BUSINESS & JOBS

The rates for the world’s tallest tower Burj Khalifa in Dubai is testimony enough to the correction the Middle East market has witnessed. According to sources, what sold at more than $3,000 per sq ft during the peak period is today at around $900-1,000 per sq ft.

Mission: Impossible – Ghost Protocol is directed by Brad Bird (The Incredibles) and hits theaters on December 16. The film co-stars Ving Rhames, Jeremy Renner, Paula Patton, Vladimir Mashkov, Michael Nyqvist, Josh Holloway, Simon Pegg, Lea Seydoux and Anil Kapoor.

The latest to be up for grabs are the corporate suite offices - situated on the 144th to 147th floor. The owner of these floors, a single person, is seeking Dh4 million for each floor, Emirates 24|7 can reveal.

“The savings were achieved mostly in the hospitality and corporate sectors, because both are mandated to use hygienic tissue papers for any cleaning purpose. Many premier hotel brands such as the One & Only Royal Mirage, Fairmont, Shangri-La, Hyatt Regency and Armani Hotel among others, use our products.”

EPIC Dubai opened on a positive note where a Green Cars Caravan of solar, electric, hybrid and biodiesel powered cars, organized by Dubai Police and S.S. Lootah Group, took off from Burj Al Arab with a pit stop at Dubai Police Academy before it continued its journey to Burj Khalifa boulevard and The Dubai Mall, where the expo is being held.

Partly inspired by his love of machinery and a cult television show, Sami al Turki has employed his childhood passions to deliver a deeper message about greed and ambition. His latest exhibition, Constructakons, opens in Dubai at The Pavilion Downtown today and documents the growth of the city in recent years through photographs and video.

The Civil Defence heads, who conducted a high-level meeting in Burj Khalifa, also evaluated the systems and emergency preparedness of the world’s tallest building. They congratulated Emaar Properties PJSC, the developer of the tower, for the excellence and best practices in implementing advanced safety systems.

Mission Impossible director Brad Bird said Tom Cruise was 'bummed out' when they finished filming scenes on the world's tallest building. Some of the scenes for the new movie were filmed on top of the Burj Khalifa, the world's tallest building, in Dubai and Bird spoke about Cruise's stunts on top of the building.

Dubai's Department of Finance, which launched a roadshow for a benchmark-sized sovereign bond issue in London yesterday, is likely to launch a dual tranche issue with 5-year and 10-year maturities, bankers familiar with the fundraising process said yesterday.

The Real Estate Regulatory Authority (RERA) determined that the properties were unlikely to be completed after a review of 450 projects. The Gulf Arab emirate, known for extravagant projects such as the artificial islands Palm Jumeirah and Burj Khalifa, the world's tallest tower, is planning a benchmark sovereign dollar bond issue this week.