The skyscraper will be set in the middle of a new development dubbed Downtown Jumeirah, which will feature hotels, homes, and offices.
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00:00The government-owned holding company Dubai Holding is set to announce a brand new mega
00:06development in the Jumeirah area, located very close to the Burj Al Arab. Dubai media
00:12office this afternoon released a video of the new Burj Jumeirah, a 550-metre high skyscraper
00:18that it says will dominate the landscape in the Jumeirah area. Dubai Holding has previously
00:23announced projects in the area, including the Masa Al Arab, which is a waterfront development
00:28on either side of the Burj Al Arab. There are very few details known at the moment
00:32about this new development in Jumeirah, other than it will be located very close to the
00:36Burj Al Arab and will be a mixed-use development of offices, retail and residential, centred
00:43around the Burj Jumeirah, this 550-metre high skyscraper. Elsewhere, Facebook said that
00:49its quarterly profits for the last quarter of 2018 rose to an all-time high of $6.9 billion.
00:57That's a 60% increase on 2017's results. Elsewhere, its revenues soared 30% and its user base
01:04grew to $2.32 billion. Despite being damaged a number of times last year by scandals and
01:11controversies around privacy and data usage, Facebook's user growth remains strong and
01:17the company says that it is in a great financial shape nonetheless. And lastly, Amir Kazem,
01:23the chief financial officer of Do, the telecommunications network, has said he will step down from the
01:28company at the end of March. Kazem didn't give a reason for leaving, other than he would
01:32be joining another government-owned company when he departs from Do. Kazem has overseen
01:38a strong increase in profits. Lastly, the third quarter of 2018, Do saw its revenues
01:45increase by 6.9%. That's it from me. I'm Ed Clouse. Thanks very much for watching. We'll
01:50be back after the weekend. And until then, you can find out more on golfnews.com. Have
01:55a great weekend.