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Burj Dubai Opens As The World’s Tallest Building

Burj Dubai opens with a fireworks display and has now become the world’s tallest building. The opening pushed through despite economic troubles still afflicting the emirate region.

The tower was developed by Emaar properties and built by a consortium of Samsung, Arabtech and Besix. It stands at 818m tall and 160 stories with a cost of around $4B.

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Dollar Dips After Dubai Debt Shock

The US dollar slipped Monday morning as investors wait for more details on the Dubai debt crisis.

In other currencies, the 16-nation euro rose to $1.5015 from $1.4954 late Friday, while the British pound dipped to $1.6416 from $1.6479. The dollar fetched 86.26 Japanese yen from 86.70 yen.

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