This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tiger Woods, Dubai World Still Friends

NEW YORK ( TheStreet) -- Tiger Woods' Dubai partners will continue to work with him on a golf-course project, it was announced Wednesday, as the two once-high-flying brand names desperately cling onto each other amid their recent respective financial and media maelstroms.

Despite Dubai's serious cash liquidity problems, it is pushing ahead with plans to develop a golf-course named after none other than Tiger Woods himself.

Dubai Properties, the Dubai state-linked property developer working on the long-delayed project, says it will not comment on Woods' personal problems. >> Click here for The Tiger Woods Stock Index

"The Tiger Woods Dubai does not comment on the personal lives of our valued partners," the project's statement said. The statement also said that Dubai Properties could "confirm that it remains committed to the completion of its centerpiece al-Ruwaya golf course ... progress continues on the first golf course designed by Tiger Woods Design."

The Windermere, Florida-based Tiger Woods Design is headed by Woods, and the course is part of a far larger leisure and entertainment development on Dubai's dusty outskirts known as Dubailand. Officials had planned to open multiple theme parks, including Universal Studios, Legoland and Six Flags, but the economic downturn has called many of those plans into question.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG
ACN $93.00 0.00%
NKE $100.22 0.00%
PEP $95.48 0.00%
PG $80.40 0.00%
T $33.38 0.00%

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs