“The Dubailand project, one of the emirate’s biggest and most important planned tourist attractions, is being reviewed” reported The National Newspaper

[SOURCE: Global crisis forces Dubailand review - The National Newspaper]

AECOM Technology Corporation announced today that it has been selected to provide architectural and engineering services to the Toronto Transit Commission for design of the Sheppard West and Highway 407 stations on its Toronto-York Spadina Subway Extension project.

[SOURCE: AECOM: News Release].

The Times (UK) reports
“Nakheel, the government-owned developer of Dubai’s man-made palm islands, has cut 500 jobs, or 15 per cent of its workforce, as it scales back projects amid the global financial crisis. “We have the responsibility to adjust our short-term business plans to accommodate the current global environment,” it said in a statement.”

SOURCE: Times Online.com – Nakheel cuts jobs as Dubai reels from financial crisis

By Jennifer Heldt Powell of the Boston Herald reports

“Landscape architect David Warner has been reading some alarming headlines.

Towns all over the country are cutting back on school building projects or nixing them altogether. That could be really bad news for a firm that does a lot of work with schools.

It could hardly come at a more challenging time; Warner only recently took over the business.”

read more about David Warner and how he is approaching the finanical downturn @ the [SOURCE: Landscape architect adapts to tough times - BostonHerald.com].

Louise Armitstead reports on Dubai and the Financial Crisis

“Mohammed Ali Alabbar, a member of Dubai’s executive council and chairman of Emaar Properties, said the emirate’s borrowings amounted to $80bn against assets of about $350bn. He insisted: “The government can and will meet all its obligations.”

……..We’ve been seeing a softening in property prices and that may not be bad. The market was overheated and a correction is a sign of a mature economy…..”

Read more of this article @ the [SOURCE: Telegraph.co.uk – Dubai vows to keep building despite global crisis - Telegraph].