidence presented to a property tribunal in the emirate, the Telegraph reports. Only one of the islands is inhabited, and the financial crisis has halted work on the project. The "Ëœglobe' effect is most impressive when spotted by satellite, but visitors to Dubai who scale the Burg Khalifa - the tallest building in the...

2009-07-20 11:00:00

TEMPE, Ariz., July 20 /PRNewswire/ -- StandardAero, a Dubai Aerospace Enterprise (DAE) Company, has received Supplemental Type Certificate (STC) Organization Designation Authorization (ODA) at its Springfield, Ill. location from the Chicago Aircraft Certification Office. This designation enables StandardAero to approve design data, tests, and analysis as well as make a finding of compliance to the regulations allowing them to sign a STC on behalf of the Federal Aviation Administration...

2009-04-29 15:59:00

Project Receives Approval for Full Financing Dubai World Dismisses Lawsuit Against MGM MIRAGE LAS VEGAS and DUBAI, United Arab Emirates, April 29 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) and Dubai World through subsidiary Infinity World, 50/50 joint venture partners in the CityCenter project, today announced that the companies have reached an agreement on a revised joint venture agreement and also reached an agreement with CityCenter's lenders on a comprehensive plan to fully fund...

2009-04-13 19:01:00

LAS VEGAS, April 13 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM), today announced that it has received the support of its banks and has entered into an amendment of its senior credit facility. Under the newly obtained amendment, MGM MIRAGE's senior lenders have provided the company with the ability to pay the full amount of current construction costs for CityCenter totaling $70 million due no later than April 17, 2009. This amendment allows MGM MIRAGE to fund Dubai World's $35 million...

2009-03-27 13:26:00

Company Receives Waiver From Its Lenders to Fund 100 Percent of Required March Equity Contributions for CityCenter LAS VEGAS, March 27 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM), today announced that it is, with the authorization of its senior lenders, providing $200 million of funding to CityCenter to satisfy the required sponsor equity contributions due on or about March 24, 2009. The funding includes $100 million which should have been funded by Dubai World. This allows...

2009-01-05 08:08:00

CityCenter Currently Represents Largest Single New Employment Opportunity By Any Company in U.S. LAS VEGAS, Jan. 5 /PRNewswire/ -- Beginning today, CityCenter will be accepting applications via www.citycentercareers.com to fill more than 12,000 jobs, marking the largest single new employment opportunity currently offered by any corporation in the U.S. "Today is a momentous occasion for us; we're proud to be creating 12,000 new jobs at CityCenter that will be filled by smart, passionate...

2008-12-19 08:00:00

CityCenter Represents Largest Single New Employment Opportunity in Las Vegas' History LAS VEGAS, Dec. 19 /PRNewswire/ -- Beginning January 5, 2009, CityCenter will be accepting applications via www.citycentercareers.com to fill more than 12,000 jobs, marking the largest single new employment opportunity in Las Vegas' history. "To see this unprecedented undertaking to fruition, we need smart, passionate individuals who bring a diversity of perspectives and abilities to our company," said...

2008-10-05 09:00:06

In response to tremendous growth opportunities in global natural resources business sector, Dubai World today announced the formation of a new business unit, Dubai Natural Resources World, designed to explore new long-term investment avenues, while contributing positively towards sustainable development. Dubai Natural Resources World will drive the growth of the Group's interests across the entire natural resources value chain, including oil and gas, alternative energy, mining and...


Word of the Day
bibliopole
  • A bookseller; now, especially, a dealer in rare and curious books.
This word comes from a Greek phrase meaning 'book seller.'
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