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The Independent UK
The Independent UK
National
Via AP news wire

Company loses bid to recover payout for Dubai hotel fire

Copyright 2017 The Associated Press. All rights reserved.

An insurance company that was ordered to pay more than a billion Dirhams in damages for a 2015 New Year’s Eve fire in Dubai has lost a civil lawsuit that it filed to try and recover the money.

Two years after the massive fire rocked the Address Downtown hotel, Orient Insurance was ordered to pay Dubai’s state-backed developer Emaar 1.25 billion Dirhams (more than $340 million) in a settlement. Emaar is behind projects like the world’s tallest skyscraper, the Burj Khalifa.

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