By Karissa Rosenfield Courtesy of Deep Ocean Technology Dubai shipbuilder Drydocks World has signed on with Switzerland’s BIG InvestConsult, on behalf of partner Deep Ocean Technology (DOT), to become the sole construction contractor of the futuristic Water Discus Underwater Hotels in the Middle East. Tailored to the luxurious lifestyle, aspiring divers and marine life enthusiasts,…
The 21st century will not be dominated by America or China, Brazil or India, but by the city. In an age that appears increasingly unmanageable, cities rather than states are becoming the islands of governance on which the future world order will be built. This new world is not — and will not be —…
Dubai debt concerns re-emerged Friday as the cost of protection against a default by the Persian Gulf emirate climbed to the highest level since November, according to data provider Markit. The price of credit default swaps on Dubai government debt jumped to 630 basis points on Friday, up from 592 on Thursday, Markit data show….