Showing posts with label Dubai. Show all posts
Showing posts with label Dubai. Show all posts

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.