Friday, November 21, 2008

Dubai eyes palm extravaganza, despite financial woe


The world may be tightening its belt but mere money woes have failed to thwart the star-studded grand opening of Dubai's Atlantis hotel on a palm-shaped island visible from space.The launch of the $1.5 billion mega resort on Thursday will feature red carpet appearances by a who's who of A-list stars from Oprah Winfrey to Charlize Theron, under a sky exploding with what promises to be the world's largest fireworks display.Dubai, part of the United Arab Emirates, the world's fifth largest oil-exporter, kicked off a regional real estate boom when it opened the sector to private investment in 2002.

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