Presently the Abu-Dhabi Medical Centre consists of 500 beds, but as told by the managing director and CEO of this group Dr. Shetty, as a part of expansion in its health care portfolio, it has been decided to add another 1000 beds in another 2 years time.

On Sunday Dubai customs stated that they have confiscated drugs like cocaine and marijuana that got smuggled inside of Christmas cards where there were messages scribbled saying that the drugs are meant to brighten one’s Christmas day.

A real estate and hospitality Company owned by the emirate's ruler posted a full-year loss, which led to Dubai shares fell to a more than 14- month low. The developer of the world's tallest skyscraper, Emaar Properties PJSC, slumped to the lowest in almost three months.

To streamline its $23.5 billion in debt, Dubai World has reached an agreement with a group of banks. This debt-plagued conglomerate is also a proxy for the free-spending emirate of Dubai.

It has been reported that on Thursday, on a Dubai World restructuring plan which included full repayment of Nakheel, Nakheel's Islamic bonds rose, and the price of insuring Dubai's debt fell.

A recent newspaper report has speculated that new pieces of evidence have been found which incriminate Israel's spy agency in the assassination of a Hamas commander which happened in Dubai. The new evidence includes credit card payment details and phone calls which were made by the suspect.

British Business Secretary Peter Mandelson said on Sunday reports that Dubai's handling of the debt crisis at flagship Dubai World will affect its ability to grab future investment, amid a report the firm may offer creditors just 60 cents on the dollar.

Following the deep concerns over the Dubai World's debt restructuring, the cost of insuring Dubai's sovereign debt against default mounted to maximum altitude since March on Monday.

On Monday, Dubai's Emaar Properties shared that the observation deck of the Burj Khalifa, the world's tallest tower, has been closed temporarily for maintenance purposes, a mere weeks after opening.

The inauguration of the World’s tallest skyscraper on Monday is being projected as a beacon of hope to an indebted kingdom. For a long time, Sheik Mohammed bin Rashid Al Maktoum, the city-state's 60-year-old hereditary leader, has been harboring the dream of seeing Dubai as a business hub at par with London, New York and Hong Kong.