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A simulation of the new Emaar Properties development in Dubai, “The Tower,” designed by Santiago Calatrava Valls and planned to be the world’s tallest, being slightly higher than current title holder, the Burj Khalifa. PHOTO: EMAAR PROPERTIES
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A handout picture made available on March 14, 2015 by the Egyptian presidency shows Egyptian President Abdel-Fattah El-Sisi (R) and Prime Minister and Vice President of the UAE and ruler of Dubai Sheikh Mohammed Bin Rashid Al Maktoum (C) listening to Egyptian investment minister Ashraf Salman (3rd-R) as they look at a scale model of the new Egyptian capital displayed at the congress hall in the Red Sea resort of Sharm El-Sheikh. (AFP Photo/Mohamed Samaaha/Egyptian Presidency HO)
Egypt, UAE ink deal to build brand new capital east of Cairo
Sharm El-Sheikh, Asharq Al-Awsat—Egypt and the United Arab Emirates on Saturday signed a deal to build Egypt’s new administrative capital, east of the existing capital Cairo. The agreement to build the new, as-yet unnamed capital was signed between Egypt’s Ministry of...Caption:
An investor looks up at screens displaying stock information at the Dubai Financial Market, June 17, 2013 (REUTERS/Jumana El Heloueh)
Dubai financial market index reaches 57-month high
Dubai, Asharq Al-Awsat—Dubai’s financial market index reached its highest levels in 57 months on Sunday, amid optimism regarding the second quarter’s results, which stimulated trading activity. Real estate topped the list of the most profitable sectors. The shares of...Caption:
An image taken from Burj Khalifa, the world’s tallest skyscraper, on May 21, 2013 shows part of Dubai’s Marina. (AFP Photo/Marwan Naamani)